Glass-Front Boutique Office
For Sale
Contact for pricing
9-11 Pleasant St Connector, Framingham, MA 01701
Completely renovated three-story office building with a glass-front design, atrium lobby, and HC-accessible bathrooms.
Property Size25,200 SF
Days on Market98
Property Features for 9-11 Pleasant St Connector
General Information
Standard status
Active
Size
25,200 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
atrium lobby with electronic directory
build-to-suit suites
outstanding window lines
new HC-accessible bathrooms
iPad door signage outside every suite
Building Details
Year Built
2000
Buildings
1
Stories
3
Building Size
25,200 SF
Construction
glass-front
Listing Agency:
Gordon Real Estate
(508) 370-3333
Listed By:
Jon Gordon · License #MA9538444
(508) 245-9728
Source:
Lockandkeyre
Added: Jul 27
Changed: Nov 1
Last Checked: Nov 1 at 5:02AM
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 Gordon Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completely renovated boutique office building offering the full 25,200 SF for sale. The three-story property features a glass-front design and a re-designed interior anchored by an atrium lobby with an electronic directory. Suite layout includes build-to-suit options with window lines, new HC-accessible bathrooms, and outside suite access equipped with iPad door signage. Infrastructure and building systems have been refreshed with a new roof and new mechanicals, and the exterior grounds improvements include updated parking lot, landscaping, and lighting.
The property is located at the junction of Route 9 and the Mass Pike in Framingham, adjacent to the 9/90 corporate complex and near major office employers including Sanofi office park and Bose.
Additional site improvements include an underground parking level, which can also be utilized for alternative uses.
The property is located at the junction of Route 9 and the Mass Pike in Framingham, adjacent to the 9/90 corporate complex and near major office employers including Sanofi office park and Bose.
Additional site improvements include an underground parking level, which can also be utilized for alternative uses.
Key Highlights
- 25,200 SF completely renovated three‑story office building for sale
- Glass‑front design with atrium lobby and electronic directory
- Build‑to‑suit suites with outstanding window lines
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$799,606
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,992,120
$16.0M
Cap Rate 7%
$11,422,943
$11.4M
Cap Rate 9%
$8,884,511
$8.9M
Market Conditions
NOI Build-Up for 25,200 SF
Gross rent
$1.37M $54.24/SF
− Vacancy
−$300.7K −$11.93/SF
EGI
$1.07M $42.31/SF
− OpEx
−$266.5K −$10.58/SF
NOI
$799.6K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,992,120
Cap Rate 7%
$11,422,943
Cap Rate 9%
$8,884,511
Alternative Uses
Best Use
Office B
$11.42M
$10.00M – $13.33M
NOI $799,606 @ 7.0% cap · market cap 79,960,600.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.92M
$13.05M – $17.40M
NOI $1,044,282 @ 7.0% cap · market cap 104,428,200.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 01701, MA
33,005
Population
13,131
Households
2.5
Avg Household Size
44
Median Age
61%
College-Educated
95%
High-School Grad
16.9 sq mi
ZIP Area
1,953
Density / Sq Mi
$127,000
Median Household Income
$69,672
Median Earnings
$1,973
Median Rent
$612,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Completely renovated three-story office building with a glass-front design, atrium lobby, and HC-accessible bathrooms.
Where is this office building located?
The property is located at 9-11 Pleasant St Connector Framingham, MA.
What are key features of this property?
This property features: 25,200 SF completely renovated three‑story office building for sale; Glass‑front design with atrium lobby and electronic directory; Build‑to‑suit suites with outstanding window lines
