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Property profile & analytics
OFF-MARKET
Estimated value
$18,750,000
Grocery and convenience stores
468 Washington St, Norwell, MA 02061-2006
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-0413648
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
66,834 SF
Lot
13.03 ac (567,587 SF)
APN
NORW M:34 L:16
UPID
US38-0413648
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
$16.90M
Comparable Approach
Comparable
$18.43M
Blend (final)
Blend
$18.75M
Owner & transaction history
Bbk Norwell LLC · 3 yrs held
Bbk Norwell LLC
since 2022
Last sale
$23.6M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.6M
+27.1%
Office building
$16.8M
+21.2%
Industrial (general)
$15.2M
+9.5%
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
$20,500,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,300,000
6.5%
$16,895,000
7%
$15,685,000
Alternative Use
Use
Estimation
RETAIL STORES
$13,865,000
Current use
RESTAURANT
$17,620,000
Change: +27% · Conversion: Easy
OFFICE BUILDING
$16,800,000
Change: +21% · Conversion: Easy
INDUSTRIAL (GENERAL)
$15,175,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,820,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,170,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$18.75M
Range $16.88M – $20.63M · ±10% · vs last sale $23.60M (Aug 31 2022)
Last sale anchor
$23.60M
Aug 31 2022
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
$281 / 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
$188,514
Tax year 2024
Assessed value
$14,005,500
Assessed 2024
Previous assessed
$12,209,200
+14.7% YoY
Effective rate
1.35%
On assessed value
Assessed land
$3,294,100
Assessed improvement
$10,711,400
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
10
Total area
66,834 SF
Lot
13.03 ac (567,587 SF)
APN
NORW M:34 L:16
UPID
US38-0413648
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
RETAIL STORES Current
Est. value
$13.9M
RESTAURANT
Est. value
$17.6M
OFFICE BUILDING
Est. value
$16.8M
INDUSTRIAL (GENERAL)
Est. value
$15.2M
AUTO REPAIR, GARAGE
Est. value
$13.8M
COMMERCIAL (GENERAL)
Est. value
$12.2M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
10
Lot
13.03 ac
Current owner
From public records · entity-resolved
Bbk Norwell LLC
Entity
Free & Clear · 3 yrs held
Mailing address
950 TOWER LN STE #1900, FOSTER CITY, CA 94404-2131
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2022
$23,600,000
Bbk Norwell LLC
Trt Norwell LLC
Quit Claim Arm's Length For Ne States
—
Oct 19, 2007
$18,360,390
Trt Norwell LLC
Tedeschi Norwell LLC
Grant Deed
—
Sep 20, 2002
—
Tedeschi Norwell LLC
—
Deed Of Trust
related
$10,000,000 · John Hancock Life Ins
Aug 22, 1996
—
William J Murphy JR.
—
Deed Of Trust
related
$697,000 · South Weymouth Savings Bank
Sep 13, 1994
$900,000
William J Murphy JR.
Norwell Commons RT
Grant Deed
—
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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