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Property profile & analytics
OFF-MARKET
Estimated value
$3,435,000
Retail properties & Spaces
3 Liberty Ln Norfolk, MA 02056-1446
Entity Owned
9-yr Hold
Free & Clear
Property ID
US38-0621732
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,406 SF
Lot
1.37 ac (59,677 SF)
APN
NORF M:0014 B:0041 L:0057
UPID
US38-0621732
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
-
Walgreens Pharmacy
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy Pharmacy
-
FedEx OnSite Postal Service Courier Service
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.77M
Comparable Approach
Comparable
$2.61M
Blend (final)
Blend
$3.44M
Owner & transaction history
Norfolk Town Commons LLC · 9 yrs held
Norfolk Town Commons LLC
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.6M
+10.0%
Office building
$4.2M
+0.2%
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 Norfolk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norfolk 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,085,000
6.5%
$3,770,000
7%
$3,500,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,220,000
Current use
AUTO REPAIR, GARAGE
$4,640,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$4,225,000
Change: +0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,140,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,685,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$3.44M
Range $3.09M – $3.78M · ±10%
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
$238 / 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
$79,113
Tax year 2024
Assessed value
$5,081,100
Assessed 2024
Previous assessed
$5,081,100
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$1,968,500
Assessed improvement
$3,112,600
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
14,406 SF
Lot
1.37 ac (59,677 SF)
APN
NORF M:0014 B:0041 L:0057
UPID
US38-0621732
Jurisdiction
NORFOLK
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
RETAIL STORES Current
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.7M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
Norfolk Town Commons LLC
Entity
Free & Clear · 9 yrs held
Mailing address
112 NEEDHAM ST, NEWTON UPPER FALLS, MA 02464-1500
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2024
—
Norfolk Town Commons LLC
—
Deed
related
$2,500,000 · Ronald F Cahaly
Mar 15, 2017
—
Norfolk Town Commons LLC
Norfolk Town Cmns Tic 2
Quit Claim Deed
related
—
Apr 15, 2014
—
Norfolk Town Commons LLC
—
Grant Deed
related
$5,000,000 · Worth Fndg
Jan 9, 2014
$6,950,000
Norfolk Town Commons LLC
Liberty Norfolk Dev 2 LLC
Quit Claim Deed
related
$3,300,000 · Peoples Fsb
Aug 28, 2003
—
Paul D Borrelli
—
Deed Of Trust
related
$208,000 · Walpole Coop Bank
Nov 5, 2002
—
Paul D Borrelli
—
Deed Of Trust
related
$200,000 · Walpole Coop Bank
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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