Property profile

246 Prospect St Norwell, MA 02061

OFF-MARKET
Investment properties
Property ID
US38-0262357
3,242 SF 2.43 ac lot
Entity Owned 17-yr Hold
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Total area 3,242 SF
Lot 2.43 ac (105,851 SF)
APN NORW M:35 L:47
UPID US38-0262357

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Food Processing Plant
  • Food Processing Plant

Location

246 Prospect St Norwell, MA 02061-1125
Norwell metro Census 504101 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$440k
CAP Approach CAP
$480k
Comparable Approach Comparable
$672k
Blend (final) Blend
$630k

Owner & transaction history

since 2009
2 recorded transactions
2023
Price N/A
2009
$1.3M

Zoning & alternative use

Top alternative use upside
Office building $815,000 +38.0%
Retail stores $675,000 +13.9%
Auto repair, garage $670,000 +13.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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