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Property profile & analytics
OFF-MARKET
Estimated value
$10,410,000
Warehouses
10 Commerce Way, Norton, MA 02766-3321
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-2539855
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
49,200 SF
Lot
11.57 ac (503,815 SF)
APN
NORT M:25 P:83
UPID
US38-2539855
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
-
Morton Buildings, Inc. Construction Company
-
ProMedDx, LLC Research Institute Storage Facility
-
Measurement Computing (Bike/Boat/Book/etc) Store
-
Diamond Dumpster Rental Waste Management Facility Hazardous Waste Disposal
-
Precision For Medicine Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.30M
CAP Approach
CAP
$9.81M
Comparable Approach
Comparable
$9.35M
Blend (final)
Blend
$10.41M
Owner & transaction history
Alp Arc V Gbi 10 Comm · 4 yrs held
Alp Arc V Gbi 10 Comm
since 2022
Last sale
$11.3M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.5M
+77.0%
Auto repair, garage
$8.8M
+34.5%
Retail stores
$8.1M
+24.0%
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 Norton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norton 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
$10,300,000
CAP Approach
CAP Return
Estimation
6%
$10,625,000
6.5%
$9,805,000
7%
$9,105,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,510,000
Current use
RESTAURANT
$11,515,000
Change: +77% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,755,000
Change: +35% · Conversion: Easy
RETAIL STORES
$8,070,000
Change: +24% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$7,875,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$7,515,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,515,000
Change: +15% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,330,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$10.41M
Range $9.37M – $11.45M · ±10% · vs last sale $11.30M (Jun 7 2022)
Last sale anchor
$11.30M
Jun 7 2022
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
$212 / 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
$164,672
Tax year 2024
Assessed value
$11,898,300
Assessed 2024
Previous assessed
$10,858,700
+9.6% YoY
Effective rate
1.38%
On assessed value
Assessed land
$1,669,100
Assessed improvement
$10,229,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Buildings
1
Stories
1
Total area
49,200 SF
Lot
11.57 ac (503,815 SF)
APN
NORT M:25 P:83
UPID
US38-2539855
Jurisdiction
NORTON
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
WAREHOUSE, STORAGE Current
Est. value
$6.5M
RESTAURANT
Est. value
$11.5M
AUTO REPAIR, GARAGE
Est. value
$8.8M
RETAIL STORES
Est. value
$8.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.9M
OFFICE BUILDING
Est. value
$7.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.5M
COMMERCIAL (GENERAL)
Est. value
$7.3M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Stories
1
Buildings
1
Lot
11.57 ac
Current owner
From public records · entity-resolved
Alp Arc V Gbi 10 Comm
Individual
Mailing address
68 S SERVICE RD STE #120, MELVILLE, NY 11747-2350
Ownership since
2022
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
Jun 16, 2025
—
Alp Arc V Gbi Townsend Op
—
Deed
related
$1 · Alp Arc V Gbi Barnett
Jun 13, 2025
—
Alp-arc V Gbi-10 Commerce
—
Deed
related
$1 · German American Capital Corp
Jun 7, 2022
$11,298,463
Alp Arc V Gbi 10 Comm
10-56 Bclp Commerce Owner
Quit Claim Arm's Length For Ne States
$118,433,036 · Invesco Cmi Investments LP
Jul 2, 2020
$4,900,000
10-56 Bclp Cmrc Owner
Maind Ll LLC
Quit Claim Deed
—
Apr 4, 2017
$5,177,369
Maind Ll LLC
Norton Commerce Center 10
Quit Claim 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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