First-Floor Medical Office
For Sale
Contact for pricing
233 W Central St Unit 1, Franklin, MA 02038
First-floor suite with four private offices, open area, kitchen/break room, and private restroom.
Property Size1,442 SF
Price / SF$0.01
Days on Market96
Property Features for 233 W Central St Unit 1
General Information
Standard status
Active
Size
1,442 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
2010
Listing Agency:
REMAX Executive Realty
(508) 520-9696
Listed By:
Eileen A. Mason · License #9072191
(508) 330-4234
Source:
Lockandkeyre
Added: Jul 16
Changed: Oct 19
Last Checked: Oct 19 at 10:33AM
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 REMAX Executive Realty
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Investment Insights
Based on property information with market context.
Exceptional first-floor professional office space is available starting September 1, 2026. The unit includes four private offices plus a large open floor plan, along with storage and a kitchen/break room. The suite has one restroom in the unit and access to shared restrooms on the first and second floors via elevator or staircase. Utilities are separately metered, including gas heat and electricity, and the unit offers choice of internet/cable services.
The location is described as high visibility on Rte 140 in Franklin, with easy access to the Rte 495 Exit 43. The building is noted as “easy to find” and “beautiful.” Additional basement storage is available on a negotiable basis. Appointments are required for private showings.
The location is described as high visibility on Rte 140 in Franklin, with easy access to the Rte 495 Exit 43. The building is noted as “easy to find” and “beautiful.” Additional basement storage is available on a negotiable basis. Appointments are required for private showings.
Key Highlights
- First‑floor professional office space available September 1, 2026 in a building with Rte 140 visibility and easy access to Rte 495 exit 43
- Suite layout includes four private offices, a large open floor plan, storage, and a kitchen/break room
- Includes one private restroom plus access to shared restrooms on the first and 2nd floors via elevator or staircase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,018
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,360
$520.4K
Cap Rate 7%
$371,686
$371.7K
Cap Rate 9%
$289,089
$289.1K
Market Conditions
NOI Build-Up for 1,442 SF
Gross rent
$48.5K $33.60/SF
− Vacancy
−$5.1K −$3.53/SF
EGI
$43.4K $30.07/SF
− OpEx
−$17.3K −$12.03/SF
NOI
$26.0K $18.04/SF
Area
Norfolk County, MA
Vacancy
10.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,360
Cap Rate 7%
$371,686
Cap Rate 9%
$289,089
Alternative Uses
Best Use
Office B
$452.0K
$395.5K – $527.4K
NOI $31,643 @ 7.0% cap · market cap 150,680.95%
Second Best
Healthcare Medical
$371.7K
$325.2K – $433.6K
NOI $26,018 @ 7.0% cap · market cap 123,895.24%
Theoretical Best
Office A
$853.7K
$747.0K – $995.9K
NOI $59,756 @ 7.0% cap · market cap 284,552.38%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
753
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02038, MA
33,261
Population
12,889
Households
2.6
Avg Household Size
41
Median Age
56%
College-Educated
97%
High-School Grad
26.6 sq mi
ZIP Area
1,250
Density / Sq Mi
$142,788
Median Household Income
$67,728
Median Earnings
$1,856
Median Rent
$567,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - First-floor suite with four private offices, open area, kitchen/break room, and private restroom.
Where is this medical office space located?
The property is located at 233 W Central St Unit 1 Franklin, MA.
What are key features of this property?
This property features: First‑floor professional office space available September 1, 2026 in a building with Rte 140 visibility and easy access to Rte 495 exit 43; Suite layout includes four private offices, a large open floor plan, storage, and a kitchen/break room; Includes one private restroom plus access to shared restrooms on the first and 2nd floors via elevator or staircase
