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    Property profile & analytics

    500 Washington St, Unit 508 Norwood, MA 02062-2200

    • Retail space
    • 8,900 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimation
    $560,000
    Location Intelligence
    Property ID
    US38-1004918
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Miracle-Ear Hearing Aid Center / Hearing Aid Store / Hearing Aid Repair Service
    • Aqua Nails Spa / Nail Salon
    • Salon Mia Bella / Beauty Salon
    • R J Smith Insurance Agency / Insurance Agency
    • Consumer Hearing Consultants Inc / Consultant

    Property Details for 500 Washington St

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.42 lot acres
    Property size
    8,900 SF
    Property type
    Retail space
    APN
    NORW M:00001 B:00008 L:00006
    APU
    NORWM00001B00008L00006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $590,000

    • CAP approach

      CAP return
      Estimation
      6%
      $470,000
      6.5%
      $430,000
      7%
      $470,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $415,000
      Geo Method
      $470,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $445,000
      Retail
      $460,000
      Mixed-Use
      $420,000
      Hospitality
      $515,000
      Educational
      $460,000
      Residential Income
      $485,000
      Energy
      $490,000
      Income-Based Land
      $510,000
      Food Service
      $420,000

    Location Insight

    • Map
    • Local Demand
    City
    Norwood
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.1991
    Latitude
    42.196
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $27,960
    $438,100
    $730,800
    $1,168,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      22,175 SF

      1369 Providence Hwy

      Individual retail properties • 22,175 SF
      1369 Providence Hwy, Norwood, MA 02062
      View Details
    • Value Estimation
      $2,270,000
      4,990 SF

      810 Boston Providence Tpke

      RETAIL STORES (PERSONAL SERVICES) • 4,990 SF
      810 Boston Providence Tpke, Norwood, MA 02062-4741
      View Details
    • Value Estimation
      $440,000
      2,048 SF

      210 Pleasant St

      RETAIL STORES (PERSONAL SERVICES) • 2,048 SF
      210 Pleasant St, Norwood, MA 02062-4811
      View Details
    • Value Estimation
      $345,000
      768 SF

      496 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 768 SF
      496 Washington St, Norwood, MA 02062-2312
      View Details
    • Value Estimation
      $565,000
      6,040 SF

      14-18 Central St

      RETAIL STORES (PERSONAL SERVICES) • 6,040 SF
      14-18 Central St, Norwood, MA 02062
      View Details
    • Value Estimation
      $465,000
      11,102 SF

      605 Washington St, Unit 613

      RETAIL STORES (PERSONAL SERVICES) • 11,102 SF
      605 Washington St, Norwood, MA 02062-2212
      View Details

    Similar Nearby for Sale

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      Retail property in a thriving community, ideal for various ventures.
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      Prime commercial property on Route 1 in Norwood, Massachusetts.
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    • $1,999,000
      10,084 SF

      Mixed-Use Property in Norwood

      Mixed-use property with restaurant and apartments in a prime location.
      1086-1088 Washington St, Norwood, MA 02062
      View Details
    • Contact for pricing
      2,610 SF

      Norwood Auto Repair Facility For Sale

      2,610 SF auto repair facility on 0.96 acres.
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    • $1,250,000

      Commercial Building with Multiple Tenants

      Commercial building configured for multiple tenants, can be delivered vacant.
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    Similar Nearby for Lease

    • $25 SF/Yr
      1,886 SF

      Versatile Retail Space in Norwood

      1,886 SF retail space with premium finishes and parking.
      650 Washington St, Norwood, MA 02062
      View Details
    • $2,000 /Mo

      Renovated Office/Retail Space Available

      Renovated 1,298 SF office/retail space in high-traffic location.
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      View Details
    • $25 SF/Yr
      6,258 SF

      Norwood Two-Story Building For Rent

      Two-story building in downtown Norwood with ample parking.
      157 Central St, Norwood, MA 02062
      View Details
    • Contact for pricing
      22,175 SF

      High-Visibility Norwood Retail Space

      Prime Route 1 Retail Opportunity, 2,175-16,000 SF
      1369 Providence Hwy, Norwood, MA 02062
      View Details
    • Contact for pricing
      22,377 SF

      Route One Retail Space Available

      High-traffic location with ample parking and clear span space.
      911 Boston Providence Tpke, Norwood, MA 02062
      View Details
    • $35 SF/Yr
      1,639 SF

      Norwood Center Retail/Office Space

      Renovated retail/office space with drive-thru potential in Norwood Center.
      699 Washington St, Norwood, MA 02062
      View Details
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    500 Washington St, Unit 508
    Norwood, MA 02062-2200
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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