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    124 Grove St Franklin, MA 02038

    • Office buildings
    • 110,612 SF
    • 12.56 lot acres
    For Lease
    View listing
    Value Estimation
    $12,060,000
    Last Sale
    Apr 08, 2024
    $12,000,000
    Location Intelligence
    Property ID
    US38-0172523
    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

    • SyTech / Software Company
    • TRC Companies / Corporate Office
    • Back to Business / Employment Center
    • Accolade Technology: Intelligent FPGA-based Host CPU Offload 1-100GE NIC's & Platforms / Corporate Office
    • Quadrant Software / Software Company

    Property Details for 124 Grove St

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    12.56 lot acres
    Property size
    110,612 SF
    Property type
    Office buildings
    APN
    FRAN M:295 L:003
    APU
    FRANM295L003

    Description

    This exceptional Class A office building, located at 124 Grove Street in Franklin, Massachusetts, offers a rare opportunity for businesses seeking prestigious executive office space. The property boasts a total of 112,756 square feet across three stories, with 36,757 square feet currently vacant and available for lease. Units range from a minimum of 1,682 square feet to a maximum contiguous space of 9,119 square feet, providing flexibility for various business needs. The building features impressive architectural details including marble floors and an elegant oak and glass stairway. Ample parking is provided with 560 free surface spaces. The property benefits from robust electrical service, including 1,800 Amps, 460 volts, and 3-phase power. Situated on a 12.6-acre lot in Norfolk County, this location offers convenient access to amenities. Within a mile of the MBTA station at Forge Park, the building enjoys proximity to the vibrant Franklin Village Shopping Center, home to over 40 restaurants and retail stores. This is an unparalleled opportunity to establish your business in a highly desirable and well-connected location. The building is suitable for multiple tenants.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $12,000,000

    • CAP approach

      CAP return
      Estimation
      6%
      $12,005,000
      6.5%
      $11,220,000
      7%
      $12,140,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $13,055,000
      Geo Method
      $12,405,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $11,665,000
      Retail
      $13,430,000
      Mixed-Use
      $12,990,000
      Hospitality
      $10,330,000
      Educational
      $11,880,000
      Residential Income
      $10,885,000
      Energy
      $12,360,000
      Income-Based Land
      $11,500,000
      Food Service
      $11,940,000

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.4183
    Latitude
    42.0749
    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
    $143,085
    $4,040,600
    $8,095,500
    $12,136,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,450,000
      4,880 SF

      51 Central St

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      51 Central St, Franklin, MA 02038-2101
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    • Value Estimation
      $6,305,000
      209,282 SF

      55 Constitution Blvd

      OFFICE BUILDING • 209,282 SF
      55 Constitution Blvd, Franklin, MA 02038-2545
      View Details
    • Value Estimation
      $5,565,000
      9,396 SF

      150 Emmons St

      OFFICE BUILDING • 9,396 SF
      150 Emmons St, Franklin, MA 02038-2036
      View Details
    • Value Estimation
      $480,000
      1,988 SF

      12 Washington St

      OFFICE BUILDING • 1,988 SF
      12 Washington St, Franklin, MA 02038-3019
      View Details
    • Value Estimation
      $390,000
      2,329 SF

      444 Central St

      OFFICE BUILDING • 2,329 SF
      444 Central St, Franklin, MA 02038-1855
      View Details
    • Value Estimation
      $445,000
      2,142 SF

      76 Chestnut St

      OFFICE BUILDING • 2,142 SF
      76 Chestnut St, Franklin, MA 02038-3902
      View Details

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    Similar Nearby for Lease

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      Highly visible retail/office space with high traffic volume.
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      Prime Franklin Executive Offices

      Class A Office Space, 36,757 SF Available
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    124 Grove 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.

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