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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    885 Boston Providence Tpke, Unit 905 Norwood, MA 02062-4710

    • Commercial real estate
    • 2,760 SF
    • 1.27 lot acres
    OFF-MARKET
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    4.3%
    Commercial real estate
    Location Intelligence
    Property ID
    US38-1827666
    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

    • Commercial real estate

    Property Details for 885 Boston Providence Tpke

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.27 lot acres
    Property size
    2,760 SF
    Property type
    Commercial real estate
    APN
    NORW M:00017 B:00011 L:0002A
    APU
    NORWM00017B00011L0002A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $620,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $445,000
      6.5%
      $410,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $598,000
      Market price range: $147k - $598k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $890,000
      OFFICE BUILDING
      $810,000
      RETAIL STORES
      $810,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwood
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.1891
    Latitude
    42.1816
    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
    2020
    $43,142
    $912,600
    $1,074,800
    $1,987,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      22,175 SF

      1369 Providence Hwy

      Individual retail properties • 22,175 SF
      1369 Providence Hwy, Norwood, MA 02062
      View Details
    • Value Estimation by Request
      2,240 SF

      971 Boston Providence Tpke

      COMMERCIAL (GENERAL) • 2,240 SF
      971 Boston Providence Tpke, Norwood, MA 02062-4719
      View Details
    • Value Estimation
      $1,910,000
      14,800 SF

      390 Boston Providence Tpke

      SHOW ROOM, WAREHOUSE • 14,800 SF
      390 Boston Providence Tpke, Norwood, MA 02062-3933
      View Details
    • Value Estimation
      $12,950,000
      54,792 SF

      277 Boston Providence Tpke

      COMMERCIAL (GENERAL) • 54,792 SF
      277 Boston Providence Tpke, Norwood, MA 02062-3932
      View Details
    • Value Estimation
      $3,375,000
      24,010 SF

      1120 Boston Providence Tpke

      COMMERCIAL (GENERAL) • 24,010 SF
      1120 Boston Providence Tpke, Norwood, MA 02062-5018
      View Details
    • Value Estimation by Request
      113,973 SF

      130 Nahatan St

      COMMERCIAL (GENERAL) • 113,973 SF
      130 Nahatan St, Norwood, MA 02062
      View Details

    Similar Nearby for Sale

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      0.05 Acres

      Prime Norwood Retail Space

      High-visibility corner lot, 3,441 sq ft.
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    • $2,450,000
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      Norwood Industrial Building - Great Potential

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      Modern Office Condo For Sale

      981 sq ft office condo near Rt. 1 & I-95.
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    • 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
    • $1,199,000

      Well-Maintained Multifamily in Norwood Center

      Three-family property near transportation, shops, and dining in Norwood Center.
      232-234 Nahatan St, Norwood, MA 02062
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    Similar Nearby for Lease

    • Contact for pricing
      3,500 SF

      Norwood Executive Office Suite

      Modern Office Condo, Flexible Lease Options
      1500 Providence Hwy, Norwood, MA 02062
      View Details
    • $20 SF/Yr
      1,865 SF

      Executive Office Suites Norwood

      Prime Norwood Office Space Available
      1 Walpole St, Norwood, MA 02062
      View Details
    • Contact for pricing
      98,913 SF

      Industrial Space with Yard

      98,913 SF available with yard and trailer parking.
      625 University Ave, Norwood, MA 02062
      View Details
    • Contact for pricing
      1,686 SF

      Office Space in Norwood, MA

      Office space available for rent in Norwood, Massachusetts.
      45 Walpole St, Norwood, MA 02062
      View Details
    • $20 SF/Yr
      1,350 SF

      Office Space Available For Rent

      Office space for rent with 1350 square feet area.
      886 Washington St, Norwood, MA 02062
      View Details
    • $25 SF/Yr
      1,886 SF

      Versatile Retail Space in Norwood

      1,886 SF retail space with premium finishes and parking.
      650 Washington St, Norwood, MA 02062
      View Details
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    885 Boston Providence Tpke, Unit 905
    Norwood, MA 02062-4710
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    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
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