451 Walpole Street, Norwood, MA 02062
Single-story industrial shop with paint spray booth and multiple drive-in doors, plus leases expiring at year-end 2026.
- Added:
- Jan 6, 2026
- Days on Market:
- 183
- Last Refresh:
- Jul 8 at 2:07 am
Property Features for 451 Walpole Street
General Information
- Standard status
- Active
- Size
- 13,847 SF
- Lot size
- 1.00 Acre
- Property subtype
- Commercial
Building Details
- Year Built
- 1945
Listing office Atlantic Properties (978) 578-5013
Listing date Jan 6, 2026
Source Churchillprop
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 Properties
HighLights
- Single‑story industrial/automotive facility with a paint spray booth
- ~14,000 +/- SF building size on a 1‑acre site (451 Walpole Street, Norwood, MA)
- Three drive‑in doors plus five (5) drive‑in doors for flexible vehicle access
- Two spaces include a second‑floor office while the overall layout is single‑story
- Current leases expire at the end of 2026
Overview
The property is located at 451 Walpole Street in Norwood, MA and is currently operated under existing leases, with leases set to expire at the end of 2026. The drive-in door configuration and straightforward, single-level layout are well aligned with service, repair, and industrial uses that benefit from direct loading and flexible internal space.
This facility is a practical fit for an owner-occupant seeking a purpose-built automotive or industrial environment with paint spray capabilities, or for an investor planning around the known lease expiration timeline. The combination of drive-in access, a dedicated spray booth, and on-site office space in select areas can support a range of contractor, service, and industrial tenants that require functional shop space and convenient vehicle entry.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $345.6k | $24.96 |
| − Vacancy | −$9.0k | −$0.65 |
| EGI | $336.6k | $24.31 |
| − OpEx | −$101.0k | −$7.29 |
| NOI | $235.6k | $17.02 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Ding Doctor of Greater Boston — 1255 Washington St, Norwood, MA 02062
- Top Gun Autoworks — 27 Endicott St, Norwood, MA 02062
- Carol's Auto Body — 1255 Washington St, Norwood, MA 02062
- Collegetown Auto — 83 Morse St # 14, Norwood, MA 02062
- EuroSide Automotive — 1220 Washington St, Norwood, MA 02062
Location Insight
- Map
- Local Demand
- City
- Norwood
- County
- Norfolk
- State
- Massachusetts
- Longitude
- -71.2219382
- Latitude
- 42.1798049
