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    Property profile & analytics

    500 Franklin Village Dr Franklin, MA 02038

    • Office Properties & Spaces
    For Lease
    View listing
    $19 SF/Yr
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Michelle Gaffney / Social Worker
    • Edison Electricians of Franklin / Electrician
    • Adams Michael R OD / Optometrist
    • Andrade Michael T OD / Optometrist
    • Millennium Logistics Management / Logistics Service / Transportation Service

    Property Details for 500 Franklin Village Dr

    Property type
    Office Properties & Spaces

    Description

    This exceptional Class A office building at 500 Franklin Village Drive in Franklin, Massachusetts, 02038 offers multiple executive office suites for lease. The two-story building boasts a prime location and features a mix of professional office and medical tenants on the second floor, complemented by retail tenants on the ground floor. Available spaces range from 1,278 square feet to 4,001 square feet, providing flexibility for businesses of various sizes. The building is equipped with a passenger elevator for convenient access to all floors. Ample parking is available for tenants and their clients. The building's professional atmosphere and convenient amenities make it an ideal location for businesses seeking a prestigious address in Franklin. The lease rate is negotiable, offering flexibility to suit individual business needs. This is a fantastic opportunity to secure high-quality office space in a thriving community. The property is situated at 42.0894984 latitude and -71.4248342 longitude. Contact us today to schedule a viewing and discuss your leasing requirements.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.4248
    Latitude
    42.0895

    Comparable in this City

    • Value Estimation by Request
      18,691 SF

      835 Central St

      CONDOMINIUM OFFICES • 18,691 SF
      835 Central St, Franklin, MA 02038-3188
      View Details
    • Value Estimation by Request
      6,218 SF

      9 Summer St, Unit 3

      CONDOMINIUM OFFICES • 6,218 SF
      9 Summer St, Franklin, MA 02038-1491
      View Details
    • Value Estimation
      $375,000
      1,060 SF

      70 Central St Ste, Unit 102

      CONDOMINIUM OFFICES • 1,060 SF
      70 Central St Ste, Franklin, MA 02038-1490
      View Details
    • Value Estimation
      $345,000
      786 SF

      70 Central St Ste, Unit 101

      CONDOMINIUM OFFICES • 786 SF
      70 Central St Ste, Franklin, MA 02038-1490
      View Details
    • Value Estimation by Request
      2,322 SF

      50 East St

      Office space • 2,322 SF
      50 East St, Franklin, MA 02038
      View Details
    • Value Estimation by Request
      6,022 SF

      9 Summer St, Unit 2

      CONDOMINIUM OFFICES • 6,022 SF
      9 Summer St, Franklin, MA 02038-1491
      View Details

    Similar Nearby for Sale

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      0.84 Acres

      326 Union St, Franklin, MA 02038

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    Similar Nearby for Lease

    • $8 SF/Yr
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      Franklin Industrial Office Complex

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      112,756 SF

      Prime Franklin Executive Offices

      Class A Office Space, 36,757 SF Available
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    • $19 SF/Yr
      10,327 SF

      Franklin Executive Office Suites

      Class A Office Space, Multiple Suites Available
      500 Franklin Village Dr, Franklin, MA 02038
      View Details
    • $19 SF/Yr
      1,216,195 SF

      Office Space in Franklin, MA

      First-class office space with convenient highway access and ample parking.
      500 Franklin Village Dr, Franklin, MA 02038
      View Details
    • $11 SF/Yr
      233,917 SF

      Franklin Office Space For Lease

      Third-floor office space available for lease in Franklin, MA.
      305 Union St, Franklin, MA 02038
      View Details
    • $500 /Mo
      226 SF

      Franklin, MA Commercial Office Space

      Professional office space, approximately 226 SF, available for lease.
      247 E Central St, Franklin, MA 02038
      View Details
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    500 Franklin Village Dr
    Franklin, MA 02038
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    Realmo Value Estimation

    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.

    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.

    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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