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Property profile & analytics
OFF-MARKET
Estimated value
$9,220,000
Investment properties
884 Washington St 920 Norwood, MA 02062-3470
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1897921
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,680 SF
Lot
3.94 ac (171,626 SF)
APN
NORW M:00002 B:00003 L:00003
UPID
US38-1897921
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
Current use
Occupant on record · Public records
-
Allure Design Landscaping (Bike/Boat/Book/etc) Store
-
Salon Divoe Hair Salon Nail Salon
-
Buffalo's Pizza & Subs Restaurant
-
Miller Chiropractic Offices, P.C. Alternative Medicine Practice
-
Cadence Academy Preschool Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.52M
Blend (final)
Blend
$9.22M
Owner & transaction history
Rama Norwood LLC · 5 yrs held
Rama Norwood LLC
since 2021
Last sale
$9.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.9M
+28.1%
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 Norwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwood 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
$9,440,000
ML approach
$10,395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,870,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$9.22M
Range $8.30M – $10.14M · ±10% · vs last sale $9.38M (May 24 2021)
Last sale anchor
$9.38M
May 24 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
$674 / 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 2016Property tax & assessments
Tax year 2016
Tax billed
$145,262
Tax year 2016
Assessed value
$7,705,900
Assessed 2024
Previous assessed
$7,705,900
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$1,901,300
Assessed improvement
$5,804,600
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
4
Stories
1
Units
9
Total area
13,680 SF
Lot
3.94 ac (171,626 SF)
APN
NORW M:00002 B:00003 L:00003
UPID
US38-1897921
Jurisdiction
NORWOOD
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.9M
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Units
9
Lot
3.94 ac
Current owner
From public records · entity-resolved
Rama Norwood LLC
Entity
Mailing address
21 HEYWOOD ST, WORCESTER, MA 01604-5406
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2021
$9,375,000
Rama Norwood LLC
Rama Shopping Center INC
Quit Claim Arm's Length For Ne States
$7,031,250 · Norwood Cooperative Bank
Jun 26, 2013
—
Rama Shopping Center INC
—
Deed Of Trust
related
$750,000 · Walpole Coop Bank
Sep 23, 2010
—
Rama Shopping Center INC
—
Deed Of Trust
related
$400,000 · Walpole Coop Bank
Feb 17, 1998
—
Rama Shopping Ctr
—
Deed Of Trust
related
$100,000 · Walpole Coop Bank
Feb 26, 1997
—
Rama Shopping Center
—
Deed Of Trust
related
$1,400,000 · Walpole Coop Bank
Sep 1, 1989
—
Rama Shopping Ctr INC
—
Deed Of Trust
related
$85,000 · Baybank Norfolk Cnty Tr
Jul 6, 1989
—
Rama Shopping Ctr INC
—
Deed Of Trust
related
$85,000 · Zwi Kohorn
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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