Office/Warehouse Flex
90 Kerry Pl Norwood, MA 02062
For Sale
Contact for pricing
Multi-tenant office/warehouse building with five leased spaces, including a kids interactive center and dance studio.
Property Size18,420 SF
Lot Size1.38 Acres
Price / SF$171.01
Days on Market197
Property Features for 90 Kerry Pl
General Information
- Standard status
- Active
- Size
- 18,420 SF
- Lot size
- 1.38 Acres
- Property subtype
- OFFICE
Listing Agency:
Atlantic Commercial Real Estate, LLC
(781) 551-8888
Listed By:
Mark Kearins · License #138273-RE-B
Source:
Moodyscre
Added: Jan 8
Changed: Jul 23
Last Checked: Jul 23 at 3:09PM
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
Investment Insights
Based on property information with market context.
This multi-tenant office/warehouse flex building totals approximately 18,420 SF and is occupied by five tenants with short-term lease terms. Space includes Kids Interactive Center (about 4,500 +/- SF, NNN), Conseal International (about 5,478 +/- SF, mod. NNN), Imagine Scientific (about 1,787 +/- SF, mod. NNN), Medical Billing Specialists (about 2,126 +/- SF, mod. NNN), and Fred Astaire Dance Studio (about 3,753 +/- SF, NNN).
Leases are staggered through 2030. Kids Interactive Center is leased through July 31, 2029 and includes 3–5 year options to extend. Conseal International is leased through July 31, 2026 with no options. Imagine Scientific is leased through June 30, 2026. Medical Billing Specialists is leased through July 31, 2028. Fred Astaire Dance Studio is leased through July 31, 2030.
The property is located at 90 Kerry Pl, Norwood, MA 02062.
Leases are staggered through 2030. Kids Interactive Center is leased through July 31, 2029 and includes 3–5 year options to extend. Conseal International is leased through July 31, 2026 with no options. Imagine Scientific is leased through June 30, 2026. Medical Billing Specialists is leased through July 31, 2028. Fred Astaire Dance Studio is leased through July 31, 2030.
The property is located at 90 Kerry Pl, Norwood, MA 02062.
Key Highlights
- 18,420 SF multi‑tenant office/warehouse building with 5 leased spaces
- Kids interactive center (4,500 +/- SF) is leased through July 31, 2029 with 3–5 year extension options
- Conseal International (5,478 +/- SF) leased through July 31, 2026 (modified NNN) with no options
Financial Insights For Warehouse
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 | $296.2k | $16.08 |
| − Vacancy | −$16.3k | −$0.88 |
| EGI | $279.9k | $15.20 |
| − OpEx | −$42.0k | −$2.28 |
| NOI | $237.9k | $12.92 |
18,420 SF · lease $16.08/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$4.52M
$3.95M – $5.27M
NOI $316,087 @ 7.0% cap · market cap 10.03%
Second Best
Warehouse
$3.40M
$2.97M – $3.97M
NOI $237,918 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$10.90M
$9.54M – $12.72M
NOI $763,320 @ 7.0% cap · market cap 24.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fred Astaire Dance ...
Training Center
Kessler Therapy Equipment
Medical Clinic
Marco Technologies
Printing Equipment Supplier
MBS Select
Medical Billing Service
granite medical associates
Medical Supply Store
Similar Off Market Nearby
- Spitfires Barbecues & Clam Bakes — 163 Morse St, Norwood, MA 02062
- Off The Vine Catering — 163 Morse St, Norwood, MA 02062
- Tiki Turbo — 991 providence hwy studio 01, norwood, ma 02062
FAQs
What type of property is this?
Flex space - Multi-tenant office/warehouse building with five leased spaces, including a kids interactive center and dance studio.
Where is this flex space located?
The property is located at 90 Kerry Pl Norwood, MA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 18,420 SF multi‑tenant office/warehouse building with 5 leased spaces; Kids interactive center (4,500 +/- SF) is leased through July 31, 2029 with 3–5 year extension options; Conseal International (5,478 +/- SF) leased through July 31, 2026 (modified NNN) with no options
