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    15 Central St Franklin, MA 02038

    • Office buildings
    • 5,400 SF
    • 0.09 lot acres
    For Sale
    View listing
    $1,200,000
    Value Estimation
    Last Sale
    May 09, 2025
    Location Intelligence
    Property ID
    US38-1227710
    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

    • Garrey Motors / Motorcycle Repair Shop
    • Franklin Performing Arts Company / Performing Arts Group
    • Murphy Business / Business Management Consultant
    • THE BLACK BOX / Performing Arts Theater
    • time's up, llc / Marketing Consultant

    Property Details for 15 Central St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.09 lot acres
    Property size
    5,400 SF
    Property type
    Office buildings
    APN
    FRAN M:279 L:176
    APU
    FRANM279L176

    Description

    This exceptional mixed-use property at 15 E Central in Franklin, MA, presents a compelling investment opportunity. The building encompasses five units, strategically positioned to capitalize on high foot and vehicle traffic in a thriving commercial area. The ground floor boasts three retail spaces, each designed to maximize visibility and accessibility. Large display windows, high ceilings, and open floor plans offer versatility for a wide range of businesses, from retail shops and cafes to service-oriented enterprises. The building's prime location ensures consistent exposure to potential customers.

    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
    -71.3964
    Latitude
    42.0826
    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
    $8,040
    $171,200
    $510,700
    $681,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $350,000
      1,909 SF

      111 Central St

      OFFICE BUILDING • 1,909 SF
      111 Central St, Franklin, MA 02038-1437
      View Details
    • Value Estimation by Request
      8,316 SF

      333 Central St

      OFFICE BUILDING • 8,316 SF
      333 Central St, Franklin, MA 02038-1300
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    • Value Estimation by Request
      7,415 SF

      693 Central St

      OFFICE BUILDING • 7,415 SF
      693 Central St, Franklin, MA 02038-5500
      View Details
    • Value Estimation
      $1,735,000
      5,920 SF

      55 Central St

      OFFICE BUILDING • 5,920 SF
      55 Central St, Franklin, MA 02038-2198
      View Details
    • Value Estimation
      $475,000
      3,863 SF

      443 Central St

      OFFICE BUILDING • 3,863 SF
      443 Central St, Franklin, MA 02038-1304
      View Details
    • Value Estimation
      $415,000
      1,897 SF

      184 Central St

      OFFICE BUILDING • 1,897 SF
      184 Central St, Franklin, MA 02038-2137
      View Details

    Similar Nearby for Sale

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      Commercial real estate • 0.84 Acres
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    • $1,200,000
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      Franklin Mixed-Use Investment

      Five-unit building, prime Franklin location.
      15 Central St, Franklin, MA 02038
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      Franklin Multifamily Investment Opportunity

      Well-maintained 5-unit building in prime Franklin location.
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    Similar Nearby for Lease

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    • $500 /Mo
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      Professional Office Space Available

      Professional office space for small businesses. Available immediately.
      36 E Central St, Franklin, MA 02038
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    • $19 SF/Yr
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      First Class Office Space

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    15 Central St
    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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