Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5 Fisher Street unit C2 Franklin, MA 02038

    View on Map
    For Lease
    $10 SF/Yr

    COMMERCIAL - Franklin, MA

    Added:
    Aug 13, 2025
    Days on Market:
    232
    Last Refresh:
    Apr 1 at 5:06 am

    Property Features for 5 Fisher Street unit C2

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    MBI
    Standard status
    Active
    APN
    278016000000

    Taxes and HOA fees

    TaxYear
    2023
    TaxAnnualAmount
    25062

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Bill Wright

    Listing agent Bill Wright

    Listing office REMAX Executive Realty 308 W Central Street, Suite E, Franklin, MA

    Listing date Aug 13, 2025

    MLS# 73417641

    Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Franklin Commercial Space For Rent

    This commercial property in Franklin, Massachusetts, offers flex and industrial space. The property features exposed brick and beam office space and includes one loading dock. The ceiling height is 16'6". The electrical capacity is 3000 amps, 480V, 3 phase. The property will be available 1/31/26.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Washing Machine Pads Industrial Manufacturer

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Moonlight Chef LLC — 140 Dean Ave, Franklin, MA 02038

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.40628
    Latitude
    42.083855

    Nearby Similar for Lease

    • Contact for pricing

      Professional Office Space For Rent

      Bright office space with shared amenities in Franklin, MA.
      36 E Central St unit: 107, Franklin, MA 02038
      View Details
    • $18/mo

      Downtown Franklin Retail/Office Space

      Prime retail/office space with patio in downtown Franklin.
      9 Summer St unit: 102, Franklin, MA 02038
      View Details
    • $20/mo

      Office Space Near Route 495

      First-class office space with convenient highway access and ample parking.
      1000 Franklin Village Drive unit: 304, Franklin, MA 02038
      View Details
    • Contact for pricing

      Prime ATM Space Available

      High-visibility ATM space in a thriving retail area.
      435 W Central St unit: Atm, Franklin, MA 02038
      View Details
    • $20/mo

      First Class Office Space

      Office space with private offices, reception, and conference room.
      1000 Franklin Village Drive unit: 305, Franklin, MA 02038
      View Details
    • $10/mo

      Franklin Commercial Flex Space Available

      Flex space available for lease in Franklin, Massachusetts.
      5 Fisher Street unit: C1, Franklin, MA 02038
      View Details
    • $9/mo

      Franklin Warehouse with Loading Docks

      Industrial warehouse space featuring loading docks and drive-in doors.
      5 Fisher Street unit: Ab, Franklin, MA 02038
      View Details
    • $19/mo

      Office Space in Busy Center

      First-class office space with convenient highway access and ample parking.
      500 Franklin Village Drive unit: 205, Franklin, MA 02038
      View Details
    • $8/mo

      Warehouse Space Available For Rent

      6,250 SF warehouse space for rent, $8 psf + utilities.
      305 Union St E300, Franklin, MA 02038
      View Details
    • Contact for pricing

      Retail Space in Franklin Center

      Retail space available within a premier shopping center.
      250 Franklin Village Drive, Franklin, MA, 02038
      View Details
    • $17/mo

      Downtown Retail/Office Space Available

      895 SF retail or office space in central business district.
      16 Cottage St unit: 3, Franklin, MA 02038
      View Details
    • $19/mo

      First Class Office Space

      Office space for lease in busy shopping center.
      500 Franklin Village Drive unit: 204, Franklin, MA 02038
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex/industrial space with exposed brick and loading dock.
    Where is this flex space located?
    The property is located at 5 Fisher Street unit C2 Franklin, MA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: High ceiling (16'6"); Substantial electrical capacity (3000 amps, 480V, 3 phase); Benefit from a loading dock for easy operations.
    (508) 520-9696
    We can help!
    Listing Contact
    Bill Wright
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!