Light Industrial Warehouse
For Sale
Contact for pricing
31 Clark St, Norwood, MA 02062
±15,280 SF light industrial/warehouse on a 0.31-acre parcel offered for sale on an as-is basis.
Property Size5,280 SF
Lot Size0.31 Acres
Price / SF$236.74
Days on Market163
Property Features for 31 Clark St
General Information
Standard status
Active
Size
5,280 SF
Lot size
0.31 Acres
Property subtype
Industrial
Zoning
GB - General Business
Investment Type
Redevelopment
Building Details
Year Built
1930
Buildings
1
Stories
1
Listing Agency:
Hunneman
Listed By:
Henry Lieber · License #MA 9516938-RE-S
(617) 457-3383
Source:
Crexi
Added: Mar 30
Changed: Aug 27
Last Checked: Sep 7 at 6:38AM
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
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$68,198
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,363,960
$1.4M
Cap Rate 7%
$974,257
$974.3K
Cap Rate 9%
$757,756
$757.8K
Market Conditions
NOI Build-Up for 5,280 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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
NOI $218,802 @ 7.0% cap · market cap 17.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Similar Off Market Nearby
- Extra Space Storage — 934 Washington St, Norwood, MA 02062
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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
