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Property profile & analytics
FOR LEASE
Office buildings
1 Speen St, Framingham, MA 01701
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1314031
For Lease
1 / 2
$585,000
1 Speen St, Framingham, MA 01701
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
CONCRETE
Total area
60,889 SF
Lot
3.77 ac (164,352 SF)
Zoning code
M-1
APN
FRAM M:072 B:58 L:6415 U:000
UPID
US38-1314031
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Loyal Insurance Service Insurance Agency
-
MetroWest Daily News Media Distribution
-
Aquion Energy, Inc. Industrial Manufacturer Production Facility
-
Outcome Referrals Inc. Crisis Center Medical Clinic
-
Computerworld Inc Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
1 Speen Ma LLC · 3 yrs held
1 Speen Ma LLC
since 2022
Last sale
$566,650
7 recorded transactions
Zoning & alternative use
M-1 · Framingham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Framingham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Framingham submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$525,000
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $567k (Nov 1 2022)
Last sale anchor
$567k
Nov 1 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$10 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$209,434
Tax year 2024
Assessed value
$8,242,200
Assessed 2024
Previous assessed
$8,242,200
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$1,728,500
Assessed improvement
$6,513,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1980
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
7
Bathrooms
6
Total area
60,889 SF
Lot
3.77 ac (164,352 SF)
Zoning code
M-1
APN
FRAM M:072 B:58 L:6415 U:000
UPID
US38-1314031
Jurisdiction
FRAMINGHAM
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Framingham, MA
Zoning M-1 · permitted uses
M-1 · Framingham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Framingham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
7
Bathrooms
6
Lot
3.77 ac
Current owner
From public records · entity-resolved
1 Speen Ma LLC
Entity
Mailing address
116 FLANDERS RD STE #2000, WESTBOROUGH, MA 01581-1072
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2022
—
1 Speen Ma LLC
—
Deed
related
$8,500,000 · Carruth Partners LLC
Nov 1, 2022
$566,650
1 Speen Ma LLC
1 Speen LLC
Quit Claim Arm's Length For Ne States
—
Aug 17, 2020
—
1 Speen LLC
—
Deed
related
$9,433,350 · B3 Funding LLC
Feb 7, 2018
—
1 Speen LLC
—
Deed
related
$9,433,350 · B3 Funding LLC
Nov 15, 2011
—
1 Speen LLC
—
Deed Of Trust
related
$9,433,350 · Worth Funding INC
Jan 14, 2010
—
1 Speen LLC
—
Deed Of Trust
related
$9,433,350 · Worth Funding INC
Apr 1, 2009
—
1 Speen LLC
—
Deed Of Trust
related
$9,433,350 · Worth Funding INC
Sep 4, 2003
—
One Speen LLC
—
Deed Of Trust
related
$9,433,350 · Zuckerman Family Nomi
Mar 8, 2001
$10,481,500
One Speen LLC
Lumber Group INC
Grant Deed
$9,433,350 · Worth Funding INC
—
—
One Speen LLC
—
Deed Of Trust
related
$9,433,350 · B3 Fndg LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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