Property profile

17 Pne St Norfolk, MA 02056

OFF-MARKET
Retail space
Property ID
US38-2492966
7,000 SF 2.8 ac lot Built 2009
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 17 Pine Street in Norfolk County, presents a unique opportunity for a single-tenant retail or restaurant business. The entire building, totaling 2,500 square feet, is currently vacant and ready for immediate occupancy. This presents a blank canvas for a discerning tenant to design and build out their ideal space. The property's single-tenant configuration offers privacy and control, eliminating the complexities of shared spaces and multiple tenants. Its prime location within Norfolk County ensures high visibility and accessibility for customers. The flexible square footage allows for a variety of business models, from smaller boutique shops to larger restaurants. The property is classified as retail and restaurant use, making it suitable for a wide range of commercial ventures. This is an excellent chance to establish a strong presence in a thriving market. Serious inquiries are encouraged to explore this exceptional opportunity to secure a prominent location in a desirable area. The property is available for lease and ready for immediate occupancy. Contact us today to schedule a viewing and discuss your business needs.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2009
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,000 SF
Lot 2.8 ac (121,790 SF)
APN NORF M:0026 B:0081 L:0014
UPID US38-2492966

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
  • Restaurant
  • (Bike/Boat/Book/etc) Store Bar & Pub

Location

17 Pne St Norfolk, MA 02056-1677
Norfolk metro Census 409101 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.04M
CAP Approach CAP
$1.84M
Comparable Approach Comparable
$1.50M
Blend (final) Blend
$2.07M

Owner & transaction history

since 2021
Last sale
$1.5M
7 recorded transactions
2021
Price N/A
2021
$1.5M
2017
Price N/A
2011
Price N/A
2008
$250,000
2003
$225,000
2002
$225,000

Zoning & alternative use

Top alternative use upside
Auto repair, garage $2.3M +10.0%
Office building $2.1M +0.2%

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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