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Property profile & analytics
OFF-MARKET
Estimated value
$1,625,000
Office buildings
101 Irving St, Framingham, MA 01702
Entity Owned
29-yr Hold
~
Est. High Equity
Property ID
US38-2379707
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1925
Construction
FRAME
Total area
25,345 SF
Lot
0.64 ac (27,966 SF)
Zoning code
CB
APN
FRAM M:135 B:85 L:8360 U:000
UPID
US38-2379707
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.63M
Owner & transaction history
Mjd Dev LLC · 29 yrs held
Mjd Dev LLC
since 1997
7 recorded transactions
Zoning & alternative use
CB · 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
$1.63M
Range $1.46M – $1.79M · ±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
$64 / 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
$45,746
Tax year 2024
Assessed value
$1,800,300
Assessed 2024
Previous assessed
$1,800,300
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$227,500
Assessed improvement
$1,572,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Off-Market
Year built
1925
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
2
Bathrooms
2
Total area
25,345 SF
Lot
0.64 ac (27,966 SF)
Zoning code
CB
APN
FRAM M:135 B:85 L:8360 U:000
UPID
US38-2379707
Jurisdiction
FRAMINGHAM
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CB · Framingham, MA
Zoning CB · permitted uses
CB · 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
1925
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
2
Bathrooms
2
Lot
0.64 ac
Current owner
From public records · entity-resolved
Mjd Dev LLC
Entity
Mailing address
2 TEMPLE ST, FRAMINGHAM, MA 01702-2401
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2021
—
Irving Historical LLC
—
Deed
related
$1,350,000 · Northern Bank & Trust Co
Mar 9, 2012
—
105 Irving LLC
—
Deed Of Trust
related
$729,000 · Cambridge Savings Bank
Jan 18, 2008
—
105 Irving LLC
—
Deed Of Trust
related
$500,000 · Sovereign Bank
Dec 11, 2006
—
105 Irving LLC
—
Deed Of Trust
related
$500,000 · Peoples Fsb
Nov 23, 2004
—
105 Irving LLC
—
Grant Deed
related
$500,000 · Sovereign Bank
Apr 25, 1997
$230,000
Mjd Dev LLC
Midland Loan Svcs
Grant Deed
—
Sep 1, 1992
—
Cdm Rlty Corp
—
Deed Of Trust
related
$16,667 · Bay Bank
Aug 8, 1990
—
C M D RT
—
Deed Of Trust
related
$100,000 · Neworld Bank Svgs
Nov 27, 1989
—
T Cdm
—
Deed Of Trust
related
$1,950,000 · Home Owners Fed Savbk
Feb 23, 1989
—
Cdm RT
—
Deed Of Trust
related
$350,000 · Us Trust Middlesex
Sep 9, 1988
—
Cdm RT
—
Deed Of Trust
related
$1,490,000 · Home Fsb
May 15, 1987
—
C.d.m. Trust
—
Deed Of Trust
related
$800,000 · 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.
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