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    11 Pleasant St Framingham, MA 01701-4707

    • Office buildings
    • 25,372 SF
    • 0.63 lot acres
    OFF-MARKET
    Value Estimation
    $2,900,000
    Last Sale
    Jul 01, 2024
    $2,925,000
    Location Intelligence
    Property ID
    US38-0652430
    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

    • Genzyme Corporation / Corporate Office

    Property Details for 11 Pleasant St

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    0.63 lot acres
    Property size
    25,372 SF
    Zone code
    M
    Property type
    Office buildings
    APN
    FRAM M:095 B:83 L:5616 U:000
    APU
    FRAMM095B83L5616U000

    Description

    This exceptional three-story, Class B executive office building, located at 11 Pleasant St in Framingham, MA (01701), offers 25,200 square feet of versatile space. Situated on a 1.7-acre lot, the property boasts approximately 8,400 square feet per floor, easily accommodating multi-tenant occupancy. Amenities include 83 parking spaces (19 covered), a single elevator, 24-hour access, central heating and air conditioning, a drop ceiling, fully carpeted floors, and abundant natural light. The building features an atrium and controlled access for enhanced security. Each suite includes a kitchenette. Excellent signage visibility is available. The property's previous use as Genzyme's offices makes it ideally suited for medical or biotechnology tenants. The building's location in Middlesex County provides convenient access to major transportation routes.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,925,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,125,000
      6.5%
      $2,665,000
      7%
      $2,620,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,660,000
      Geo Method
      $2,990,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,615,000
      Retail
      $2,860,000
      Mixed-Use
      $2,930,000
      Hospitality
      $2,895,000
      Educational
      $2,725,000
      Residential Income
      $3,070,000
      Energy
      $2,990,000
      Income-Based Land
      $2,450,000
      Food Service
      $2,970,000

    Location Insight

    • Map
    • Local Demand
    City
    Framingham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.4913
    Latitude
    42.2982
    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
    2024
    $86,691
    $257,300
    $3,154,400
    $3,411,700
    -
    $0.00
    $0.00
    $0.00

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      73,924 SF

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    • Value Estimation by Request
      64,517 SF

      1891 Worcester Rd

      OFFICE BUILDING • 64,517 SF
      1891 Worcester Rd, Framingham, MA 01701
      View Details

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      Framingham Mixed-Use Investment

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    Similar Nearby for Lease

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    • $24 SF/Yr
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    Framingham, MA 01701-4707
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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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