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    Property profile & analytics
    OFF-MARKET Estimated value $1,095,000
    Office buildings

    320 Washington St, Norwell, MA 02061-1700

    13,360 SF 0.99 ac lot Built 1985
    Individually Owned 25-yr Hold ~ Est. High Equity
    Property ID
    US38-0873190
    Property summary
    AI-generated overview

    This exceptional 12,360 square foot commercial property at 320 Washington Street in Norwell, Massachusetts, presents a rare opportunity. Situated on a 0.99-acre lot, this building boasts convenient access to Route 53, a key thoroughfare in the area. A significant advantage is the presence of an elevator, a feature uncommon in buildings of this size in this location. The interior has recently undergone improvements, including fresh paint and new carpeting, creating a modern and inviting workspace. Individual units are available on the second floor, offering flexibility for various business needs. Each unit is equipped with energy-efficient mini-split heat pumps, providing both heating and cooling. Tenants are responsible for their own utilities. The building is fully wired for both FIOS and Xfinity high-speed internet services, ensuring seamless connectivity for any business. This property is ideal for a company seeking a well-maintained, conveniently located, and technologically advanced office space in the thriving Norwell market. The ample square footage and available second-floor units provide significant expansion potential. This is a unique opportunity to secure a highly desirable commercial space in a prime Norwell location. Contact us today to schedule a viewing.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1985
    Construction FRAME
    Total area 13,360 SF
    Lot 0.99 ac (43,100 SF)
    APN NORW M:31 L:1
    UPID US38-0873190
    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
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.12M
    Blend (final) Blend
    $1.10M
    Owner & transaction history
    320 Washington St. RT · 25 yrs held
    320 Washington St. RT
    since 2001
    7 recorded transactions
    2016
    2001
    $1.2M
    1998
    1990
    $725,000
    1988
    $1.4M
    1987
    $1.1M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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