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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Showrooms
59 Longwater Dr, Norwell, MA 02061-1611
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US38-1493968
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,958 SF
Lot
1.96 ac (85,378 SF)
APN
NORW M:18 L:62
UPID
US38-1493968
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
$1.33M
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.20M
Owner & transaction history
59 Longwater LLC · 10 yrs held
59 Longwater LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.9M
+13.9%
Auto repair, garage
$1.9M
+13.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,440,000
6.5%
$1,330,000
7%
$1,235,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,630,000
Current use
RETAIL STORES
$1,860,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,850,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10%
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
$134 / 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
$17,351
Tax year 2024
Assessed value
$1,289,100
Assessed 2024
Previous assessed
$1,287,500
+0.1% YoY
Effective rate
1.35%
On assessed value
Assessed land
$488,800
Assessed improvement
$800,300
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Bathrooms
3
Total area
8,958 SF
Lot
1.96 ac (85,378 SF)
APN
NORW M:18 L:62
UPID
US38-1493968
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
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
RETAIL STORES
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Bathrooms
3
Lot
1.96 ac
Current owner
From public records · entity-resolved
59 Longwater LLC
Entity
Mailing address
59 LONGWATER DR, NORWELL, MA 02061-1611
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2016
$1,030,000
59 Longwater LLC
59 Longwater Drive LLC
Quit Claim Deed
$849,000 · Citizens Bk/ma
Apr 1, 2008
—
59 Longwater Drive LLC
—
Deed Of Trust
related
$7,400,000 · Zions First National Bank
Jan 4, 2006
$1,600,000
59 Longwater Dr LLC
Medical Diagnostic Hea
Deed
$2,000,000 · Wachovia Bank NA
Apr 28, 2004
—
Medical Diagnostic Heath
—
Deed Of Trust
related
$315,000 · Rural Housing Service
Dec 29, 2003
$100,000
Propl P Deluca
Deluca,v Edward
Grant Deed
related
—
Oct 9, 2003
—
Medical Diagnostic Health
—
Deed Of Trust
related
$2,185,000 · Us Department Of Agriculture
Jul 16, 2003
$1,250,000
Medical Diagnostic Health
Deluca Prop L P
Grant Deed
—
May 31, 2002
$170,000
Properties LP Deluca
Rkp Int
Grant Deed
—
Apr 28, 2000
$1,050,000
Rkp Int
Deluca,v Edward
Grant Deed
$900,000 · Zenon Grzybowski
Sep 16, 1999
$1,100,000
V Edward Deluca
S Gunnar Myhrbeck Ret
Grant Deed
—
Jul 18, 1994
—
S Gunnear Myhrbeck Ret
—
Deed Of Trust
related
$390,000 · Citizens Bank Of Ma
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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