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Property profile & analytics
FOR LEASE
Office buildings
1 Walpole St, Norwood, MA 02062
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US38-0818067
For Lease
1 / 28
$20 SF/Yr
1 Walpole St, Norwood, MA 02062
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Property summary
AI-generated overview
This exceptional executive office building at 1 Walpole Street in Norwood, MA, offers multiple suites for lease. The property boasts a total of 1,865 square feet, currently entirely vacant and ready for immediate occupancy. Two available spaces provide flexible options, ranging from a minimum of 747 square feet to a maximum contiguous space of 1,118 square feet. One particular suite, approximately 1,118 square feet, features three rooms, a reception area, and a private restroom, ideal for a small business or professional team. The building is professionally managed and conveniently located in downtown Norwood, offering easy access to local amenities and transportation. On-site parking is provided for the convenience of tenants and their clients. This is a fantastic opportunity to secure high-quality office space in a desirable location within Norfolk County. The building's modern design and efficient layout create a productive and comfortable work environment. The available spaces are ready for immediate customization to suit your specific business needs. Don't miss this chance to establish your presence in this thriving business community. Contact us today to schedule a viewing and secure your ideal office space.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,296 SF
Lot
0.3 ac (13,232 SF)
APN
NORW M:00002 B:00010 L:00008
UPID
US38-0818067
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
-
Fafel Counseling Services Counselor
-
Kania John MD Physician
-
Alyssa Whitehouse Counselor Practitioner Service Location
-
Jane Broderick-Danforth Medical Clinic
-
Alyssa Gerrish Counselor Social Worker
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.65M
Owner & transaction history
Jonathan Drive RT · 19 yrs held
Jonathan Drive RT
since 2006
5 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
$2,725,000
Current use
RETAIL STORES
$2,720,000
Change: 0% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,670,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±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
$177 / 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
$22,320
Tax year 2024
Assessed value
$933,100
Assessed 2024
Previous assessed
$933,100
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$131,500
Assessed improvement
$801,600
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
6
Total area
9,296 SF
Lot
0.3 ac (13,232 SF)
APN
NORW M:00002 B:00010 L:00008
UPID
US38-0818067
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
$2.7M
RETAIL STORES
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
6
Lot
0.3 ac
Current owner
From public records · entity-resolved
Jonathan Drive RT
Individual
Mailing address
190 N MAIN ST, NATICK, MA 01760-2057
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2013
—
Jonathan Drive RT
—
Deed Of Trust
related
$700,000 · Rockland Trust Co
Jan 16, 2007
—
Jonathan Drive RT
—
Deed Of Trust
related
$1,200,000 · Sun Life Assurance Co
Sep 15, 2006
$1,286,400
Jonathan Drive RT
One Walpole Street RT
Grant Deed
$565,754 · Anthony A Franchi
Jul 12, 2002
—
Walpole Street RT
—
Deed Of Trust
related
$530,000 · Dedham Inst For Savings
Jul 27, 2001
$650,000
Walpole St. RT
Walpole RT
Grant Deed
related
$520,000 · Bay State Federal Savings Bank
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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