Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    231 Norfolk St Walpole, MA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    4,000 sq ft industrial property in Walpole, MA available.

    Type:INDUSTRIAL
    Property size:
    4,000 SF
    Lot size:
    1.00 Acres
    Added:
    Nov 7, 2025
    Days on Market:
    172
    Last Refresh:
    Apr 5 at 10:33 pm

    Property Features for 231 Norfolk St

    General Information

    Standard status
    Active
    Size
    4,000 SF
    Lot size
    1.00 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 231 Norfolk St Contact us

    We can help!

    Listing Contact
    Mark Kearins

    Listing agent Mark Kearins License #138273-RE-B

    Listing office Atlantic Commercial Real Estate, LLC

    Listing date Nov 7, 2025

    Source Moodyscre

    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 Atlantic Commercial Real Estate, LLC

    Overview

    Industrial Space Available For Rent

    An industrial property offering 4,000 square feet of space is available for rent at 231 Norfolk St in Walpole, MA. The property is suitable for industrial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Empire Masonry Corporation General Contractor Multitemp Mechanical Corporation General Contractor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Walpole
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2703
    Latitude
    42.1384

    Nearby Similar for Lease

    • $2,964/Mo

      Walpole Commercial Shop/Garage Space

      Commercial shop/garage space available in Walpole, MA.
      276 South St, Walpole, MA 02081
      View Details
    • $5,500/Mo

      Commercial Condo Ready For Occupancy

      Well-located commercial condo ideal for various business uses.
      410 High Plain, Walpole, MA 02081
      View Details
    • $2,964/Mo

      Walpole Commercial Shop Space Available

      New commercial shop space in Walpole, convenient location.
      276 South St, Walpole, MA 02081
      View Details
    • $20 SF/Yr

      Walpole Commercial Condo For Rent

      1,200 SF commercial condo in prime Walpole location.
      482 High Plain St, Walpole, MA 02081
      View Details
    • $35 SF/Yr

      Retail Space on High-Traffic Corner

      6,000 SF retail space at a busy intersection.
      985 Old Post Rd, Walpole, MA
      View Details
    • $5,500/Mo

      Commercial Condo Ready For Occupancy

      Well-located commercial condo ideal for professional or wellness businesses.
      410 High Plain, Walpole, MA 02081
      View Details
    • $2,964/Mo

      Walpole Commercial Shop/Garage Space

      New commercial shop/garage spaces available in Walpole, Route 1 location.
      276 South St, Walpole, MA 02081
      View Details
    • $20 SF/Yr

      Walpole Commercial Condo For Rent

      1,200 SF commercial condo in prime Walpole location.
      482 High Plain St, Walpole, MA 02081
      View Details
    • $22 SF/Yr

      Walpole Retail Space with Drive-Thru

      Retail space available with drive-thru and signage opportunities.
      643-703 Main St, Walpole, MA
      View Details
    • Contact for pricing

      Furnished Office Space in Walpole

      Furnished office suite available for rent in Walpole, MA.
      1600 Providence Hwy, Walpole, MA
      View Details
    • Contact for pricing

      Retail Space in Walpole, MA

      Retail property available for lease in Walpole, Massachusetts.
      892 Main St, Walpole, MA
      View Details
    • Contact for pricing

      Office Space Near Commuter Rail

      Office space with ample parking near public transportation.
      95 West St, Walpole, MA
      View Details

    FAQs

    What type of property is this?
    Industrial property - 4,000 sq ft industrial property in Walpole, MA available.
    Where is this industrial property located?
    The property is located at 231 Norfolk St Walpole, MA.
    What is the lease rate?
    The lease rate is $3,100 /Mo.
    What are key features of this property?
    This property features: 4,000 sq ft industrial property; Located in Walpole, MA
    (781) 551-8888 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mark Kearins
    Real Estate License ID: 138273-RE-B
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!