915 Pleasant St Norwood, MA 02062
- Auto shops
- 7,000 SF
- 1.23 lot acres
Current Use by Public Records
- TNT Auto Detailing and Paintless Dent Removal / Auto Dent Removal Service / Car Detailing Service
- Batco Transmissions / Transmission Shop
- Michael Grella Plumbing & Heating / Plumber / Heating Contractor
- Lifeline Ambulance / Ambulance Service
Property Details for 915 Pleasant St
- Year built
- 1983
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.23 lot acres
- Property size
- 7,000 SF
- Property type
- Auto shops
- APN
- NORW M:00010 B:0005A L:00003
- APU
- NORWM00010B0005AL00003
Description
This В±7,000 square foot industrial/automotive building presents a unique investment opportunity in Norwood, MA. Situated on a 1.23-acre lot, the property offers ample parking and yard space, making it ideal for a variety of uses. Currently housing a transmission business with a Class II license (available separately), the building boasts high ceilings, four drive-in doors, and significant potential for expansion or multi-tenant occupancy. The existing tenant provides a stable income stream, while the substantial space allows for owner-user occupancy or further leasing opportunities. The building's versatile layout is suitable for auto repair, auto body work, transmission services, or other industrial applications. Its strategic location provides quick and convenient access to major roadways, including Routes 128, 95, and 1, ensuring excellent accessibility for both employees and clients. This property offers a compelling combination of existing income, development potential, and prime location, making it an attractive investment for discerning buyers. The ample parking and yard space further enhance its functionality and appeal. The high ceilings and multiple drive-in doors provide efficient workflow and ease of access for large vehicles and equipment. This is a rare opportunity to acquire a well-located, versatile industrial property with significant upside potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $520,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $430,000
- 6.5%
- $410,000
- 7%
- $390,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $455,000
- Geo Method
- $380,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $390,000
- Retail
- $465,000
- Mixed-Use
- $460,000
- Hospitality
- $465,000
- Educational
- $380,000
- Residential Income
- $400,000
- Energy
- $465,000
- Income-Based Land
- $355,000
- Food Service
- $405,000
Location Insight
- Map
- Local Demand
- City
- Norwood
- County
- Norfolk
- State
- Massachusetts
- Longitude
- -71.2048
- Latitude
- 42.1693
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
