$23 SF/Yr 2,145 SF available

124 Washington St, Norwell, MA 02061
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This property in Norwell is configured with two levels of commercial space along Route 53: a first-floor retail unit and a second-floor office unit. The first-floor retail space consists of approximately 1,600 square feet and is situated adjacent to existing retail tenants, while the second floor includes an office space of approximately 545 square feet. The building provides on-site parking with paved, open parking areas. The property is set up as a triple-net leased asset, meaning property…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?

$11k

Tax billed · 2024

Assessed value$813k

Assessed land$340k

Assessed improvement$473k

Effective rate1.35%

Value estimate

· Oct 2026

$630k

$567k – $693k

Submarket $/SF estimate$653k

NOI build-up

Gross scheduled income$51k

Vacancy & credit loss−$1k

Operating expenses−$15k

NOI · 153,230.43% cap applied$35k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?

$251/SF

ZIP average, outlier-cleaned · 22 recorded sales of this use type

Observed band · Q1–Q3$130 – $335

Qualifying comparables13

Cap rate analysis

How does the asset earn?

153,230.43%

$35k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionNORWELL

Location intelligence

Which uses thrive at this corner?

Best fit: Parking Facility

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Parking Facility9.5

Bakery9.3

Barber Shop9.0

124 Washington St Norwell, MA 02061

County assessor Recorded deeds · 3 transfers 13 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby

Address Sale price Sold Size

306 Washington, Norwell, MA 02061-1765 $1,800,000 Jan 2026 11,307 SF

316 Washington, Norwell, MA 02061-1780 $1,195,000 Jul 2024 4,785 SF

167 Washington, Norwell, MA 02061-1797 $1,650,000 May 2024 13,767 SF

683 Main, Norwell, MA 02061-2346 $1,150,000 Jul 2022 6,804 SF

40 Accord Park, Norwell, MA 02061-1613 $850,000 Nov 2020 11,804 SF

46 Accord Park, Norwell, MA 02061-1663 $1,000,000 Sep 2020 6,828 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$1,290,000

7,424 SF

12 Grv St

OFFICE BUILDING

12 Grv St, Norwell, MA 02061

View Details
Value Estimation
$1,110,000

6,828 SF

46 Accord Park Dr

OFFICE BUILDING

46 Accord Park Dr, Norwell, MA 02061-1663

View Details
Value Estimation
$825,000

9,648 SF

45 Accord Park Dr

OFFICE BUILDING

45 Accord Park Dr, Norwell, MA 02061-1622

View Details
Value Estimation
$980,000

5,436 SF

22 Washington St

OFFICE BUILDING

22 Washington St, Norwell, MA 02061-1732

View Details
Value Estimation
$535,000

5,362 SF

334 Washington St

OFFICE BUILDING

334 Washington St, Norwell, MA 02061-1756

View Details
Value Estimation
$1,010,000

5,272 SF

515 Washington St

OFFICE BUILDING

515 Washington St, Norwell, MA 02061-2001

View Details

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Office units and office spaces available for lease at 164 Washington St in Norwell, MA.

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124 Washington St Norwell, MA 02061

Property summary