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

    61 Tripp Street Framingham, MA 1702

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    9,600 SF flex space with loading docks and robust power.

    Type:Industrial
    Property size:
    100,000 SF
    Added:
    Nov 21, 2025
    Days on Market:
    136
    Last Refresh:
    Dec 3 at 5:29 am

    Property Features for 61 Tripp Street

    General Information

    Standard status
    Active
    Size
    100,000 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1955

    Spaces For Lease

    at 61 Tripp Street Contact us

    We can help!

    Listing Contact
    Dianne Granger

    Listing agent Dianne Granger

    Listing office KW Elite powered by KW 1Advantage

    Listing date Nov 21, 2025

    Source Naiglobal

    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 KW Elite powered by KW 1Advantage

    Overview

    Framingham Flex Space Available

    This 9,600 square foot flex space is available for rent. The space features a 14-foot clear height, a drive-in door, and a tailboard loading dock. It includes a private bathroom and a single office. The property has robust power capabilities with 400A, 480V 3-Phase.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Andersen Cycle Works Auto Repair Shop

    Suggested Use

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

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

    Similar Places Nearby

    • Tastings Caterers — 227 Arlington St, Framingham, MA 01702

    Location Insight

    • Map
    • Local Demand
    City
    Framingham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.4131313
    Latitude
    42.268464

    Nearby Similar for Lease

    • Contact for pricing

      MA, Framingham - Worcester Rd

      1101 Worcester Rd, Framingham, MA 01701
      View Details
    • Contact for pricing

      Framingham Office Suite For Rent

      Small office suite with great frontage in Framingham, MA.
      359 Union Avenue, Framingham, MA 01702
      View Details
    • Sponsored
      Contact for pricing

      Framingham

      945 Concord St, Unit Framingham Massachusetts United States of America 01701, Framingham, MA 01701
      View Details
    • Contact for pricing

      Medical Office Space Near Hospital

      Move-in ready medical office space near Metrowest Medical Center.
      140 Lincoln St., Framingham, MA 01702
      View Details
    • Contact for pricing

      Framingham Office Space on Route 9

      First floor office space for lease on Route 9.
      1101 Worcester Road, Framingham , MA 01701
      View Details
    • $28/mo

      Framingham Office Space For Rent

      Office space in prime Metrowest corporate area with superb access.
      40 Speen St, Framingham, MA
      View Details
    • $1.00/mo

      Route 9 Office Sublease

      Well-maintained office suite with Route 9 visibility.
      1661 Worcester Rd #403, Framingham, MA 01701
      View Details
    • $30/mo

      Framingham Office Space on Route 9

      Professional office space with high visibility and convenient location.
      50-60 Worcester Rd , Framingham, MA
      View Details
    • Contact for pricing

      Framingham Storefront Office Space

      Storefront office space in downtown Framingham with shared conference room.
      100 Concord St #1B, Framingham, MA 01702
      View Details
    • Contact for pricing

      Turn-Key Salon Space Available

      Fully renovated salon space with prime signage opportunities on Worcester Road.
      421 Worcester Rd, Framingham, MA
      View Details
    • Contact for pricing

      Framingham Office/Laboratory Opportunity

      23,392 SF office/laboratory space in a four-building campus.
      175 Crossing Boulevard, Framingham, MA 01702
      View Details
    • Contact for pricing

      Framingham Auto Repair Shop Space

      Auto repair shop with equipment for rent in Framingham.
      12B Waverly St, Framingham, MA
      View Details

    FAQs

    What type of property is this?
    Flex space - 9,600 SF flex space with loading docks and robust power.
    Where is this flex space located?
    The property is located at 61 Tripp Street Framingham, MA.
    What are key features of this property?
    This property features: 9600 SF Flex Space ready for your business needs; Robust Power (400A, 480V 3‑Phase) to support heavy machinery; Features a convenient Tail Board Loading Dock
    (563) 345-6520
    We can help!
    Listing Contact
    Dianne Granger
    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!