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Property profile & analytics
FOR LEASE
Banks
69 Washington St Norwell, MA 02061
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1821122
For Lease
1 / 2
$2,265,000
69 Washington St, Norwell, MA 02061
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2007
Construction
STEEL FRAME
Total area
3,744 SF
Lot
0.91 ac (39,722 SF)
APN
NORW M:12 L:20
UPID
US38-1821122
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
$2.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$2.27M
Owner & transaction history
Obc Norwell LLC · 4 yrs held
Obc Norwell LLC
since 2021
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,260,000
ML approach
$2,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.27M
Range $2.04M – $2.49M · ±10% · vs last sale $2.25M (Oct 28 2021)
Last sale anchor
$2.25M
Oct 28 2021
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
$605 / 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
$22,898
Tax year 2024
Assessed value
$1,701,200
Assessed 2024
Previous assessed
$1,221,500
+39.3% YoY
Effective rate
1.35%
On assessed value
Assessed land
$491,700
Assessed improvement
$1,209,500
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Bathrooms
2
Total area
3,744 SF
Lot
0.91 ac (39,722 SF)
APN
NORW M:12 L:20
UPID
US38-1821122
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
Building & site characteristics
From public records
Year built
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Bathrooms
2
Lot
0.91 ac
Current owner
From public records · entity-resolved
Obc Norwell LLC
Entity
Mailing address
777 3RD AVE, NEW YORK, NY 10017-1401
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2021
$2,250,000
Obc Norwell LLC
Norwell Fab LLC
Quit Claim Arm's Length For Ne States
$1,800,000 · Union Savings Bank
Jul 19, 2018
—
Norwell Fab LLC
—
Deed
related
$3,200,000 · Harborone Bank
Jul 13, 2018
—
Norwell-fab LLC
Finagle Land LLC
Quit Claim Deed
related
—
Jun 3, 2002
—
Finalge Land LLC
—
Deed Of Trust
related
$2,718,750 · Sovereign Bank
Oct 30, 2001
$272,000
David M Johnson
Sherman,jonathan
Grant Deed
$217,600 · First Alliance Bank &trust
Oct 30, 2001
—
David M Johnson
—
Deed Of Trust
related
$40,800 · First Alliance Bank Fsb
Apr 7, 2000
—
Finagle Land LLC
—
Deed Of Trust
related
$1,120,000 · Zuckerman Family Nomi
Mar 30, 2000
$1,300,000
Finagle Land LLC
Citizens Bank Of Ma
Grant Deed
$1,120,000 · Zuckerman Family Nomi
Jul 12, 1993
$489,000
Braintree Sb
Pioneer Financial INC
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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