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Financial
Distress signals
Property profile

119 Herbert St Framingham, MA 01702

FOR LEASE
Life science properties
Property ID
US38-2280484
38,988 SF 2.33 ac lot Built 1984
Last sale Aug 2021 · $3,150,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 3,700 square foot flex/industrial space is available for lease in a Class B building located in Middlesex County. Situated within a larger 42,416 square foot multi-tenant office and industrial complex, this unit offers a unique blend of functionality and convenience. Built in 1984, the building provides a well-established presence in the area. The space itself boasts a desirable array of features including a convenient drive-in access, enhancing ease of loading and unloading.…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$63k
Tax billed · 2024
Assessed value$2.46M
Assessed land$675k
Assessed improvement$1.79M
Effective rate2.54%

Value estimate

· Oct 2026
$2.98M
$2.68M – $3.28M
AI approach$3.02M
Submarket $/SF estimate$3.38M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$163/SF
County average, outlier-cleaned · 68 recorded sales of this use type
Observed band · Q1–Q3$84 – $269

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionFRAMINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Smoke and Vape Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Smoke and Vape Shop10.3
Catering Service8.9
Watch Repair Shop8.8

Location

119 Herbert St Framingham, MA 01702
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

11 properties in this city
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years, so the properties below are drawn from the whole city. They are neighbours, not transactions.
Comparable in this city
6 properties of the same type in this city
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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