Property profile

400 Cordwainer Dr Norwell, MA 02061

FOR SALE
Commercial land
Property ID
US38-2084464
2.87 ac lot
Individually Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2.87-acre parcel, located at 400 Cordwainer Drive in Norwell, Massachusetts (zip code 02061), presents a compelling investment opportunity. Situated in Accord Park, this commercially and industrially zoned land offers significant potential for development. The property boasts a total land area of over 125,147 square feet, with a proposed building area of over 20,300 square feet for a single-story structure. The convenient location provides easy access to Route 3 via Exit 35 (Old Exit 14), ensuring excellent visibility and accessibility for any future development. The property is serviced by municipal water and sewer, eliminating the need for costly septic system installation. The Business C zoning designation opens up a wide range of development possibilities, making this a highly versatile and attractive property for a variety of commercial or industrial uses. This prime location in Plymouth County offers a unique chance to establish a thriving business in a desirable area of Massachusetts. The asking price for this exceptional property is $1,300,000.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.87 ac (125,017 SF)
APN NORW M:17 L:87
UPID US38-2084464

Cap rate & NOI

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

Location

400 Cordwainer Dr Norwell, MA 02061
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
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2005
1 recorded transaction
2005
$500,000

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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