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

    1000 Franklin Village Dr Franklin, MA 02038

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $20 SF/Yr

    First-class office space with Route 495 visibility and convenient access.

    Lot size:
    2.71 Acres

    Property Features for 1000 Franklin Village Dr

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    2.71 Acres

    Building Details

    Year built
    1987

    We can help!

    Listing Contact
    Casey Killam
    Source: Elliman

    Listing Agent: Casey Killam

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Premium Office Space Available Now

    This first-class office space overlooks Route 495 and is conveniently located just off Route 495 at exit #17. The space, consisting of Suites 304 and 305, totals 7114 square feet and includes private offices, a reception area with a coffee station, and a large conference room. The building features sprinklers and an elevator. Generous on-site parking is available. The lease rate is negotiable, with the tenant responsible for electricity and shared public restrooms. The space is available immediately.
    Location Intelligence

    Current Use by Public Records

    Sunpro Real Estate Agency FedEx Drop Box Postal Service Danielle McCarthy Real ... Real Estate Agency Leasing Associates Inc Loan Service SP Images, Inc Corporate Office

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.4241548
    Latitude
    42.0899818

    Nearby Similar for Lease

    • $500 /Mo
      315 SF

      Professional Office Space Available

      Professional office space for small businesses, available immediately.
      36 E Central St, Franklin, MA 02038
      View Details
    • $17 SF/Yr
      850 SF

      Downtown Retail/Office Space Available

      895 SF retail or office space in central business district.
      16 Cottage St, Franklin, MA 02038
      View Details
    • $850 /Mo
      255 SF

      Professional Office Space For Rent

      Bright office space with shared amenities in Franklin, MA.
      36 E Central St, Franklin, MA 02038
      View Details
    • $18 SF/Yr
      1,872 SF

      Downtown Franklin Retail/Office Space

      Prime retail/office space with patio in downtown Franklin.
      9 Summer St, Franklin, MA 02038
      View Details
    • $1,600 /Mo
      200 SF

      Prime ATM Space Available

      High-visibility ATM space in a thriving retail area.
      435 W Central St, Franklin, MA 02038
      View Details
    • $10 SF/Yr

      Franklin Warehouse Space For Lease

      73,805 SF warehouse space available in Franklin, MA.
      5 Fisher St, Franklin, MA 02038
      View Details
    • $20 SF/Yr
      118,048 SF

      Office Space Near Route 495

      First-class office space with convenient highway access and ample parking.
      1000 Franklin Village Dr, Franklin, MA 02038
      View Details
    • $20 SF/Yr
      118,048 SF

      First Class Office Space

      Office space with private offices, reception, and conference room.
      1000 Franklin Village Dr, Franklin, MA 02038
      View Details
    • $8 SF/Yr
      233,917 SF

      Franklin Warehouse Space for Lease

      6,250 SF warehouse space available for lease in Franklin.
      305 Union St, Franklin, MA 02038
      View Details
    • $9 SF/Yr

      Franklin Warehouse with Loading Docks

      Industrial warehouse space featuring loading docks and drive-in doors.
      5 Fisher St, Franklin, MA 02038
      View Details
    • $19 SF/Yr
      1,216,195 SF

      First Class Office Space

      Office space for lease in busy shopping center.
      500 Franklin Village Dr, Franklin, MA 02038
      View Details
    • $10 SF/Yr

      Franklin Commercial Space For Rent

      Flex/industrial space with exposed brick and loading dock.
      5 Fisher St, Franklin, MA 02038
      View Details

    FAQs

    What type of property is this?
    Office units - First-class office space with Route 495 visibility and convenient access.
    Where is this office units located?
    The property is located at 1000 Franklin Village Dr Franklin, MA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Convenient location just off Route 495 at exit #17 with high visibility overlooking Route 495.; - **7114 SF of first-class office space.**; - Includes private offices, reception area with coffee station, and a large conference room.
    (774) 287-2084
    Request Owner's contact information
    1000 Franklin Village Dr Franklin, MA 02038
    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.
    1000 Franklin Village Dr
    Franklin, MA 02038
    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
    1000 Franklin Village Dr Franklin, MA 02038
    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

    We can help!
    Listing Contact
    Casey Killam
    Real Estate License ID: 9515907
    (774) 287-2084
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!