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Property profile & analytics
OFF-MARKET Estimated value $9,945,000
Super regional malls

175 Mansfield Ave Norton, MA 02766-1333

113,671 SF 13.13 ac lot Built 1990
Individually Owned 19-yr Hold ~ Est. High Equity
Property ID
US38-1813526
Property summary
AI-generated overview

This exceptional retail opportunity presents 78,788 square feet of vacant space within the established Greatwoods Marketplace shopping center in Norton, Massachusetts. Located at 175 Mansfield Avenue, this property boasts a prime location in Bristol County, conveniently situated near the intersection of Mansfield Avenue and Smith Street. The center enjoys high visibility and accessibility, benefiting from its proximity to Wheaton College and the Tweeter Center. The available space is highly divisible, with a minimum leasable area of 1,206 square feet and a maximum contiguous space of 46,167 square feet, offering flexibility for a variety of retail concepts. The property sits on a substantial 120,827 square foot lot. Strong anchor tenants include Planet Fitness and Dollar Tree, with a fully equipped grocery store space soon to become available. Other national tenants in the center include McDonald's and Dunkin' Donuts (note: these are not owned by the property). This location offers excellent exposure to a significant customer base in a thriving retail environment. The property is ideally situated northeast of Providence, Rhode Island, and south of Mansfield Municipal Airport, providing convenient access for both customers and employees. This is a rare opportunity to secure a substantial retail presence in a well-established and highly visible shopping center. The flexible space options make this an ideal location for a variety of retail businesses seeking a strong foothold in the Norton market.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1990
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 113,671 SF
Lot 13.13 ac (571,943 SF)
APN NORT M:9 P:265
UPID US38-1813526
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
  • Norton Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • The Happy Beauty Collective Hair Salon Nail Salon
  • Mansfield Boxing Club Gym & Fitness Center Sports School
  • California Nails Nail Salon
  • Crystal Wellness Spa Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$12.09M
Blend (final) Blend
$9.95M
Owner & transaction history
Galileo Great Marketplace · 19 yrs held
Galileo Great Marketplace
since 2006
7 recorded transactions
2006
Price N/A
2006
$15.2M
2004
$15.5M
2003
$11.2M
1999
$10.4M
1998
Price N/A
1997
$275,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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