Financial
Distress signals
Property profile

492 Old Connecticut Path Framingham, MA 01701

FOR LEASE
Other commercial real estate
Property ID
US38-1483604
239,614 SF 5.82 ac lot Built 1984
Last sale Dec 2019 · $29,300,000
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of an office facility totaling 19,964 square feet, configured to support office occupancy in a range of suite sizes from approximately 1,000 to 25,000 square feet. It has roadside visibility along Interstate 90 and is located near connections including Route 30, Route 9, and I-495.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$748k
Tax billed · 2020
Assessed value · 2024$29.29M
Assessed land$3.07M
Assessed improvement$26.22M
Effective rate2.55%

Value estimate

· Sep 2026
$14.96M
$13.46M – $16.45M
CAP approach$19.12M
Sales comparison$10.83M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$173/SF
Submarket average, outlier-cleaned · 56 recorded sales of this use type
Observed band · Q1–Q3$88 – $250

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M
General Manufacturing: M. The purpose of the Manufacturing District is to provide areas within Framingham where research and development,...
General categoryINDUSTRIAL
JurisdictionFRAMINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store10.2
Laundry Service9.9
Barber Shop8.9

Location

492 Old Connecticut Path Framingham, MA 01701
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1 Nicholas, Framingham, MA 01701-3483 $6,450,000 Nov 2024 42,300 SF
1 Worcester, Framingham, MA 01701-5359 $101,627,167 Mar 2024 596,993 SF
1651 Worcester, Framingham, MA 01701 $27,225,000 Jan 2021 289,642 SF
161 Worcester, Framingham, MA 01701-5352 $10,000,000 Dec 2019 135,542 SF
400 Cochituate Rd, Framingham, MA 01701-4655 $12,900,000 Nov 2019 46,148 SF
550 Cochituate, Framingham, MA 01701-4654 $58,325,000 Sep 2019 837,977 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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