Industrial Flex Building with Drive-In
For Sale
Contact for pricing
451 Walpole St, Norwood, MA 02062
Versatile industrial/automotive space on a 1-acre site with five drive-in doors and parking, with tenants in place through end of 2026.
Property Size14,000 SF
Price / SF$232.14
Days on Market267
Property Features for 451 Walpole St
General Information
Standard status
Active
Size
14,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
DMG Brokerage
(781) 591-3232
Listed By:
Dan Gardner
(617) 964-3300
Source:
Moodyscre
Added: Feb 4
Changed: Oct 25
Last Checked: Oct 28 at 11:07AM
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 DMG Brokerage
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Investment Insights
Based on property information with market context.
This versatile industrial/automotive flex building totals approximately 14,000 SF and sits on a 1-acre site with parking and circulation designed for vehicle-based operations. Access is supported by five drive-in doors, providing practical flow for loading and everyday movements within the facility. The property also features existing tenants in place through the end of 2026, creating short-term income while the space is planned for redevelopment or new leasing.
The site offers visibility and accessibility along Walpole Street. It is located across from Big Y Supermarket, Planet Fitness and Dollar Tree.
As a flexible industrial asset with drive-in access and a defined parking site, it is well suited for owner-occupants or investors seeking a near-term occupancy window while repositioning the property over time.
The site offers visibility and accessibility along Walpole Street. It is located across from Big Y Supermarket, Planet Fitness and Dollar Tree.
As a flexible industrial asset with drive-in access and a defined parking site, it is well suited for owner-occupants or investors seeking a near-term occupancy window while repositioning the property over time.
Key Highlights
- Approximately 14,000 SF versatile industrial/automotive space
- 1‑acre site with ample parking and circulation
- Five drive‑in doors for convenient vehicle access and operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$240,240
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,804,800
$4.8M
Cap Rate 7%
$3,432,000
$3.4M
Cap Rate 9%
$2,669,333
$2.7M
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$420.0K $30.00/SF
− Vacancy
−$50.4K −$3.60/SF
EGI
$369.6K $26.40/SF
− OpEx
−$129.4K −$9.24/SF
NOI
$240.2K $17.16/SF
Area
Norfolk County, MA
Vacancy
12.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,804,800
Cap Rate 7%
$3,432,000
Cap Rate 9%
$2,669,333
Alternative Uses
Best Use
Flex RnD
$3.43M
$3.00M – $4.00M
NOI $240,240 @ 7.0% cap · market cap 7.39%
Second Best
Industrial
$2.13M
$1.86M – $2.48M
NOI $148,917 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$8.29M
$7.25M – $9.67M
NOI $580,156 @ 7.0% cap · market cap 17.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Under-served
Demand for This Use
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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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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Sons of Shephanie's — 219 Winslow Ave, Norwood, MA 02062
- Extreme Tailgators, LLC
- Mitch's Catering Services — 168 Walpole St, Norwood, MA 02062
Frequently Asked Questions
What type of property is this?
Flex space - Versatile industrial/automotive space on a 1-acre site with five drive-in doors and parking, with tenants in place through end of 2026.
Where is this flex space located?
The property is located at 451 Walpole St Norwood, MA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Approximately 14,000 SF versatile industrial/automotive space; 1‑acre site with ample parking and circulation; Five drive‑in doors for convenient vehicle access and operations
