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Property profile & analytics
OFF-MARKET
Estimated value
$12,400,000
Warehouses
176 Washington St, Norton, MA 02766-3302
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-0614619
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
212,672 SF
Lot
34.4 ac (1,498,464 SF)
APN
NORT M:24 P:30
UPID
US38-0614619
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
-
US Cabinet Depot (Massachusetts) Warehouse & Storage
-
Norton Local Tree Service Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.91M
Blend (final)
Blend
$12.40M
Owner & transaction history
Aireit Norton Dc LLC · 2 yrs held
Aireit Norton Dc LLC
since 2024
Last sale
$12.4M
7 recorded transactions
Zoning & alternative use
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
Method
Estimation
Statistic approach
$12,400,000
ML approach
$12,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.40M
Range $11.16M – $13.64M · ±10% · vs last sale $12.40M (Jun 11 2024)
Last sale anchor
$12.40M
Jun 11 2024
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
$58 / 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
$448,080
Tax year 2024
Assessed value
$32,375,700
Assessed 2024
Previous assessed
$32,375,700
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$5,458,600
Assessed improvement
$26,917,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Buildings
1
Stories
1
Total area
212,672 SF
Lot
34.4 ac (1,498,464 SF)
APN
NORT M:24 P:30
UPID
US38-0614619
Jurisdiction
NORTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Stories
1
Buildings
1
Lot
34.4 ac
Current owner
From public records · entity-resolved
Aireit Norton Dc LLC
Entity
Mailing address
1200 17TH ST STE #2900, DENVER, CO 80202-5831
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2024
—
Aireit Norton Dc LLC
Aireit Memphis Dc LLC
Quit Claim Deed
related
$1 · Jpmorgan Chase Bank NA
Dec 14, 2020
—
Jlw LLC
Carroll Easements LLC
Quit Claim Deed
related
—
Dec 11, 2020
$250,000
Carroll Easements LLC
Pip 1 Norton LLC
Quit Claim Deed
—
May 8, 2013
—
Pipi Norton LLC
—
Deed Of Trust
related
$7,500,000 · Worth Funding INC
Jan 24, 2013
$12,400,000
Pip 1 Norton LLC
Apca Norton LLC
Grant Deed
—
Feb 26, 2007
$12,515,000
Apca Norton LLC
Cfri Nordic Norton LLC
Grant Deed
$9,290,000 · Thomas A Ricchi
Apr 8, 2004
$8,550,000
Nordic Norton L L C Cfri
Icon Vendor Corp
Grant Deed
$7,450,000 · Gary Needham
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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