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Property profile & analytics
FOR LEASE
Life science properties
101 Constitution Blvd Franklin, MA 02038
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US38-0536962
For Lease
$1,805,000
101 Constitution Blvd, Franklin, MA 02038
View Listing →
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1987
Construction
STEEL FRAME
Total area
63,355 SF
Lot
7.38 ac (321,299 SF)
APN
FRAN M:320 L:005
UPID
US38-0536962
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
-
Thermo Fisher Scientific Corporate Office
-
Kiessling Administration Office Handicapped Transportation Service
-
Regency Transportation Trucking Company
-
National Seating & Mobility Medical Supply Store Mobility Equipment Supplier
-
Cohesive Technologies Inc Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.81M
Owner & transaction history
101 Constitution Blvd · 11 yrs held
101 Constitution Blvd
since 2015
7 recorded transactions
Zoning & alternative use
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 Franklin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin 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
Alternative Use
Use
Estimation
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL
$2,945,000
Current use
Blend value · Realmo final
$1.81M
Range $1.62M – $1.99M · ±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
$28 / 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
$86,628
Tax year 2024
Assessed value
$7,347,600
Assessed 2024
Previous assessed
$7,347,600
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,332,600
Assessed improvement
$5,015,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
For Lease
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
6
Bathrooms
16
Total area
63,355 SF
Lot
7.38 ac (321,299 SF)
APN
FRAN M:320 L:005
UPID
US38-0536962
Jurisdiction
FRANKLIN
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
Est. value
$2.9M
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
6
Bathrooms
16
Lot
7.38 ac
Current owner
From public records · entity-resolved
101 Constitution Blvd
Individual
Mailing address
1 VAN DE GRAAFF DR, BURLINGTON, MA 01803-5188
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2021
—
101 Constitution Blvd LLC
—
Deed
related
$6,000,000 · Westfield Bank Fsb
Mar 19, 2015
$5,500,000
101 Constitution Blvd
Liberty Property LP
Quit Claim Arm's Length For Ne States
$3,000,000 · Chicopee Savings Bank
Oct 18, 2013
—
Liberty Property LP
Cabot 3 Ma1w4 LLC
Quit Claim Deed
related
—
Sep 25, 2012
$4,150,000
Cabot 3 Ma1w04 LLC
Columbia Massachusetts Co
Grant Deed
—
Aug 3, 2009
—
Columbia Mass Constit
—
Deed Of Trust
related
$29,000,000 · Wells Fargo Mortgage
Dec 13, 2007
$6,500,000
Columbia Mass Constit
Franklin Industrial LLC
Grant Deed
—
Jun 30, 2005
$5,440,559
Franklin Industrial LLC
First Franklin T
Grant Deed
$7,400,000 · Prudential Insurance Co
Mar 15, 1996
—
Franklin T First
—
Deed Of Trust
related
$5,215,000 · Bear Stevens Funding
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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