Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in Busy Plaza Title is generated by Realmo AI

    15-25 School St, Framingham, MA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in a busy plaza with ample parking.

    Type:RETAIL
    Property size:
    196 SF
    Lot size:
    2.24 Acres
    Added:
    Dec 18, 2023
    Days on Market:
    885
    Last Refresh:
    Apr 5 at 10:15 pm

    Property Features for 15-25 School St

    General Information

    Standard status
    Active
    Size
    196 SF
    Lot size
    2.24 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 15-25 School St Contact us

    We can help!

    Listing Contact
    Matt Quinlan
    Matt Quinlan

    Listing agent Matt Quinlan

    Listing office NAI | Parsons Commercial Group - Boston

    Listing date Dec 18, 2023

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of NAI | Parsons Commercial Group - Boston

    HighLights

    • Heavy daily vehicle traffic ensures great visibility.
    • Located in a busy retail plaza.
    • Plentiful parking available for customers and staff.
    • Suitable for many types of businesses.
    • Signage available to maximize exposure.
    • Handicap accessible.

    Overview

    This 196-square-foot retail space is located in a busy retail plaza with heavy daily vehicle traffic. The property features plentiful parking and signage opportunities. It is handicap accessible and benefits from on-site management. The previous use was a Bank of America ATM location. The space is suitable for many types of businesses.
    Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Framingham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3952
    Latitude
    42.32

    Nearby Similar for Lease

    • $129-$5,456/Mo
      11-1,292 SF

      MA, Framingham - Worcester Rd

      1101 Worcester Rd, Framingham, MA 01701
      View Details
    • Sponsored
      $129-$5,106/Mo
      11-1,292 SF

      Framingham

      945 Concord St, Unit Framingham Massachusetts United States of America 01701, Framingham, MA 01701
      View Details
    • $2,850/Mo
      2,848 SF

      Framingham Professional Office Space Available

      Professional office space for lease in a prime Framingham location.
      95 Lincoln St, Framingham, MA 01702
      View Details
    • $650/Mo
      440 SF

      Framingham Office Space For Lease

      Office space available in a multi-use building in Framingham.
      61 Nicholas Rd #7, Framingham, MA 01701
      View Details
    • $28 SF/Yr
      4,000 SF

      Prime Retail/Office Space on Route 9

      High-traffic location suitable for retail, office, or medical uses.
      271 Worcester Rd C, Framingham, MA 01701
      View Details
    • $650/Mo
      440 SF

      Framingham Office Space For Lease

      Office space for lease in a multi-use building.
      61 Nicholas Rd 7, Framingham, MA 01701
      View Details
    • $14 SF/Yr
      8,500 SF

      Framingham School/Office Space Available

      Unique, quiet setting suitable for school or office use.
      50 Pamela Rd, Framingham, MA 01701
      View Details
    • $35 SF/Yr
      2,400 SF

      Retail Space on Route 9

      Shared retail space available on busy Route 9.
      235 Worcester Rd 1, Framingham, MA 01701
      View Details
    • $650/Mo
      440 SF

      Framingham Office Space For Lease

      440 SF office space in multi-use building for lease.
      61 Nicholas Rd #7, Framingham, MA 01701
      View Details
    • $2,200/Mo
      2,518 SF

      Medical Office Space Near Hospital

      Move-in ready medical office space near Metrowest Medical Center.
      140 Lincoln St., Framingham, MA 01702
      View Details
    • $20 SF/Yr
      2,800 SF

      Framingham Office Space For Lease

      2,800 Sq. Ft. office space available for lease.
      235 Walnut St, Framingham, MA 01702
      View Details
    • $6,500/Mo

      Framingham Auto Repair Shop For Rent

      Auto repair shop with equipment and ample parking available for rent.
      14 Waverly Street, Framingham, MA 01702
      View Details

    FAQs

    What type of property is this?
    Bank - Retail space available in a busy plaza with ample parking.
    Where is this bank located?
    The property is located at 15-25 School St Framingham, MA.
    What are key features of this property?
    This property features: Heavy daily vehicle traffic ensures great visibility.; Located in a busy retail plaza.; Plentiful parking available for customers and staff.
    (978) 790-2865 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matt Quinlan
    Matt Quinlan
    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

    Thank You for Inquiry
    15-25 School St, Framingham, MA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!