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    OFF-MARKET Estimated value $3,135,000
    Life science properties

    119 Herbert St, Framingham, MA 01702-8774

    38,988 SF 2.33 ac lot Built 1984
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US38-2280484
    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. Inside, you'll find a thoughtfully designed layout incorporating private offices, ideal for maintaining confidentiality and fostering productivity. A fully equipped kitchenette provides a comfortable space for employees, while a dedicated reception area ensures a professional first impression. Climate control is ensured with the inclusion of heating and air conditioning systems, guaranteeing a comfortable working environment year-round. This versatile space is perfect for a variety of businesses seeking a functional and well-appointed workspace in a prime Middlesex County location. The immediate availability of this 3,700 square foot unit presents a timely opportunity for businesses seeking to expand or relocate. Don't miss out on this chance to secure a highly desirable space in a well-maintained building.

    Property profile
    Verified
    Property type Life science properties
    Use group R&D FACILITY, LABS, PHARMA
    Year built 1984
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 38,988 SF
    Lot 2.33 ac (101,495 SF)
    APN FRAM M:141 B:93 L:2123 U:000
    UPID US38-2280484
    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
    • Rapid Response Plumbing and HVAC HVAC Service General Contractor
    • Woojn Lee Medical Supply Store
    • ROVE Plant Jam DBA (Cloud Creamery LLC) Corporate Office
    • Lagoinha Framingham Church Church
    • Temp Engineering Division Comfort Hardware & Home Improvement HVAC Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.02M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.38M
    Blend (final) Blend
    $3.14M
    Owner & transaction history
    119 Herbert LLC · 4 yrs held
    119 Herbert LLC
    since 2021
    Last sale
    $3.2M
    3 recorded transactions
    2023
    2022
    2021
    $3.2M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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