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

    308 W Central St #C Franklin, MA 2038

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,600 /Mo

    Office suite with reception and two private offices for rent.

    Added:
    Apr 25, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 25 at 6:36 am

    Property Features for 308 W Central St #C

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    Casey Killam

    Listing agent Casey Killam

    Listing office REMAX Executive Realty

    Listing date Apr 25, 2026

    Source Liongatere

    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

    Overview

    Second Floor Office Suite

    This second-floor office suite features a reception area and two private offices. The location offers good signage opportunities on Route 140 and is situated close to Dean College and the town center train station. The property is available for rent at $1600 per month, plus utilities.
    Location Intelligence

    Current Use by Public Records

    Kellie Dow, Realtor® ... Real Estate Agency The Todaro Team, RE/MAX ... Real Estate Agency Sardonini Jr Joseph ... Accounting Firm RE/MAX Executive Property ... Property Management Company Motto Mortgage Executives Loan Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.4105332
    Latitude
    42.0865379

    Nearby Similar for Lease

    • $850/Mo

      Franklin Office Space For Rent

      Professional/Retail 255SF office space suitable for small business.
      36 E Central St unit: 107, Franklin, MA 02038
      View Details
    • $1,600/Mo

      Office Suite Near Town Center

      Second floor office suite with reception and private offices.
      308 W Central St unit: C, Franklin, MA 02038
      View Details
    • $18 SF/Yr

      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 SF/Yr

      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
    • $3,200/Mo

      Office Suite Near Town Center

      Second floor office suite with signage on Route 140.
      308 W Central St unit: F, Franklin, MA 02038
      View Details
    • $1,000/Mo

      Prime ATM Space Available

      ATM space in high-traffic retail area near I-495.
      435 W Central St unit: Atm, Franklin, MA 02038
      View Details
    • $1,000/Mo

      ATM Space in Retail Corridor

      ATM space available in high-traffic retail area near I-495.
      435 W Central St #ATM, Franklin, MA 02038
      View Details
    • $17 SF/Yr

      Downtown Retail/Office Space Available

      895 SF retail/office space in central business district.
      16 Cottage St #3, Franklin, MA 02038
      View Details
    • $20 SF/Yr

      First Class Office Space Available

      Office space with private offices, reception, and conference room.
      1000 Franklin Village Drive #305, Franklin, MA 02038
      View Details
    • $850/Mo

      Professional Office Space For Rent

      255 SF office space suitable for small business.
      36 E Central St #107, Franklin, MA 02038
      View Details
    • $20 SF/Yr

      First Class Office Space

      Office space with private offices, reception, and conference room.
      1000 Franklin Village Drive unit: 305, Franklin, MA 02038
      View Details
    • $600/Mo

      Franklin Storage Garage For Rent

      30x24 storage garage suitable for vehicles and general storage.
      39B Raymond Street, Franklin, MA 02038
      View Details

    FAQs

    What type of property is this?
    Office units - Office suite with reception and two private offices for rent.
    Where is this office units located?
    The property is located at 308 W Central St #C Franklin, MA.
    What is the lease rate?
    The lease rate is $1,600 /Mo.
    What are key features of this property?
    This property features: Good signage on Route 140; Close proximity to Dean College; Convenient access to the town center train station
    (774) 287-2084
    We can help!
    Listing Contact
    Casey Killam
    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!