New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,905,000
Life science properties
244 Vanderbilt Ave, Norwood, MA 02062-5046
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0222954
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
44,505 SF
Lot
3 ac (130,680 SF)
APN
NORW M:00015 B:00014 L:00050
UPID
US38-0222954
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
-
United Citrus Products Corporation (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Floridan Foods (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.91M
Owner & transaction history
Bire 244 Vanderbilt Ave O · 1 yrs held
Bire 244 Vanderbilt Ave O
since 2025
Last sale
$7.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.9M
+328.8%
Restaurant
$7.9M
+282.7%
Apartment house (5+ units)
$5.5M
+167.6%
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 Norwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwood 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
$9,975,000
ML approach
$9,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,875,000
Change: +329% · Conversion: Difficult
RESTAURANT
$7,920,000
Change: +283% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,535,000
Change: +168% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,445,000
Change: +163% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,380,000
Change: +160% · Conversion: Difficult
Blend value · Realmo final
$8.91M
Range $8.01M – $9.80M · ±10% · vs last sale $7.88M (Dec 10 2024)
Last sale anchor
$7.88M
Dec 10 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
$200 / 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
$177,821
Tax year 2024
Assessed value
$7,434,000
Assessed 2024
Previous assessed
$7,434,000
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$1,357,800
Assessed improvement
$6,076,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
4
Total area
44,505 SF
Lot
3 ac (130,680 SF)
APN
NORW M:00015 B:00014 L:00050
UPID
US38-0222954
Jurisdiction
NORWOOD
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$8.9M
RESTAURANT
Est. value
$7.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$5.4M
INDUSTRIAL (GENERAL)
Est. value
$5.4M
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
4
Lot
3 ac
Current owner
From public records · entity-resolved
Bire 244 Vanderbilt Ave O
Individual
Mailing address
1 SANSOME ST STE #1500, SAN FRANCISCO, CA 94104-4449
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2025
$7,875,000
Bire 244 Vanderbilt Ave O
Bpvif V Holdings 14 LLC
Deed
$31,790,000 · Bmo Harris Bank NA
Aug 3, 2021
—
Bpvif V Hldg 14 LLC
—
Deed
related
$5,069,000 · Middlesex Savings Bank
Apr 15, 2021
$7,400,000
Bpvif 5 Holdings 14 LLC
Vanderbilt Ave LLC
Quit Claim Arm's Length For Ne States
—
Nov 13, 2017
$5,475,000
Vanderbilt Ave LLC
244 Vanderbilt LLC
Quit Claim Deed
related
$3,600,000 · Miscellaneous Ins Co
Aug 7, 2013
$3,800,000
Vanderbilt Norwood LLC
244 Vanderbilt Avenue LLC
Quit Claim Deed
related
$2,850,000 · Lowell Five Cent Savings
Jun 1, 2010
$3,200,000
244 Vanderbilt Avenue LLC
Amero LLC
Grant Deed
$2,400,000 · Sovereign Bank
Aug 27, 2009
$3,200,000
Amero LLC
Cit Cre LLC
Grant Deed
—
Jun 11, 2007
$3,159,500
Cit Cre LLC
Blue Rock T
Grant Deed
—
May 26, 2006
$3,050,000
Rock T Blue
Fdr RT
Grant Deed
$2,800,000 · Century Bank & Trust Co
—
—
Vanderbilt Norwood LLC
—
Deed Of Trust
related
$250,000 · Julie A Hennessey
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 244 Vanderbilt Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
