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Property profile & analytics
FOR LEASE
Retail properties & Spaces
1275 Boston Providence Tpke, Norwood, MA 02062
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US38-0481128
For Lease
1 / 2
$2,000/Mo
1275 Boston Providence Tpke, Norwood, MA 02062
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Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1987
Construction
STEEL FRAME
Total area
13,200 SF
Lot
0.96 ac (41,838 SF)
APN
NORW M:00015 B:00011 L:0001A
UPID
US38-0481128
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.46M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.63M
Owner & transaction history
Doctors Of Norwood LLC · 13 yrs held
Doctors Of Norwood LLC
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.3M
+10.0%
Office building
$3.9M
+0.2%
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%
$3,745,000
6.5%
$3,455,000
7%
$3,210,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,865,000
Current use
AUTO REPAIR, GARAGE
$4,250,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$3,870,000
Change: +0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,790,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$2.63M
Range $2.36M – $2.89M · ±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
$199 / 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
$65,237
Tax year 2024
Assessed value
$2,727,300
Assessed 2024
Previous assessed
$2,727,300
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$889,400
Assessed improvement
$1,837,900
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Lease
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
6
Total area
13,200 SF
Lot
0.96 ac (41,838 SF)
APN
NORW M:00015 B:00011 L:0001A
UPID
US38-0481128
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
RETAIL STORES Current
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
6
Lot
0.96 ac
Current owner
From public records · entity-resolved
Doctors Of Norwood LLC
Entity
Mailing address
63 CT ST, BOSTON, MA 02108-2109
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2012
$1,310,000
Doctors Of Norwood LLC
Leader Bank NA
Grant Deed
$985,000 · Avidia Bank
Jun 11, 2012
$1,439,103
Leader Bank NA
Bmj RT
Grant Deed
related
—
May 8, 2009
—
Bmj RT
—
Deed Of Trust
related
$200,000 · Eve Adler
Mar 16, 2005
$1
Bmj RT
Jacko Realty LLC
Grant Deed
—
Nov 22, 2004
$1,800,000
Jacko Rlty LLC
1275 Providence Hwy RT
Grant Deed
$1,440,000 · Leader Bank NA
Mar 2, 2004
—
Providence Hwy T 1275
—
Deed Of Trust
related
$1,225,000 · Stoneham Savings Bank
Dec 23, 1996
—
Shoppers Mall INC
—
Deed Of Trust
related
$1,350,000 · Metrowest Bank
Apr 15, 1993
$1,515,000
Providence E 1275
Shoppers Mall T
Grant Deed
$1,200,000 · Shawmut Bank Of Boston
Apr 15, 1993
—
Providence E 1275
—
Deed Of Trust
related
$125,000 · Zenon Grzybowski
Nov 7, 1990
—
Mccarthy,peter B Tr
—
Deed Of Trust
related
$2,050,474 · Shawmut Worc Cnty Bk
Jun 26, 1990
—
Mall T Shoppers
—
Deed Of Trust
related
$6,000,000 · South Shore Bank
Nov 27, 1987
$2,115,000
Shoppers Mall Trust
Morse St RT
Grant Deed
$1,330,000 · Shawmut Worc Cnty Bk
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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