Flexible-Layout Office
New
For Sale
$924,900
443 E Central Street, Franklin, MA 02038
A commercial-office layout includes private work areas, shared meeting space, reception, and on-site parking.
Property Size3,863 SF
Price / SF$239.43
Days on Market2
Property Features for 443 E Central Street
General Information
Standard status
Active
Size
3,863 SF
Property subtype
Commercial
Building Details
Year Built
1987
Listing Agency:
Costello Realty
Listed By:
Molla Realty Team
Source:
Elevatedboston
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 5 at 6:55PM
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 Costello Realty
Investment Insights
Based on property information with market context.
This 3,863-square-foot office building, constructed in 1987, is arranged with 11 private offices, a conference and gathering room, reception, sitting areas, four restrooms, a kitchen, and storage. The property also includes an owned solar panel system, a storage shed, a pickleball court, and a patio with a picnic area. The building and grounds are maintained.
Located on Route 140, the site has 20 parking spaces and is served by town water, sewer, and natural gas. Commercial II zoning applies to the lot.
Located on Route 140, the site has 20 parking spaces and is served by town water, sewer, and natural gas. Commercial II zoning applies to the lot.
Key Highlights
- 3,863‑square‑foot office building with 11 private offices
- Conference and gathering room, reception, sitting areas, kitchen, storage, and 4 restrooms
- 20 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,769
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,695,380
$1.7M
Cap Rate 7%
$1,210,986
$1.2M
Cap Rate 9%
$941,878
$941.9K
Market Conditions
NOI Build-Up for 3,863 SF
Gross rent
$135.4K $35.04/SF
− Vacancy
−$22.3K −$5.78/SF
EGI
$113.0K $29.26/SF
− OpEx
−$28.3K −$7.31/SF
NOI
$84.8K $21.94/SF
Area
Norfolk County, MA
Vacancy
16.50%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,695,380
Cap Rate 7%
$1,210,986
Cap Rate 9%
$941,878
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,769 @ 7.0% cap · market cap 9.17%
Second Best
Healthcare Medical
$995.7K
$871.3K – $1.16M
NOI $69,701 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,082 @ 7.0% cap · market cap 17.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - A commercial-office layout includes private work areas, shared meeting space, reception, and on-site parking.
Where is this office building located?
The property is located at 443 E Central Street Franklin, MA.
What is the asking price?
The asking price for this property is $924,900.
What are key features of this property?
This property features: 3,863‑square‑foot office building with 11 private offices; Conference and gathering room, reception, sitting areas, kitchen, storage, and 4 restrooms; 20 parking spaces
