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    1 Clarks Hill Ln Framingham, MA
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    1 Clarks Hill Ln Framingham, MA

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    • Office buildings
    • 100,350 SF
    • 7.58 lot acres
    For Lease
    $10,170,000
    View Listing →
    Framingham Office Space Available For Lease
    $10,170,000
    15,000 SF

    Framingham Office Space Available

    Flexible office suites available in a professionally maintained building.

    1 Clarks Hill Ln, Framingham, MA
    View Listing
    Property ID
    US38-1170721
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 1 Clarks Hill Ln

    Year built
    1991
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.58 lot acres
    Property size
    100,350 SF
    Zone code
    R-1
    Property type
    Office buildings
    APN
    FRAM M:122 B:18 L:8290 U:000
    APU
    FRAMM122B18L8290U000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,245,000
      Market price range: $10.2M - $19.6M
      AI Estimate
      $6,951,000
      Market price range: $6.95M - $17.7M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $14,550,000
      Current use
      INDUSTRIAL (GENERAL)
      $15,405,000
      Change: +6% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Framingham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.405
    Latitude
    42.2831
    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
    $155,263
    $1,932,300
    $4,178,000
    $6,110,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,900,000
      28,340 SF

      110 Mt Wayte Ave

      OFFICE BUILDING • 28,340 SF
      110 Mt Wayte Ave, Framingham, MA 01702-5705
      View Details
    • Value Estimation by Request
      2,160 SF

      776 Waverley St

      OFFICE BUILDING • 2,160 SF
      776 Waverley St, Framingham, MA 01702-6840
      View Details
    • Value Estimation
      $4,045,000
      67,094 SF

      300 Howard St

      OFFICE BUILDING • 67,094 SF
      300 Howard St, Framingham, MA 01702-8353
      View Details
    • Value Estimation by Request
      3,625 SF

      39 Howard St

      OFFICE BUILDING • 3,625 SF
      39 Howard St, Framingham, MA 01702
      View Details
    • Value Estimation by Request
      5,675 SF

      47 Howard St

      OFFICE BUILDING • 5,675 SF
      47 Howard St, Framingham, MA 01702
      View Details
    • Value Estimation by Request
      3,360 SF

      858 Worcester Rd

      OFFICE BUILDING • 3,360 SF
      858 Worcester Rd, Framingham, MA 01702-5258
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,165 SF

      Framingham Office Buildings For Sale

      Two office buildings totaling 10,165 SF on 1.22 acres.
      83 Main St, Framingham, MA 01702
      View Details
    • Contact for pricing

      Repositioned Office Building with Upgrades

      Office building with upgrades, flexible space, and convenient location.
      1 Clarks Hill Cir, Framingham, MA 01702
      View Details
    • Contact for pricing
      22,000 SF

      Historic Downtown Framingham Properties

      Two historic properties in downtown Framingham, totaling over 22,000 SF.
      74 Concord St, Framingham, MA 01702
      View Details
    • Contact for pricing

      Framingham Mixed-Use Investment Opportunity

      Multi-use building with residential and office space in downtown Framingham.
      79-81 Franklin St, Framingham, MA 01702
      View Details
    • Contact for pricing
      Pending

      Mixed-Use Building in Downtown Framingham

      Multi-use building with residential and office space in Framingham.
      79-81 Franklin St, Framingham, MA 01702
      View Details
    • Contact for pricing

      6 Acres of Land

      6 acres of land available for sale.
      1900R Worcester Rd, Framingham, MA 01702
      View Details

    Similar Nearby for Lease

    • $1,700 /Mo
      900 SF

      Framingham Office Space For Rent

      Versatile office suite with great frontage and ample parking.
      357-359 Union Ave, Framingham, MA 01702
      View Details
    • Contact for pricing

      High-Traffic Location Near Transit

      Office and retail spaces with high foot traffic and transit access.
      100 State St, Boston, MA 01702
      View Details
    • Contact for pricing
      2,800 SF

      Framingham Office Space For Lease

      2,800 Sq. Ft. office space available for lease.
      235 Walnut St, Framingham, MA 01702
      View Details
    • Contact for pricing

      Framingham Office Space For Lease

      Office space available for lease in Framingham, Massachusetts.
      235 Walnut St, Framingham, MA 01702
      View Details
    • Contact for pricing

      Framingham Medical/Office Space Available

      Medical/office space for lease in a convenient location.
      85 Worcester Rd, Framingham, MA 01702
      View Details
    • Contact for pricing

      Framingham Office Space Available

      Office space available for rent in Framingham, Massachusetts.
      95 Lincoln St, Framingham, MA 01702
      View Details
    View Listing
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    1 Clarks Hill Ln
    Framingham, MA
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    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
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