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Property profile & analytics
OFF-MARKET
Estimated value
$12,995,000
Office buildings
3 Edgewater Dr, Norwood, MA 02062-4642
Entity Owned
31-yr Hold
~
Est. High Equity
Property ID
US38-0968293
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
STEEL FRAME
Total area
47,735 SF
Lot
4.4 ac (191,664 SF)
APN
NORW M:00015 B:00002 L:00002
UPID
US38-0968293
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
King Information Systems Inc Storage Facility
-
TCAA USA (Boston Office) Marketing & Advertising Advertising Agency
-
Caitlin Stauder Pediatrician Physician
-
Finarc Investments Financial Advisor
-
LAN-TEL Communications, Inc. Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.19M
Comparable Approach
Comparable
$12.98M
Blend (final)
Blend
$13.00M
Owner & transaction history
E LP · 31 yrs held
E LP
since 1995
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$20.5M
+46.3%
Commercial (general)
$16.0M
+14.2%
Auto repair, garage
$15.4M
+9.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,620,000
6.5%
$17,190,000
7%
$15,960,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$14,005,000
Current use
RESTAURANT
$20,490,000
Change: +46% · Conversion: Moderate
COMMERCIAL (GENERAL)
$15,995,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$15,370,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$13,975,000
Change: 0% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$13,715,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$13.00M
Range $11.70M – $14.29M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$272 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$178,197
Tax year 2024
Assessed value
$7,449,700
Assessed 2024
Previous assessed
$7,449,700
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$3,587,600
Assessed improvement
$3,862,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
9
Total area
47,735 SF
Lot
4.4 ac (191,664 SF)
APN
NORW M:00015 B:00002 L:00002
UPID
US38-0968293
Jurisdiction
NORWOOD
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$14.0M
RESTAURANT
Est. value
$20.5M
COMMERCIAL (GENERAL)
Est. value
$16.0M
AUTO REPAIR, GARAGE
Est. value
$15.4M
RETAIL STORES
Est. value
$14.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.7M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
9
Lot
4.4 ac
Current owner
From public records · entity-resolved
E LP
Entity
Mailing address
107 AUDUBON RD STE #2, WAKEFIELD, MA 01880-1245
Ownership since
1995
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 1995
$2,950,000
E LP
Brookside Assoc LP
Grant Deed
$1,950,000 · Citizens Bank Of Ma
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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