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Property profile & analytics
OFF-MARKET
Estimated value
$14,495,000
Automotive properties
391 Boston Providence Tpke Norwood, MA 02062-3932
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1822554
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
37,768 SF
Lot
3.02 ac (131,551 SF)
APN
NORW M:00019 B:00014 L:00001
UPID
US38-1822554
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
$11.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.58M
Blend (final)
Blend
$14.50M
Owner & transaction history
Dcd Re 391 Noma LLC · 4 yrs held
Dcd Re 391 Noma LLC
since 2021
Last sale
$14.8M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.2M
+33.3%
Commercial (general)
$12.7M
+4.1%
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
$19,955,000
ML approach
$11,345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$12,160,000
Current use
RESTAURANT
$16,210,000
Change: +33% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,655,000
Change: +4% · Conversion: Moderate
OFFICE BUILDING
$11,080,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$11,060,000
Change: -9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$10,850,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$14.50M
Range $13.05M – $15.94M · ±10% · vs last sale $14.80M (Dec 3 2021)
Last sale anchor
$14.80M
Dec 3 2021
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
$384 / 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
$150,782
Tax year 2024
Assessed value
$6,303,600
Assessed 2024
Previous assessed
$6,303,600
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$2,733,800
Assessed improvement
$3,569,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
37,768 SF
Lot
3.02 ac (131,551 SF)
APN
NORW M:00019 B:00014 L:00001
UPID
US38-1822554
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
AUTO REPAIR, GARAGE Current
Est. value
$12.2M
RESTAURANT
Est. value
$16.2M
COMMERCIAL (GENERAL)
Est. value
$12.7M
OFFICE BUILDING
Est. value
$11.1M
RETAIL STORES
Est. value
$11.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.9M
AUTO REPAIR, GARAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
3.02 ac
Current owner
From public records · entity-resolved
Dcd Re 391 Noma LLC
Entity
Mailing address
128 CARNEGIE ROW STE #200, NORWOOD, MA 02062-5162
Ownership since
2021
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
Dec 3, 2021
$14,800,000
Dcd Re 391 Noma LLC
391 Providence Hwy LLC
Quit Claim Arm's Length For Ne States
$11,262,500 · M & T Bank
Aug 5, 2010
$1
391 Providence Hwy LLC
Clay Family LP
Grant Deed
—
Mar 8, 2006
$3,628,820
Nissan Norwood Realty LLC
Nahatan Commerce Pk LLC
Grant Deed
$12,000,000 · Citizens Bank Of Nh
Mar 8, 2006
—
Nissan Norwood Rlty LLC
—
Deed Of Trust
related
$12,000,000 · Citizens Bank Of Nh
Oct 11, 1991
—
Clay Family LP
—
Deed Of Trust
related
$1,377,000 · Gmac Mortgage Corp Pa
Feb 27, 1989
$1,400,000
Clay Family LP
Clay,clarence B
Grant Deed
related
—
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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