Renovated Lower-Level Office
For Sale
Contact for pricing
175 Walpole Street, Norwood, MA 02062
Flexible commercial suite with updated systems, on-site parking, and signage potential along Route 1A.
Property Size1,300 SF
Price / SF$1.54
Days on Market374
Property Features for 175 Walpole Street
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Commercial
Zoning
LB
Taxes and HOA fees
Annual Taxes
$11,008
Building Details
Building Size
1,300 SF
Year Built
1891
Listing Agency:
Gaia Realty & Advisors, LLC
Listed By:
Team Uranus
(617) 307-6565
Source:
Churchillprop
Added: Oct 9, 2025
Changed: Oct 6
Last Checked: Oct 16 at 6:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gaia Realty & Advisors, LLC
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Investment Insights
Based on property information with market context.
This lower-level office unit has been fully renovated with new luxury vinyl plank flooring, fresh paint, updated HVAC, LED lighting, and a modernized bathroom. The open layout includes support columns that allow for adaptable planning within the suite. Pylon signage is available, and on-site parking is provided.
The property is located on Walpole Street in Norwood along Route 1A, with access to Route 1 and I-95. Norwood Center, Norwood Hospital, and Norwood Central Commuter Rail station are minutes away. The site is connected to town water and sewer and is situated in the LB Limited Business zoning district.
The property is located on Walpole Street in Norwood along Route 1A, with access to Route 1 and I-95. Norwood Center, Norwood Hospital, and Norwood Central Commuter Rail station are minutes away. The site is connected to town water and sewer and is situated in the LB Limited Business zoning district.
Key Highlights
- Fully renovated lower‑level office unit with new flooring, paint, HVAC, bathroom fixtures, and LED lighting
- Open floor plan with support columns for flexible configuration
- Pylon signage opportunity along Route 1A
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,123
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,460
$442.5K
Cap Rate 7%
$316,043
$316.0K
Cap Rate 9%
$245,811
$245.8K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$32.4K $24.96/SF
− Vacancy
−$844 −$0.65/SF
EGI
$31.6K $24.31/SF
− OpEx
−$9.5K −$7.29/SF
NOI
$22.1K $17.02/SF
Area
Norfolk County, MA
Vacancy
2.60%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,460
Cap Rate 7%
$316,043
Cap Rate 9%
$245,811
Alternative Uses
Best Use
Office B
$407.5K
$356.6K – $475.5K
NOI $28,527 @ 7.0% cap · market cap 1,426.35%
Second Best
Retail
$316.0K
$276.5K – $368.7K
NOI $22,123 @ 7.0% cap · market cap 1,106.15%
Theoretical Best
Office A
$769.6K
$673.4K – $897.9K
NOI $53,872 @ 7.0% cap · market cap 2,693.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,474
Businesses Nearby
Explore this area
Business Placement
Demographics for 02062, MA
31,611
Population
13,961
Households
2.3
Avg Household Size
41
Median Age
53%
College-Educated
93%
High-School Grad
10.5 sq mi
ZIP Area
3,011
Density / Sq Mi
$97,110
Median Household Income
$60,434
Median Earnings
$2,056
Median Rent
$613,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Flexible commercial suite with updated systems, on-site parking, and signage potential along Route 1A.
Where is this office units located?
The property is located at 175 Walpole Street Norwood, MA.
What are key features of this property?
This property features: Fully renovated lower‑level office unit with new flooring, paint, HVAC, bathroom fixtures, and LED lighting; Open floor plan with support columns for flexible configuration; Pylon signage opportunity along Route 1A
