Given n regular points in the Euclidean plane, the node-weighted Steiner minimum tree (NWSMT) is a straight line network interconnecting these n regular points and some Steiner points with a minimum cost, where the cost of the network is the sum of the edge lengths plus the total cost of the Steiner points. In 1995,  proved that a tight upper bound on the maximum degree of Steiner points in a NWSMT is 4. In 1996,  used this result to propose a modified Melzak procedure for computing a NWSMT. However, that procedure requires exponential time to compute a minimum cost network under a given topology. In this paper, we prove that there exists a NWSMT in which the maximum degree of regular points is no more than 5 and that this upper bound is tight. For a given topology interconnecting n regular points, we show that the Xue-Ye algorithm  for minimizing a sum of Euclidean norms can be used to compute an (1 + ε)-approximation of the minimum cost network in n1.5(log n + log 1/ε time for any positive ε. These results enable an algorithm that computes a NWSMT by enumerating all the possible Steiner topologies. We prove a bounding theorem that can be used in a branch-and-bound algorithm and present preliminary computational experience.