Property profile

650 Washington St 656 Norwood, MA 02062

OFF-MARKET
Retail space
Property ID
US38-0820242
3,672 SF 0.12 ac lot Built 1935
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

A 1,886-square-foot retail space located in Downtown Norwood. The property was formerly used as a high-end yoga studio and is configured with a flexible open floor plan. It includes built-in audio and visual infrastructure, high-end lighting, a sound system, and newer flooring, along with renovated floors and custom lighting elements. Large storefront windows provide natural light and street-level product visibility. The interior is suitable for uses such as fitness/wellness-related businesses or event-focused spaces. Off-street parking is available for customers and employees, including one designated parking space associated with the space.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1935
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,672 SF
Lot 0.12 ac (5,168 SF)
APN NORW M:00001 B:00006 L:00005
UPID US38-0820242

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Gym & Fitness Center

Location

650 Washington St, Unit 656 Norwood, MA 02062-3546
Norwood metro Census 413401 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$430k
CAP Approach CAP
$960k
Comparable Approach Comparable
by Request
Blend (final) Blend
$430k

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
2009
$1

Zoning & alternative use

Top alternative use upside
Office building $1.1M +0.2%

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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