Entity Owned 
For Sale
Contact for pricing
83 Morse St, Norwood, MA 02062
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Property summary
AI-generated overview
The property in Norwood, Massachusetts includes a restaurant space of approximately 4,695 square feet configured across multiple levels and designed to accommodate seating for more than 125 patrons. The restaurant is located within the same building as Luke Adams Glass, a glass-blowing facility that also hosts glass-blowing classes and manufactures custom glass pieces. The space is intended to be completed as a prepared restaurant buildout, with main kitchen equipment already planned as part of the interior installation. The property includes a beer and wine licensing component and provides additional mezzanine space and an outdoor patio area.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
69,004 SF
Lot
2.68 ac (116,850 SF)
APN
NORW M:00010 B:0004H L:00034
UPID
US38-0565932
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
-
IT Consulting Firm Tech Support Center
-
Hardware & Home Improvement
-
Hardware & Home Improvement Construction Company
-
Department Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.32M
Blend (final)
Blend
$1.39M
Owner & transaction history
since 2016
3 recorded transactions
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 11 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.39M
Value range
$1.25M – $1.53M
±10% around blend
Estimated value / SF
$20 / SF
Confidence
High
11 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
100
$1.25M
blend $1.39M
$1.53M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
69,004 SF
Lot area
2.68 ac
Year built
1925
Stories
1
APN
NORW M:00010 B:0004H L:00034
Assessed value
$2,714,000
Annual tax
$64,919
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$15.76M
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.0 mi away · 58,352 SF
7.9 mi away · 70,800 SF
9.4 mi away · 72,480 SF
17.0 mi away · 65,700 SF
18.5 mi away · 88,625 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.39M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 93 sales
$173
-88%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $20/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.71M
Move the market yield to see immediate price impact.
Value / SF
$39
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$171k
$3.42M
$2.44M
$1.90M
$190k
$3.80M
$2.71M
$2.11M
$209k
$4.18M
$2.99M
$2.32M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$8.51M
4.8 mi · Feb 2026 · $171/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$64,919
Tax year 2024
Assessed value
$2,714,000
Assessed 2024
Previous assessed
$2,714,000
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$892,700
Assessed improvement
$1,821,300
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
1
Stories
1
Total area
69,004 SF
Lot
2.68 ac (116,850 SF)
APN
NORW M:00010 B:0004H L:00034
UPID
US38-0565932
Jurisdiction
NORWOOD
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Building & site characteristics
From public records
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
1
Lot
2.68 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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