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Property profile & analytics
FOR LEASE
Office buildings
10 Speen St, Framingham, MA 01701
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US38-1614435
For Lease
1 / 2
$2,380,000
10 Speen St, Framingham, MA 01701
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Construction
STEEL FRAME
Total area
33,666 SF
Lot
2.12 ac (92,304 SF)
Zoning code
M
APN
FRAM M:072 B:59 L:6050 U:000
UPID
US38-1614435
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
-
Levitronix Technologies Inc Building Supply
-
Minuteman Wind ,LLC Power Station
-
Andrea E Arone Law Offices Law Firm
-
Rubenstein & Associates, PC Law Firm
-
Dr. Adriana Neagoe Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.84M
Blend (final)
Blend
$2.38M
Owner & transaction history
Gmg 10 Speen Street LLC · 14 yrs held
Gmg 10 Speen Street LLC
since 2012
7 recorded transactions
Zoning & alternative use
M · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.38M
Range $2.14M – $2.62M · ±10%
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
$71 / 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
$105,309
Tax year 2024
Assessed value
$4,144,400
Assessed 2024
Previous assessed
$4,144,400
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$1,228,600
Assessed improvement
$2,915,800
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
1976
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
16
Bathrooms
8
Total area
33,666 SF
Lot
2.12 ac (92,304 SF)
Zoning code
M
APN
FRAM M:072 B:59 L:6050 U:000
UPID
US38-1614435
Jurisdiction
FRAMINGHAM
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
M · Framingham, MA
Zoning M · permitted uses
M · 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
1976
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
16
Bathrooms
8
Lot
2.12 ac
Current owner
From public records · entity-resolved
Gmg 10 Speen Street LLC
Entity
Mailing address
7 DRYDOCK AVE, BOSTON, MA 02210-2303
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2020
—
Gmg 10 Speen Street LLC
—
Deed
related
$8,700,000 · East Boston Savings Bank
May 4, 2012
$3,700,000
Gmg 10 Speen Street LLC
10 Speen Street LLC
Grant Deed
related
$6,000,000 · 7 Drydock Avenue Boston T
Sep 2, 2008
—
10 Speen Street LLC
—
Deed Of Trust
related
$3,000,000 · Avidia Bank
Sep 21, 1998
—
10 Speen St LLC
—
Deed Of Trust
related
$3,000,000 · Worth Funding INC
Sep 28, 1993
—
Asa Properties INC
—
Deed Of Trust
related
$1,450,000 · Berkshire Life Ins Co
Oct 30, 1991
$1,500,000
Asa Properties INC
Phnb Rlty INC
Grant Deed
$1,050,000 · Grove Bank For Svgs
Mar 14, 1991
$1,800,000
Phnb Rlty INC
Ten Speen St Rlty Co
Grant Deed
—
Oct 4, 1988
—
Ten Speen St. Rlty
—
Deed Of Trust
related
$1,000,000 · Bank Of New England
Jul 17, 1987
—
Ten Speed St Rlty Co
—
Deed Of Trust
related
$4,200,000 · Bank Of New England
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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