Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    720 University Ave Norwood, MA 02062-2650

    • Office buildings
    • 81,539 SF
    • 22.71 lot acres
    OFF-MARKET
    Value Estimations
    $15,365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0366792
    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

    • MarathonLS / Laboratory Equipment Supplier
    • Analog Devices Inc / Association / Organization

    Property Details for 720 University Ave

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    22.71 lot acres
    Property size
    81,539 SF
    Property type
    Office buildings
    APN
    NORW M:00022 B:00011 L:00107
    APU
    NORWM00022B00011L00107

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $18,196,000
      Market price range: $13.0M - $36.9M
      AI Estimate
      $12,366,000
      Market price range: $8.14M - $23.2M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $23,920,000
      Current use
      RETAIL STORES
      $23,875,000
      Change: -0% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $23,425,000
      Change: -2% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Norwood
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.1713
    Latitude
    42.1971
    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
    $249,830
    $5,824,700
    $4,619,700
    $10,444,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,195,000
      16,960 SF

      10 Forbes Ave

      OFFICE BUILDING • 16,960 SF
      10 Forbes Ave, Norwood, MA 02062-3919
      View Details
    • Value Estimation
      $19,370,000
      103,972 SF

      100 Riv Rdg Dr

      OFFICE BUILDING • 103,972 SF
      100 Riv Rdg Dr, Norwood, MA 02062-5030
      View Details
    • Value Estimation
      $17,605,000
      91,982 SF

      1 Edgewater Dr

      OFFICE BUILDING • 91,982 SF
      1 Edgewater Dr, Norwood, MA 02062-4674
      View Details
    • Value Estimation
      $595,000
      1,224 SF

      212 Pleasant St

      OFFICE BUILDING • 1,224 SF
      212 Pleasant St, Norwood, MA 02062-4811
      View Details
    • Value Estimation by Request
      845 SF

      1095 Pleasant St

      OFFICE BUILDING • 845 SF
      1095 Pleasant St, Norwood, MA 02062-4609
      View Details
    • Value Estimation
      $910,000
      4,398 SF

      5 Walpole St

      OFFICE BUILDING • 4,398 SF
      5 Walpole St, Norwood, MA 02062-3351
      View Details

    Similar Nearby for Sale

    • $202,000

      Modern Office Condo For Sale

      981 sq ft office condo near Rt. 1 & I-95.
      77 Access Rd, Norwood, MA 02062
      View Details
    • Contact for pricing
      18,960 SF

      Prime Norwood Office Building

      18,960 SF, 95% Occupied, Multi-Tenant
      106 Access Rd, Norwood, MA 02062
      View Details
    • Contact for pricing

      Route 1 Development Opportunity

      Prime commercial property on Route 1 in Norwood, Massachusetts.
      885-905 Boston Providence Tpke, Norwood, MA 02062
      View Details
    • $1,595,000
      18,480 SF

      Retail Property in Norwood, MA

      Retail property available for sale in Norwood, Massachusetts.
      65 Cottage St E, Norwood, MA 02062
      View Details
    • $639,000

      Norwood Two-Family Home Opportunity

      Two-family home in Norwood, ideal for investors or owner-occupiers.
      42 Myrtle St, Norwood, MA 02062
      View Details
    • $200,000

      Norwood Land Development Opportunity

      Two lots totaling approximately 5 acres near highways and amenities.
      Deerfield Rd, Norwood, MA 02062
      View Details

    Similar Nearby for Lease

    • $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
      10,111 SF

      Norwood Office Space For Rent

      35,805 SF office building near University Station.
      10 Oceana Way, Norwood, MA 02062
      View Details
    • Contact for pricing
      2,632 SF

      Norwood Medical Office Space Available

      First class medical office space for rent in Norwood.
      115 Norwood Park S, Norwood, MA 02062
      View Details
    • $13 SF/Yr
      1,360 SF

      Norwood Office Space For Rent

      Office space available for lease in Norwood, Massachusetts.
      596 Pleasant St, Norwood, MA 02062
      View Details
    • Contact for pricing
      8,960 SF

      Move-In Ready Suburban Office Suites

      Newly renovated office suites centrally located between Boston and Providence.
      220-315 Norwood Park S, Norwood, MA 02062
      View Details
    • Contact for pricing
      3,500 SF

      Norwood Executive Office Suite

      Modern Office Condo, Flexible Lease Options
      1500 Providence Hwy, Norwood, MA 02062
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    720 University Ave
    Norwood, MA 02062-2650
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.