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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Office buildings
316 Washington St, Norwell, MA 02061-1780
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0834718
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Construction
FRAME
Total area
4,785 SF
Lot
0.86 ac (37,462 SF)
APN
NORW M:31 L:2
UPID
US38-0834718
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
$1.64M
Comparable Approach
Comparable
$963k
Blend (final)
Blend
$1.20M
Owner & transaction history
316 Washington Street LLC · 1 yrs held
316 Washington Street LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Norwell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwell 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
$1,195,000
ML approach
$1,195,000
CAP Approach
CAP Return
Estimation
6%
$1,780,000
6.5%
$1,640,000
7%
$1,525,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,205,000
Current use
RETAIL STORES
$995,000
Change: -17% · Conversion: Moderate
AUTO REPAIR, GARAGE
$990,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±10% · vs last sale $1.20M (Jul 29 2024)
Last sale anchor
$1.20M
Jul 29 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
$250 / 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
$11,270
Tax year 2024
Assessed value
$837,300
Assessed 2024
Previous assessed
$837,300
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$390,600
Assessed improvement
$446,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1950
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Rooms
13
Bathrooms
2
Total area
4,785 SF
Lot
0.86 ac (37,462 SF)
APN
NORW M:31 L:2
UPID
US38-0834718
Jurisdiction
NORWELL
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 Current
Est. value
$1.2M
RETAIL STORES
Est. value
$995,000
AUTO REPAIR, GARAGE
Est. value
$990,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1950
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
13
Bathrooms
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
316 Washington Street LLC
Entity
Mailing address
316 WASHINGTON ST, NORWELL, MA 02061-1780
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2024
$1,195,000
316 Washington Street LLC
Young Belford LLC
Quit Claim Arm's Length For Ne States
$600,000 · South Shore Bank
Jul 29, 2024
—
316 Washington Street LLC
—
Deed
related
$494,000 · Granite State Economic Development Corp
Dec 4, 2023
$1,150,000
Young Belford LLC
Cam Investments LLC
Quit Claim Arm's Length For Ne States
$920,000 · Fall River Five Cents Savings Bank
Dec 1, 2017
$1,072,500
154 Washington LLC
T & C Nominee Trust
Quit Claim Deed
—
Aug 21, 2003
—
T RT
—
Deed Of Trust
related
$240,000 · First Trade Union Savings Bank
May 22, 1997
—
T Nt
—
Deed Of Trust
related
$50,000 · South Weymouth Savings Bank
Dec 23, 1993
—
Tc Nominee RT
—
Deed Of Trust
related
$35,000 · Unknown Lender
Jan 15, 1992
$250,000
T Nt
Paine St Corp
Grant Deed
$190,000 · South Weymouth Savings Bank
Sep 10, 1991
$203,000
Boston Five Cts Sb Fsb
Rpl RT
Grant Deed
related
—
Mar 19, 1990
—
R P L RT
—
Deed Of Trust
related
$177,600 · Bank Of New England NA
Dec 22, 1988
—
Rpl RT
—
Deed Of Trust
related
$250,000 · Bostonfivecentssvgsbk
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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