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Property profile & analytics
OFF-MARKET
Showrooms
15 Leonard St, Norton, MA 02766-2492
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0243733
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2020
Construction
STEEL FRAME
Total area
123,740 SF
Lot
10.67 ac (464,696 SF)
Zoning code
R80
APN
NORT M:11 P:33
UPID
US38-0243733
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
-
Pitney Bowes Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Blue Star Bus Park LLC · 4 yrs held
Blue Star Bus Park LLC
since 2022
Last sale
$36.0M
7 recorded transactions
Zoning & alternative use
R80 · Norton, MA
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$301,067
Tax year 2024
Assessed value
$21,753,400
Assessed 2024
Previous assessed
$21,376,300
+1.8% YoY
Effective rate
1.38%
On assessed value
Assessed land
$2,744,900
Assessed improvement
$19,008,500
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2020
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
5
Bathrooms
1
Total area
123,740 SF
Lot
10.67 ac (464,696 SF)
Zoning code
R80
APN
NORT M:11 P:33
UPID
US38-0243733
Jurisdiction
NORTON
Zoning & alternative use
R80 · Norton, MA
Zoning R80 · permitted uses
R80 · Norton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2020
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
5
Bathrooms
1
Lot
10.67 ac
Current owner
From public records · entity-resolved
Blue Star Bus Park LLC
Entity
Mailing address
2 SEAPORT LN, BOSTON, MA 02210-2001
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2022
$36,000,000
Blue Star Bus Park LLC
Leonard St B4 Owner LLC
Quit Claim Arm's Length For Ne States
—
Oct 28, 2019
—
Invtrs Leonard Street
Compos Hldgs LLC
Quit Claim Deed
related
—
Aug 28, 2018
$700,000
Compos Hldgs LLC
Compos,dianne L
Quit Claim Deed
$305,000 · Dianne L Compos
Feb 15, 2012
$170,000
Dianne L Compos
Petruzzi,jason T
Grant Deed
$158,100 · Bridgewater Savings Bank
Jun 15, 2004
$1
Jason T Petruzzi
Petruzzi,jason T
Grant Deed
related
—
Jun 15, 2004
—
Gilette,jennifer
—
Grant Deed
related
$297,000 · Countrywide Home Loans INC
Feb 11, 2004
—
Jason T Petruzzi
—
Deed Of Trust
related
$20,000 · Beneficial Massachusetts INC
Dec 1, 2003
—
Jason T Petruzzi
—
Deed Of Trust
related
$17,355 · Domestic Bank
Jul 7, 2003
$196,400
Jason T Petruzzi
Mahoney,joseph P
Grant Deed
$196,400 · Countrywide Home Loans INC
Jun 5, 2003
$131,000
Joseph P Mahoney
Reynolds,mark T
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Dec 21, 1993
—
Mark T Reynolds
—
Deed Of Trust
related
$85,200 · Ge Capital Mortgage Service
Nov 12, 1992
—
Mark T Reynolds
—
Deed Of Trust
related
$82,400 · Ge Capital Mortgage Service
Mar 22, 1991
—
Marki T Reynolds
—
Deed Of Trust
related
$43,000 · Avco Financial Services
Aug 31, 1990
—
Mark T Reynolds
—
Deed Of Trust
related
$28,499 · Commercial Credit Corp
Oct 2, 1989
—
Mark T Reynolds
—
Deed Of Trust
related
$20,000 · Us Funding INC
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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