Financial
Distress signals
Property profile

29 Washington St Norwell, MA 02061

FOR LEASE
Retail space
Property ID
US38-0735997
1,808 SF 0.24 ac lot Built 1900
Last sale Jun 2023 · $532,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon
29 Washington St, Norwell, MA 02061 For Lease
$4,250/Mo
29 Washington St, Norwell, MA 02061
View Listing

Property summary

AI-generated overview

The property at 29 Washington St, Norwell, MA 02061 is an office/flex commercial building configured for office use with flexible space suitable for a range of commercial functions. The site is positioned for high vehicular visibility along Route 53, which is described as supporting approximately 47,000 cars per day, and it is located a short distance from Queen Anne’s Corner with access to Route 3. The building is described as ready for occupancy, with an emphasis on immediate usability for an incoming tenant or buyer.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$7k
Tax billed · 2024
Assessed value$488k
Assessed land$283k
Assessed improvement$204k
Effective rate1.35%

Value estimate

· Sep 2026
$430k
$387k – $473k
AI approach$440k
NOI build-up
Gross scheduled income$94k
Vacancy & credit loss−$16k
Operating expenses−$19k
NOI · 1,374.54% cap applied$58k

Realmo valuation models over county records and 18 qualifying comparable sales.

Recently sold

What actually traded nearby?
$207/SF
County average, outlier-cleaned · 157 recorded sales of this use type
Observed band · Q1–Q3$112 – $317
Qualifying comparables18

Cap rate analysis

How does the asset earn?
1,374.54%
$58k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B
JurisdictionNORWELL

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.4
Storage Facility10.3
Grocery Store9.9

Location

29 Washington St Norwell, MA 02061
County assessor Recorded deeds · 5 transfers 18 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1 Riv, Norwell, MA 02061-2219 $900,000 Jan 2026 1,857 SF
5 Assinippi, Norwell, MA 02061 $1,600,000 Aug 2023 4,812 SF
130 Washington, Norwell, MA 02061-1712 $2,225,000 Apr 2023 8,984 SF
69 Washington, Norwell, MA 02061-1715 $2,250,000 Oct 2021 3,744 SF
36 Washington, Norwell, MA 02061-1716 $4,475,000 Jun 2021 8,981 SF
317 Washington, Norwell, MA 02061-1701 $943,000 May 2020 4,264 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message