Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5 Fisher St Franklin, MA 02038
    Back to Search
    Property profile & analytics

    5 Fisher St, Franklin, MA 02038

    View on Map
    • Industrial properties
    • 74,027 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Washing Machine Pads / Industrial Manufacturer

    Property Details for 5 Fisher St

    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional 74,027-square-foot industrial flex space at 5 Fisher Street in Franklin, Massachusetts, presents a unique opportunity. The single-story building offers multiple tenancy options, with a minimum divisible space of 25,000 square feet and up to the entire 74,027 square feet available contiguously. The property features a high ceiling ranging from 14 to 21 feet, providing ample vertical space for various uses. Loading and unloading are facilitated by four loading docks and two drive-in doors. The building boasts robust power capabilities with a 3000-amp, 480V, 3-phase electrical service. Zoned MBI, this property is ideally suited for a variety of industrial and flex uses. Its strategic location just off Route 140 offers easy access to Route 495 (approximately 1.5 miles from exits 16 & 17), providing excellent regional connectivity. The property's proximity to downtown Franklin, Dean College, and the town's train station adds further convenience and accessibility. Currently, the entire 74,027 square feet is vacant and ready for immediate occupancy. This is a rare opportunity to secure a substantial, well-equipped industrial space in a prime Franklin location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.4063
    Latitude
    42.0839

    Comparable in this City

    • Value Estimation by Request
      3.31 Acres

      50 Way

      Distribution properties
      50 Way, Franklin, MA 02038
      View Details
    • Value Estimation by Request
      40,000 SF

      839 Upper Un St

      Flex space
      839 Upper Un St, Franklin, MA 02038
      View Details
    • Value Estimation by Request
      86.70 Acres

      Central St

      INDUSTRIAL (GENERAL)
      Central St, Franklin, MA 02038
      View Details
    • Value Estimation
      $875,000
      39.40 Acres

      109 Constitution Blvd

      INDUSTRIAL (GENERAL)
      109 Constitution Blvd, Franklin, MA 02038-2584
      View Details
    • Value Estimation by Request
      1,500 SF

      837 Uppr Un St, Unit 8

      CONDOMINIUMS (INDUSTRIAL)
      837 Uppr Un St, Franklin, MA 02038-5003
      View Details
    • Value Estimation
      $3,200,000
      18,438 SF

      25 Frg Pkwy

      INDUSTRIAL (GENERAL)
      25 Frg Pkwy, Franklin, MA 02038-3135
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      Modern Flex Industrial Building

      20,000 SF flex industrial building in Forge Park.
      28 Forge Pkwy, Franklin, MA 02038
      View Details
    • $1,800,000
      0.84 Acres

      326 Union St, Franklin, MA 02038

      Commercial real estate
      326 Union St, Franklin, MA 02038
      View Details
    • Contact for pricing

      Versatile Investment or Owner-Occupied Property

      Over 8,500 sq ft of rentable space available.
      3 Bent St, Franklin, MA 02038
      View Details
    • Contact for pricing
      2,550 SF

      Well-Located Three-Family Home

      Three-family home near downtown and commuter rail with investment potential.
      26 Mccarthy St, Franklin, MA 02038
      View Details
    • $1,450,000
      0.45 Acres

      55 Central St, Franklin, MA 02038

      Commercial real estate
      55 Central St, Franklin, MA 02038
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      22,147 SF

      Franklin Flex/Industrial Space Available

      Flex/Industrial space available for lease in Franklin, Massachusetts.
      101 Constitution Blvd, Franklin, MA 02038
      View Details
    • Contact for pricing
      9,100 SF

      Modern Flex Space Near I-495

      9,100 SF flex space with warehouse features for lease.
      90 Hayward St, Franklin, MA 02038
      View Details
    • $10 SF/Yr

      Franklin Commercial Flex Space Available

      Flex space available for lease in Franklin, Massachusetts.
      5 Fisher St, Franklin, MA 02038
      View Details
    • $10 SF/Yr

      Franklin Commercial Space For Rent

      Flex/industrial space with exposed brick and loading dock.
      5 Fisher St, Franklin, MA 02038
      View Details
    • Contact for pricing
      12,283 SF

      Forge Parkway Flex/Industrial Space

      Flex/industrial space available for lease.
      8 Forge Pkwy, Franklin, MA 02038
      View Details
    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.
    5 Fisher St
    Franklin, MA 02038
    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

    Thank You for Inquiry
    5 Fisher St, Franklin, MA, 02038
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!