Building Details

Year Built 1930

Buildings 1

Stories 1

Listing Agency: Hunneman

Listed By: Henry Lieber · License #MA 9516938-RE-S Show Phone

Source: Crexi

Added: Mar 30 Changed: Oct 14 Last Checked: Oct 24 at 2:22PM

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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 Hunneman

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Investment Insights

Based on property information with market context.

Located at 31 Clark Street in Norwood, Massachusetts, this light industrial/warehouse property includes a ±15,280 SF building situated on a 0.31-acre parcel. The offering is presented on an as-is basis, giving buyers flexibility to evaluate the building for redevelopment, repositioning, or owner occupancy.

The property benefits from convenient commuter and highway access and is positioned within the Norwood suburban market, with proximity to a range of nearby amenities. The current offering does not list a formal asking price.

Key Highlights

• ±15,280 SF light industrial/warehouse building on a 0.31‑acre parcel
• Built in 1930, offering an opportunity for redevelopment, repositioning, or owner occupancy
• Offered for sale on an “as‑is” basis

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,198

Cap Rate

5.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,363,960 $1.4M

Cap Rate 7%

$974,257 $974.3K

Cap Rate 9%

$757,756 $757.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,280 SF

Gross rent

$84.9K $16.08/SF

− Vacancy

−$4.7K −$0.88/SF

EGI

$80.2K $15.20/SF

− OpEx

−$12.0K −$2.28/SF

NOI

$68.2K $12.92/SF

Area

Norfolk County, MA

Vacancy

5.50%

Lease Rate

$16.08 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,363,960

Cap Rate 7%

$974,257

Cap Rate 9%

$757,756

Alternative Uses

Best Use

Warehouse

$974.3K

$852.5K – $1.14M (±1% cap)

NOI $68,198 @ 7.0% cap · market cap 5.46%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.13M

$2.74M – $3.65M (±1% cap)

NOI $218,802 @ 7.0% cap · market cap 17.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Warehouses

Suggested Use

Top Pick Acupuncture Garden Center Bakery (Bike/Boat/Book/etc) Store Veterinary Clinic Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,615

Businesses Nearby

Under-served

Demand for This Use

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

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - ±15,280 SF light industrial/warehouse on a 0.31-acre parcel offered for sale on an as-is basis.

Where is this warehouse located?

The property is located at 31 Clark St Norwood, MA.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: ±15,280 SF light industrial/warehouse building on a 0.31‑acre parcel; Built in 1930, offering an opportunity for redevelopment, repositioning, or owner occupancy; Offered for sale on an “as‑is” basis