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    Property profile & analytics

    1 Nicholas Rd Framingham, MA 01701-3483

    • Commercial real estate
    • 42,300 SF
    • 6.65 lot acres
    OFF-MARKET
    Value Estimation
    $6,460,000
    Last Sale
    Nov 07, 2024
    $6,450,000
    Location Intelligence
    Property ID
    US38-0638124
    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

    • Robinsons Equipment Service / Small Engine Repair Service / Lawn Mower Repair Service
    • Franklin Caterers / Caterer
    • Robinsons Rental / Scaffolding Rental Service / Tool Rental Service
    • Lincoln Liquors / Liquor Store / Beer Store
    • Robinsons Hardware & Rental / Lawn Mower Repair Service / Small Engine Repair Service

    Property Details for 1 Nicholas Rd

    Year built
    1955
    Construction
    STEEL FRAME
    Lot size
    6.65 lot acres
    Property size
    42,300 SF
    Zone code
    B-2
    Property type
    Commercial real estate
    APN
    FRAM M:040 B:24 L:5216 U:000
    APU
    FRAMM040B24L5216U000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,450,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,565,000
      6.5%
      $6,750,000
      7%
      $6,525,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,355,000
      Geo Method
      $7,285,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,945,000
      Retail
      $7,340,000
      Mixed-Use
      $5,550,000
      Hospitality
      $5,605,000
      Educational
      $6,525,000
      Residential Income
      $6,370,000
      Energy
      $5,825,000
      Income-Based Land
      $6,950,000
      Food Service
      $5,680,000

    Location Insight

    • Map
    • Local Demand
    City
    Framingham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.4026
    Latitude
    42.3271
    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
    2020
    $87,288
    $943,900
    $2,799,200
    $3,743,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      9,056 SF

      901 Edgell Rd

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      901 Edgell Rd, Framingham, MA 01701
      View Details
    • Value Estimation by Request
      101,742 SF

      740 Cochituate Rd

      SHOW ROOM, WAREHOUSE • 101,742 SF
      740 Cochituate Rd, Framingham, MA 01701-4667
      View Details
    • Value Estimation by Request
      28,496 SF

      510 Cochituate Rd

      COMMERCIAL (GENERAL) • 28,496 SF
      510 Cochituate Rd, Framingham, MA 01701-4628
      View Details
    • Value Estimation by Request
      166,800 SF

      1455th Concord St

      COMMERCIAL (GENERAL) • 166,800 SF
      1455th Concord St, Framingham, MA 01701-7726
      View Details
    • Value Estimation
      $285,000
      1.42 Acres

      Waverley St

      COMMERCIAL (GENERAL) • 1.42 Acres
      Waverley St, Framingham, MA 01701
      View Details
    • Value Estimation by Request
      0.69 Acres

      691-695 Cochituate Rd

      Land • 0.69 Acres
      691-695 Cochituate Rd, Framingham, MA 01701
      View Details

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    Similar Nearby for Lease

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      4,284 SF

      Signature Office Building For Lease

      Four-story office building with modern amenities and flexible layouts.
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      View Details
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      Office space in prime Metrowest corporate area with superb access.
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    • Contact for pricing
      3,101 SF

      Framingham Office Park Suites Available

      Multi-tenant office building with modern amenities and abundant parking.
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    • Contact for pricing
      26,700 SF

      Framingham Retail Opportunity on Route 9

      Retail space available on Route 9 in Framingham.
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    • $17 SF/Yr
      1,600 SF

      Framingham Flex Space Available

      Flex space available in Framingham, Massachusetts.
      2 Central St, Framingham, MA 01701
      View Details
    • Contact for pricing
      24,000 SF

      Framingham Office Building For Lease

      Three-story office building near major routes and amenities.
      1 Speen St, Framingham, MA 01701
      View Details
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    1 Nicholas Rd
    Framingham, MA 01701-3483
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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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