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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    23 Norfolk Ave South Easton, MA 02375-1187

    • Warehouses
    • 20,000 SF
    • 1.68 lot acres
    OFF-MARKET
    Last Sale
    May 17, 2022
    $2,915,000
    Value Estimations
    $3,455,000
    Show details
    Cap Rate Potential
    6.7%
    Warehouses
    Location Intelligence
    Property ID
    US38-1406877
    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.

    Current Use by Public Records

    • Willwork Global Event Services / Event Planner / Fair
    • 4 Productions / Film Production / Television Studio
    • Teamwork Event Specialists Inc / Event Planning / Wedding Service
    • Teamwork Labor Services Inc / Construction Company

    Property Details for 23 Norfolk Ave

    Year built
    1983
    Construction
    STEEL FRAME
    Lot size
    1.68 lot acres
    Property size
    20,000 SF
    Property type
    Warehouses
    APN
    EAST M:0034U B:0001G L:0000
    APU
    EASTM0034UB0001GL0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,880,000
      ML approach
      $3,715,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,320,000
      6.5%
      $3,985,000
      7%
      $3,700,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,324,000
      Market price range: $1.46M - $3.80M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,645,000
      Current use
      RESTAURANT
      $4,680,000
      Change: +77% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,560,000
      Change: +35% Conversion: Easy
      RETAIL STORES
      $3,280,000
      Change: +24% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $3,200,000
      Change: +21% Conversion: Difficult
      OFFICE BUILDING
      $3,055,000
      Change: +16% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,055,000
      Change: +15% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,980,000
      Change: +13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    South Easton
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.0777
    Latitude
    42.0487
    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
    $28,003
    $423,700
    $1,283,800
    $1,707,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $31,500,000
      145,360 SF

      35 Eastman St

      WAREHOUSE, STORAGE • 145,360 SF
      35 Eastman St, South Easton, MA 02375-1279
      View Details
    • Value Estimation
      $2,250,000
      12,500 SF

      22 Bristol Dr

      WAREHOUSE, STORAGE • 12,500 SF
      22 Bristol Dr, South Easton, MA 02375-1108
      View Details
    • Value Estimation
      $1,640,000
      14,913 SF

      18 Bristol Dr

      WAREHOUSE, STORAGE • 14,913 SF
      18 Bristol Dr, South Easton, MA 02375-1108
      View Details
    • Value Estimation
      $5,515,000
      60,000 SF

      24 Norfolk Ave

      WAREHOUSE, STORAGE • 60,000 SF
      24 Norfolk Ave, South Easton, MA 02375-1914
      View Details
    • Value Estimation
      $2,495,000
      29,300 SF

      107 Eastman St

      WAREHOUSE, STORAGE • 29,300 SF
      107 Eastman St, South Easton, MA 02375-2300
      View Details
    • Value Estimation
      $1,490,000
      15,000 SF

      63 Norfolk Ave

      WAREHOUSE, STORAGE • 15,000 SF
      63 Norfolk Ave, South Easton, MA 02375-1190
      View Details

    Similar Nearby for Sale

    • $11,500,000
      78,268 SF

      Easton MA Industrial Facility

      78,268 SF Flex/Manufacturing Space
      1 Norfolk Ave, Easton, MA 02375
      View Details
    • Contact for pricing
      78,268 SF

      South Easton Industrial Warehouse Facility

      78,268 SF industrial facility with warehouse and manufacturing space.
      1 Norfolk Ave, South Easton, MA 02375
      View Details
    • $850,000
      0.24 Acres

      Easton Mixed-Use Investment Opportunity

      Versatile commercial & residential property.
      690 Washington St, Easton, MA 02375
      View Details
    • $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

      Easton Industrial Park Land Available

      1.27 acre lot in Easton Industrial Park for sale.
      40 Bristol Dr, South Easton, MA 02375
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      50,000 SF

      High-Bay Warehouse/Manufacturing Sublet Space

      50,000 SF sublease near I-495 and I-95/Route 24.
      35 Eastman St, South 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
      View Details
    • Contact for pricing
      7,500 SF

      Easton Warehouse: 7,500 SF Available

      Spacious Easton warehouse, ideal for various uses.
      19 Norfolk Ave, Easton, MA 02375
      View Details
    • $2,500 /Mo
      1,500 SF

      Renovated Flex Space Available

      Newly renovated flex space with high visibility and dedicated parking.
      802 Washington St, South Easton, MA 02375
      View Details
    • Contact for pricing
      3,803 SF

      Prime Medical Office Space on Route 123

      Move-in ready dental/medical office suite.
      67 Belmont St, Easton, MA 02375
      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
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    23 Norfolk Ave
    South Easton, MA 02375-1187
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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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