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    19 Norfolk Ave Easton, MA 02375
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    19 Norfolk Ave Easton, MA 02375

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    • Warehouses
    • 35,000 SF
    • 3.09 lot acres
    For Lease
    $3,280,000
    View Listing →
    Easton Industrial Park Warehouse Space For Lease
    $3,280,000
    7,500 SF

    Easton Industrial Park Warehouse Space

    7,500 SF warehouse space available for lease.

    19 Norfolk Ave, Easton, MA 2375
    View Listing
    Property ID
    US38-1899802
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Otis Spunkmeyer Inc / (Bike/Boat/Book/etc) Store / Bakery
    • CASE Assembly Solutions Inc / Factory / Production Facility
    • John Diorio / Physician
    • Northern Air Corp. / Industrial Manufacturer / Production Facility
    • Advanced Fiber Solutions / Production Facility

    Property Details for 19 Norfolk Ave

    Year built
    1982
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.09 lot acres
    Property size
    35,000 SF
    Property type
    Warehouses
    APN
    EAST M:0034U B:0001F L:0000
    APU
    EASTM0034UB0001FL0000

    Description

    This exceptional 7,500-square-foot warehouse located at 19 Norfolk Ave, Easton, MA 02375, presents a significant opportunity for businesses seeking a single-tenant industrial space. Situated in Bristol County, this property boasts a substantial 16-foot ceiling height, providing ample vertical storage capacity. The building's entire 7,500 square feet is currently vacant and ready for immediate occupancy. The property is equipped with robust 400-amp power, ensuring sufficient electrical capacity for a wide range of industrial operations. Its convenient location in Easton, Massachusetts offers easy access to major transportation routes, streamlining logistics and distribution. The single-tenant occupancy provides a unique opportunity for a business to customize the space to meet its specific needs without the complexities of multi-tenant management. This warehouse is perfect for businesses requiring a large, well-equipped space with significant power capacity and high ceilings. The property's size and features make it suitable for a variety of industrial uses, from storage and distribution to light manufacturing. Interested parties are encouraged to inquire further to explore the possibilities this exceptional property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,198,000
      Market price range: $2.55M - $6.65M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,630,000
      Current use
      OFFICE BUILDING
      $5,345,000
      Change: +16% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $5,345,000
      Change: +15% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $5,215,000
      Change: +13% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    South Easton
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.0778
    Latitude
    42.0496
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $35,362
    $536,500
    $1,619,700
    $2,156,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,220,000
      6,250 SF

      920 Washington St

      WAREHOUSE, STORAGE • 6,250 SF
      920 Washington St, South Easton, MA 02375-1132
      View Details
    • Value Estimation
      $1,100,000
      11,200 SF

      28 Foundry St

      WAREHOUSE, STORAGE • 11,200 SF
      28 Foundry St, South Easton, MA 02375-1704
      View Details
    • Value Estimation
      $1,860,000
      20,000 SF

      8 Norfolk Ave

      WAREHOUSE, STORAGE • 20,000 SF
      8 Norfolk Ave, South Easton, MA 02375-1156
      View Details
    • Value Estimation
      $3,195,000
      34,500 SF

      32 Norfolk Ave

      WAREHOUSE, STORAGE • 34,500 SF
      32 Norfolk Ave, South Easton, MA 02375-1941
      View Details
    • Value Estimation by Request
      3,200 SF

      35R Belmont St

      Distribution properties • 3,200 SF
      35R Belmont St, Easton, MA 02375
      View Details
    • Value Estimation
      $2,975,000
      32,340 SF

      55 Norfolk Ave

      WAREHOUSE, STORAGE • 32,340 SF
      55 Norfolk Ave, South Easton, MA 02375-1190
      View Details

    Similar Nearby for Sale

    • $465,000
      0.39 Acres

      Easton Commercial Property - High Potential

      Established Dentist Office w/ Apartment & Expansion Potential
      702 Washington St, Easton, MA 02375
      View Details
    • $325,000
      Pending

      Easton Industrial Park Land Available

      1.27-acre lot in Easton Industrial Park, close to highway.
      40 Bristol Dr, Easton, MA 02375
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      50,000 SF

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      50,000 SF sublease near I-495 and I-95/Route 24.
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      Easton Industrial Park Warehouse Space

      7,500 SF warehouse space available for lease.
      19 Norfolk Ave, Easton, MA 02375
      View Details
    • Contact for pricing
      20,000 SF

      Versatile Industrial Space in Easton

      20,000 SF industrial space ideal for manufacturing or distribution.
      5 Norfolk Ave, South Easton, MA 02375
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      2,410 SF

      Retail Space in Easton Center

      Retail space available in shopping center anchored by Big Y.
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      View Details
    • $2,000 /Mo

      Easton Office/Retail Space Available

      Office/Retail space in busy plaza with high traffic count.
      750 Washington St, Easton, MA 02375
      View Details
    • Contact for pricing

      Former Bank Branch Sub-Lease Opportunity

      High-visibility former bank branch available for sub-lease.
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      View Details
    View Listing
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    Easton, MA 02375
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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