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    Prime ATM Space Available Title is generated by Realmo AI

    435 W Central St, Franklin, MA 02038

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    Claim this Listing
    For Lease
    $1,000/Mo $60 SF/Yr (calc)

    COMMERCIAL - Franklin, MA

    Property size:
    200 SF
    Lot size:
    1.44 Acres
    Added:
    Apr 18, 2025
    Days on Market:
    392
    Last Refresh:
    May 14 at 5:06 pm

    Property Features for 435 W Central St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Comm
    Standard status
    Active
    APN
    M:270 L:037,90847
    Size
    200 SF
    Lot size
    1.44 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    50897

    Building Details

    Year built
    1999

    We can help!

    Listing Contact
    Bill Wright

    Listing agent Bill Wright License #9072191

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

    Listing date Apr 18, 2025

    MLS# 73361563

    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.

    HighLights

    • High visibility location on a hard corner in a booming retail corridor.
    • High traffic counts: Over 20,000 vehicles daily on Rte 140 and proximity to I‑495 with nearly 77,000 vehicles daily.
    • Affluent community: Average household income over $138,000 within a three‑mile radius.
    • Dense population: Approximately 35,000 residents within a three‑mile radius and 75,000 within five miles.
    • Proximity to Dean College and Franklin High School with a combined enrollment of over 3,200 students.
    • Co‑terminous lease with CVS.

    Overview

    ATM space is available on Route 140 in Franklin, Massachusetts. The location is positioned on a corner in a retail area with national and local tenants. The area experiences average daily traffic counts exceeding 20,000 vehicles. The site is located approximately half a mile from I-495, which experiences nearly 77,000 vehicles per day. The property is located in close proximity to Dean College and Franklin High School, with a combined enrollment of over 3,200 students. The surrounding area has a population of approximately 35,000 people within a three-mile radius and approximately 75,000 people within a five-mile radius. The average household income in a three-mile radius is over $138,000. The lot size is 1.44 acres and the property size is 200 square feet. This location is suitable for a local bank to lease. The lease is co-terminous with the CVS lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CVS Photo (Bike/Boat/Book/etc) Store CVS Pharmacy Santander Bank ATM Atm CVS Pharmacy Pharmacy MoneyGram Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.415145
    Latitude
    42.08864

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    FAQs

    What type of property is this?
    Bank - ATM space in high-traffic retail area near I-495.
    Where is this bank located?
    The property is located at 435 W Central St Franklin, MA.
    What is the lease rate?
    The lease rate is $1,000 /Mo.
    What are key features of this property?
    This property features: High visibility location on a hard corner in a booming retail corridor.; High traffic counts: Over 20,000 vehicles daily on Rte 140 and proximity to I‑495 with nearly 77,000 vehicles daily.; Affluent community: Average household income over $138,000 within a three‑mile radius.
    (508) 520-9696
    We can help!
    Listing Contact
    Bill Wright
    Real Estate License ID: 9072191
    Learn More
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    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
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