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    Property profile & analytics

    140 Franklin St Holbrook, MA 02343-1170

    • Super regional malls
    • 31,920 SF
    • 1.69 lot acres
    OFF-MARKET
    Value Estimations
    $960,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1399309
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Emerging Academy / Day Care Center
    • Bounce On Us Party Rental / Party Equipment Rental Service
    • En Pointe Dance Academy / Dance Company
    • Senior Equity Financial Inc / Financial Planner

    Property Details for 140 Franklin St

    Year built
    2007
    Construction
    STEEL FRAME
    Lot size
    1.69 lot acres
    Property size
    31,920 SF
    Zone code
    TC
    Property type
    Super regional malls
    APN
    HOLB M:15 L:024-00-0
    APU
    HOLBM15L024000

    Description

    This exceptional two-story, 31,920 square foot mixed-use building presents a lucrative investment opportunity in Holbrook, Massachusetts. Located in the vibrant Town Center Overlay District with Business II zoning, this multi-tenant property offers unparalleled flexibility. Currently at 50% occupancy, the fourteen units are ideally suited for a variety of uses, including medical offices, storefronts, and traditional office spaces. The asking price is $5,000,000, translating to $156.64 per square foot. The property's prime location ensures high visibility and accessibility, attracting significant foot traffic. Its adaptability allows for diverse income streams, making it perfect for investors seeking a blend of retail, office, and potentially residential components. The net lease structure provides a straightforward investment model. This is a rare chance to acquire a well-positioned commercial property in a thriving Massachusetts town center, offering substantial potential for future growth and return on investment. The property is situated at 140 N Franklin St, Holbrook, MA 02343.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $965,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $917,000
      Market price range: $917k - $2.43M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Holbrook
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.0083
    Latitude
    42.1578
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $58,921
    $655,900
    $1,560,000
    $2,215,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $8,515,000
      52,828 SF

      800 Franklin St

      REGIONAL SHOPPING CENTER, MALL • 52,828 SF
      800 Franklin St, Holbrook, MA 02343-1893
      View Details
    • Value Estimation by Request
      740 SF

      39 Plymouth St

      SHOW ROOM, WAREHOUSE • 740 SF
      39 Plymouth St, Holbrook, MA 02343-1510
      View Details
    • Value Estimation by Request
      4,000 SF

      224 Plymouth St

      Individual retail properties • 4,000 SF
      224 Plymouth St, Holbrook, MA 02343
      View Details
    • Value Estimation
      $1,245,000
      3,528 SF

      102 Franklin St

      RETAIL STORES (PERSONAL SERVICES) • 3,528 SF
      102 Franklin St, Holbrook, MA 02343-1468
      View Details
    • Value Estimation
      $1,090,000
      2,190 SF

      742 Franklin St

      VEHICLE SALES, RENTALS • 2,190 SF
      742 Franklin St, Holbrook, MA 02343-1788
      View Details
    • Value Estimation
      $770,000
      20,553 SF

      616 Ss St

      SHOW ROOM, WAREHOUSE • 20,553 SF
      616 Ss St, Holbrook, MA 02343-1310
      View Details

    Similar Nearby for Sale

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      Thriving nursery business with restored home and flexible living space.
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      Class A Office Condo For Sale

      Modern office condo in Holbrook, great investment or future office.
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    Similar Nearby for Lease

    • $18 SF/Yr

      Freestanding Retail Building Available Now

      Former restaurant location, ready for new tenant, next to Walgreens.
      2 Norfolk Rd, Holbrook, MA 02343
      View Details
    • $14 SF/Yr
      5,048 SF

      Holbrook Flex/Industrial Condo For Rent

      5,048 SF flex/industrial condo with high-end office buildout.
      275 Centre St, Holbrook, MA 02343
      View Details
    • $2,700 /Mo
      1,200 SF

      Holbrook Luxury Office Space Available

      Newly constructed office space with flexible layout in central location.
      169 N Franklin St, Holbrook, MA 02343
      View Details
    • Contact for pricing
      3,500 SF

      Holbrook Warehouse Space Available

      3,500 SF warehouse space for rent in Holbrook.
      279 Centre St, Holbrook, MA 02343
      View Details
    • $3,200 /Mo
      2,200 SF

      Luxury Office Space Available

      Newly constructed office space for rent in central Holbrook.
      169 N Franklin St, Holbrook, MA 02343
      View Details
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    140 Franklin St
    Holbrook, MA 02343-1170
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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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