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    Charlotte Rd Walpole, MA 02032

    Sponsored
    For Sale
    $38,950,000

    10.86 Acres, General Residence Zoning, $38.95M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10.86-acre development site presents a unique opportunity in the desirable Walpole/Norwood area of Massachusetts. The property, located at 0 Charlotte Rd, Walpole, MA 02032, is comprised of two parcels: Lot A (Norwood) encompassing approximately 7.79 acres and Lot B (Walpole) comprising approximately 3.07 acres. Both parcels are zoned for General Residence, offering significant potential for a variety of residential projects. The site's convenient location offers quick access to major roadways including Routes 1, 1A, 27, 95, and 128, providing easy commutes to Boston and surrounding areas. The property benefits from proximity to the amenities and conveniences of both Walpole and Norwood town centers. A conceptual plan for a 122-unit apartment development has been prepared, showcasing the site's potential for high-density residential construction. This prime location and flexible zoning make this a highly attractive investment opportunity for developers seeking to capitalize on the strong demand for housing in this thriving region. The asking price for this exceptional property is $38,950,000. Norfolk County location provides access to a robust infrastructure and supportive community. This is a rare chance to acquire a substantial land parcel with significant development potential in a highly sought-after area.

    Property Features for 0 Charlotte Rd

    General Information

    Property type
    Land
    Lot Size
    473,062 SF

    HighLights

    • 10.86‑acre development site in Walpole/Norwood, MA, comprised of two parcels: Lot A (Norwood) - 7.79 acres, Lot B (Walpole) - 3.07 acres.
    • Both parcels are zoned General Residence.
    • Excellent access to Routes 1, 1A, 27, 95, and 128, and proximity to Walpole and Norwood town centers.
    • Conceptual plan for a 122‑unit apartment building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Walpole
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2091705
    Latitude
    42.1631018

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    FAQs

    What type of property is this?
    Land - 10.86 Acres, General Residence Zoning, $38.95M
    Where is this land located?
    The property is located at Charlotte Rd Walpole, MA.
    What is the asking price?
    The asking price for this property is $38,950,000.
    What are key features of this property?
    This property features: 10.86-acre development site in Walpole/Norwood, MA, comprised of two parcels: Lot A (Norwood) - 7.79 acres, Lot B (Walpole) - 3.07 acres.; Both parcels are zoned General Residence.; Excellent access to Routes 1, 1A, 27, 95, and 128, and proximity to Walpole and Norwood town centers.
    Request Owner's contact information
    Charlotte Rd Walpole, MA 02032
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    Walpole, MA 02032
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Charlotte Rd Walpole, MA 02032
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