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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Investment properties
163 Washington St, Norwell, MA 02061-1759
Entity Owned
5-yr Hold
Property ID
US38-0958902
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1957
Construction
FRAME
Total area
4,562 SF
Lot
0.78 ac (33,900 SF)
APN
NORW M:20 L:21
UPID
US38-0958902
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
$1.01M
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$875k
Owner & transaction history
163 Wa Street LLC · 5 yrs held
163 Wa Street LLC
since 2020
Last sale
$795,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+38.0%
Retail stores
$945,000
+13.9%
Auto repair, garage
$945,000
+13.6%
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 Norwell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwell 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
$945,000
ML approach
$1,005,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$830,000
Current use
OFFICE BUILDING
$1,145,000
Change: +38% · Conversion: Easy
RETAIL STORES
$945,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$945,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $795k (Dec 31 2020)
Last sale anchor
$795k
Dec 31 2020
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
$192 / 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
$14,397
Tax year 2024
Assessed value
$1,069,600
Assessed 2024
Previous assessed
$966,000
+10.7% YoY
Effective rate
1.35%
On assessed value
Assessed land
$368,400
Assessed improvement
$701,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1957
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
5
Rooms
7
Bathrooms
2
Total area
4,562 SF
Lot
0.78 ac (33,900 SF)
APN
NORW M:20 L:21
UPID
US38-0958902
Jurisdiction
NORWELL
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
COMMERCIAL (GENERAL) Current
Est. value
$830,000
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$945,000
AUTO REPAIR, GARAGE
Est. value
$945,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1957
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
5
Rooms
7
Bathrooms
2
Lot
0.78 ac
Current owner
From public records · entity-resolved
163 Wa Street LLC
Entity
Mailing address
163 WASHINGTON ST, NORWELL, MA 02061-1759
Ownership since
2020
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
Dec 31, 2020
$995,000
163 Wa Street LLC
Cam Invs LLC
Quit Claim Deed
—
Mar 20, 2013
$795,000
154 Washington LLC
Mckay,john D
Grant Deed
$517,000 · Rockland Trust Co
Jul 6, 2012
$1
John D Mckay
Anthony V Orlando T
Grant Deed
related
—
Jul 6, 2012
—
John D Mckay
—
Deed Of Trust
related
$325,000 · Rockland Trust Co
May 3, 2006
—
John D Mckay
—
Deed Of Trust
related
$275,000 · Bank Of Canton
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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