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    Property profile & analytics

    83 Morse St Norwood, MA 02062-4351

    • Warehouses
    • 69,004 SF
    • 2.68 lot acres
    OFF-MARKET
    Value Estimation
    $1,335,000
    Location Intelligence
    Property ID
    US38-0565932
    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

    • Clarity Experiences / Audio Visual Consultant
    • The Drawer Guy / Shelving Store
    • The Restoration Operators / Water Damage Restoration Service / Fire Damage Restoration Service
    • Night Knight / Store

    Property Details for 83 Morse St

    Year built
    1925
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.68 lot acres
    Property size
    69,004 SF
    Property type
    Warehouses
    APN
    NORW M:00010 B:0004H L:00034
    APU
    NORWM00010B0004HL00034

    Description

    This exceptional turnkey restaurant opportunity is located at 83 Morse Street in Norwood, Massachusetts, 02062. The 4,695 square foot space, part of a larger 69,004 square foot building constructed in 1925 and extensively renovated in 2024, offers a unique chance for a seasoned operator. Situated within a building also housing a prominent glass blowing factory, this multi-level space is designed to accommodate over 125 patrons. The restaurant will be fully equipped with all major kitchen equipment upon completion in Fall/Winter 2024. This presents a rare chance to establish a thriving business in a vibrant location without the extensive upfront costs associated with building out a kitchen. The space's prime location and the building's unique character offer significant potential for attracting a diverse clientele. A key money requirement of $100,000 is in place. This is a retail space within a multi-tenant building.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,390,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,250,000
      6.5%
      $1,315,000
      7%
      $1,395,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,345,000
      Geo Method
      $1,215,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,545,000
      Retail
      $1,480,000
      Mixed-Use
      $1,385,000
      Hospitality
      $1,250,000
      Educational
      $1,555,000
      Residential Income
      $1,510,000
      Energy
      $1,305,000
      Income-Based Land
      $1,350,000
      Food Service
      $1,485,000

    Location Insight

    • Map
    • Local Demand
    City
    Norwood
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2059
    Latitude
    42.1721
    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
    $64,919
    $892,700
    $1,821,300
    $2,714,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
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      153 Morse St

      WAREHOUSE, STORAGE • 8,791 SF
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      WAREHOUSE, STORAGE • 59,793 SF
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    • Value Estimation by Request
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      505 University Ave

      WAREHOUSE, STORAGE • 71,420 SF
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      View Details

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    83 Morse St
    Norwood, MA 02062-4351
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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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