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Property profile & analytics
FOR LEASE
Office buildings
1 Edgewater Dr, Norwood, MA 02062
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0317197
For Lease
1 / 3
$17,605,000
1 Edgewater Dr, Norwood, MA 02062
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
STEEL FRAME
Total area
91,982 SF
Lot
5.21 ac (226,948 SF)
APN
NORW M:00015 B:00003 L:0004A
UPID
US38-0317197
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Ntirety Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Compass Project Management, Inc. Construction Company
-
Seasons Hospice Medical Group
-
Metropolitan Insurance Insurance Agency
-
Aurus, Inc. Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.31M
Blend (final)
Blend
$17.61M
Owner & transaction history
Cped LLC · 1 yrs held
Cped LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$26,985,000
Current use
RETAIL STORES
$26,930,000
Change: 0% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$26,425,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$17.61M
Range $15.84M – $19.37M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$191 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$292,604
Tax year 2024
Assessed value
$12,232,600
Assessed 2024
Previous assessed
$12,232,600
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$4,248,000
Assessed improvement
$7,984,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
9
Total area
91,982 SF
Lot
5.21 ac (226,948 SF)
APN
NORW M:00015 B:00003 L:0004A
UPID
US38-0317197
Jurisdiction
NORWOOD
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$27.0M
RETAIL STORES
Est. value
$26.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$26.4M
OFFICE BUILDING Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
9
Lot
5.21 ac
Current owner
From public records · entity-resolved
Cped LLC
Entity
Mailing address
430 E 1ST ST, BOSTON, MA 02127-1320
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2025
—
Cped LLC
180-194 Wfst LLC
Quitclaim Deed
related
—
Apr 24, 2018
—
Bp3 1031 LLC
Edgewater Asso LLC
Quit Claim Deed
related
—
Apr 24, 2018
$12,000,000
180-194 Wfst LLC
Bp3-1031 LLC
Quit Claim Deed
—
Aug 20, 2014
$5,827,500
1 Edgewater Assoc LLC
Mlmt 2005 Lc1 Norwood 1
Quit Claim Deed
$4,000,000 · Sara M Edelstein
Feb 12, 2014
$5,000,000
2005-lc1 Norwood 1 Mlmt
Brookside I LLC
Foreclosure
related
—
Nov 22, 2005
$14,987,500
Brookside I LLC
Edgewater Drive LP
Grant Deed
$11,680,000 · Lasalle Bank Fsb
Apr 17, 1997
$14,500,000
LP Edgewater
Mass Norwood Prop INC
Grant Deed
$10,875,000 · Zuckerman Family Nomi
Oct 20, 1992
$6,600,000
Norwd Properties Mass
Brookside Assoc LP Est
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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