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Property profile & analytics
OFF-MARKET
Estimated value
$9,035,000
Warehouses
50 Commerce Way, Norton, MA 02766-3322
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0643481
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
FRAME
Total area
42,177 SF
Lot
13.68 ac (595,901 SF)
APN
NORT M:25 P:87
UPID
US38-0643481
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
Current use
Occupant on record · Public records
-
MHM Service Inc Crisis Center Medical Clinic
-
Poland Spring Bottled Water Delivery Norton Big Box & Wholesale Store
-
ReadyRefresh - Contactless Delivery Available! Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.76M
CAP Approach
CAP
$8.41M
Comparable Approach
Comparable
$8.01M
Blend (final)
Blend
$9.04M
Owner & transaction history
Alp Arc V Gbi 50 Comm · 4 yrs held
Alp Arc V Gbi 50 Comm
since 2022
Last sale
$9.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.9M
+77.0%
Auto repair, garage
$7.5M
+34.5%
Retail stores
$6.9M
+24.0%
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 Norton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norton 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
$11,985,000
ML approach
$10,760,000
CAP Approach
CAP Return
Estimation
6%
$9,105,000
6.5%
$8,405,000
7%
$7,805,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,580,000
Current use
RESTAURANT
$9,870,000
Change: +77% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,505,000
Change: +35% · Conversion: Easy
RETAIL STORES
$6,920,000
Change: +24% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$6,755,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$6,445,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,440,000
Change: +15% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,285,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$9.04M
Range $8.13M – $9.94M · ±10% · vs last sale $9.00M (Jun 7 2022)
Last sale anchor
$9.00M
Jun 7 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
$214 / 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
$94,854
Tax year 2024
Assessed value
$6,853,600
Assessed 2024
Previous assessed
$6,704,900
+2.2% YoY
Effective rate
1.38%
On assessed value
Assessed land
$1,803,000
Assessed improvement
$5,050,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
GAS
Buildings
1
Stories
1
Total area
42,177 SF
Lot
13.68 ac (595,901 SF)
APN
NORT M:25 P:87
UPID
US38-0643481
Jurisdiction
NORTON
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
WAREHOUSE, STORAGE Current
Est. value
$5.6M
RESTAURANT
Est. value
$9.9M
AUTO REPAIR, GARAGE
Est. value
$7.5M
RETAIL STORES
Est. value
$6.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.8M
OFFICE BUILDING
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$6.3M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1989
Construction
FRAME
Heating
GAS
Stories
1
Buildings
1
Lot
13.68 ac
Current owner
From public records · entity-resolved
Alp Arc V Gbi 50 Comm
Individual
Mailing address
68 S SERVICE RD STE #120, MELVILLE, NY 11747-2350
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2025
—
Alp-arc V Gbi-10 Commerce
—
Deed
related
$1 · Alp Arc V Gbi Barnett
Jun 13, 2025
—
Alp-arc V Gbi-barnett Ope
—
Deed
related
$700,000,000 · German American Capital Corp
Jun 7, 2022
$9,000,000
Alp Arc V Gbi 50 Comm
50-56 Bclp Commerce Owner
Quit Claim Arm's Length For Ne States
$1,184,330 · Invesco Cmi Investments LP
Dec 21, 2020
—
50-56 Bclp Commerce Owner
—
Deed
related
$63,700,000 · Us Bank NA
Jul 2, 2020
$4,600,000
50-56 Bclp Cmrc Owner
Maind Ll LLC
Quit Claim Deed
—
Apr 4, 2017
$4,015,074
Maind Ll LLC
Norton Commerce Center 15
Quit Claim Deed
—
Jul 13, 2007
$5,228,720
Norton Commerce 50 LLC
Norton Springs Nt
Grant Deed
—
Jan 5, 1998
$3,100,000
Norton Springs Nt
Flatley,thomas J
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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