Property profile

11 Vanderbilt Ave Norwood, MA 02062

FOR LEASE
Office buildings
Property ID
US38-1287799
16,259 SF 0.84 ac lot Built 1987
Entity Owned 29-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional executive office space, located at 11 Vanderbilt Avenue in Norwood, Massachusetts, offers 2,300 square feet of immediately available space within a larger 15,182 square foot building. Situated in Norfolk County, this property boasts a highly desirable location on Route 1, providing convenient access to major transportation arteries such as Routes 128 and 95. The suite features abundant natural light and high-end finishes, creating a sophisticated and professional environment. The multiple tenancy structure ensures a vibrant and collaborative atmosphere. The address is 11 Vanderbilt Ave, Norwood, MA 02062. This prime location offers proximity to a wide array of local amenities, making it an ideal setting for businesses seeking a prestigious and easily accessible office space. The property is perfect for businesses seeking a modern and functional workspace in a thriving community. The available space totals 2,300 square feet, offering ample room for various business needs. This is a fantastic opportunity to establish a presence in a highly sought-after area of Norwood. The building's total square footage is 15,182 square feet. The property is classified as an office building with an executive office subtype.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 16,259 SF
Lot 0.84 ac (36,778 SF)
APN NORW M:00015 B:0013B L:00011
UPID US38-1287799

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Physician Medical Clinic
  • Real Estate Agency
  • Real Estate Agency
  • Law Firm

Location

11 Vanderbilt Ave Norwood, MA 02062
Norwood metro Census 413500 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.81M
Blend (final) Blend
$3.22M

Owner & transaction history

since 1997
7 recorded transactions
2017
Price N/A
2013
Price N/A
2003
Price N/A
1999
Price N/A
1998
Price N/A
1997
$1.1M
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $5.2M +9.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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