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Property profile & analytics

55 Central St Franklin, MA 02038

  • Office buildings
  • 5,920 SF
  • 0.45 lot acres
Value Estimation
Last Sale
Jun 17, 2021
$1,380,000
Location Intelligence
Property ID
US38-0459953
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

  • Dora Brett, Realtor / Real Estate Agency / Mobile Home Dealer
  • Dawn Oliveira / Real Estate Agency
  • Michael Colombo - Real Living Realty Group / Real Estate Agent
  • Matt Kelly Homes / Real Estate Agency / Real Estate Agent
  • Matt Kelly Realtors / Real Estate Agent

Property Details for 55 Central St

Year built
1970
Construction
FRAME
Lot size
0.45 lot acres
Property size
5,920 SF
Property type
Office buildings
APN
FRAN M:279 L:018
APU
FRANM279L018

Description

This exceptional 6,900 square foot executive office building presents a compelling owner-user or investment opportunity. Located at 55 West Central Street in Franklin, Massachusetts, this Class B property offers a versatile space ideally suited for a variety of businesses. Constructed in 1970, the two-story building sits on a 0.45-acre lot and provides ample parking with 25 spaces. The property is zoned for commercial use and enjoys a highly desirable downtown Franklin location, adjacent to Dean College and just 1.7 miles from Interstate 495, providing easy access to major transportation routes. The convenient location offers proximity to a wealth of amenities, including restaurants and shopping within Franklin, as well as additional options in nearby Wrentham and Foxborough. This property represents a rare chance to acquire a well-situated office building in a thriving Massachusetts community. The building's size and parking make it suitable for a range of business needs. The commercial zoning allows for flexibility in future uses. This is an excellent opportunity for businesses seeking a prominent location with convenient access to major roadways and a variety of supporting services. The ample parking ensures convenient access for employees and clients. The property's location in downtown Franklin provides high visibility and easy access to local amenities.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $1,860,000
  • CAP approach

    CAP return
    Estimation
    6%
    $1,520,000
    6.5%
    $1,465,000
    7%
    $1,385,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $1,520,000
    Geo Method
    $1,330,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $1,255,000
    Retail
    $1,335,000
    Mixed-Use
    $1,280,000
    Hospitality
    $1,280,000
    Educational
    $1,495,000
    Residential Income
    $1,255,000
    Energy
    $1,205,000
    Income-Based Land
    $1,465,000
    Food Service
    $1,125,000

Location Insight

  • Map
  • Local Demand
City
Franklin
County
Norfolk
State
Massachusetts
Longitude
-71.3997
Latitude
42.0833
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
$16,531
$327,000
$1,075,100
$1,402,100
-
$0.00
$0.00
$0.00
More about this property
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