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Property profile & analytics
OFF-MARKET
Estimated value
$4,875,000
Manufacturing properties
120 Constitution Blvd Franklin, MA 02038-2572
Individually Owned
5-yr Hold
Free & Clear
Property ID
US38-1398172
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Construction
STEEL FRAME
Total area
29,859 SF
Lot
3.25 ac (141,570 SF)
APN
FRAN M:319 L:016
UPID
US38-1398172
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
-
iAutomation Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.93M
CAP Approach
CAP
$4.89M
Comparable Approach
Comparable
$4.70M
Blend (final)
Blend
$4.88M
Owner & transaction history
Lrf 2 Bos Constitution · 5 yrs held
Lrf 2 Bos Constitution
since 2021
Last sale
$3.7M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.6M
+56.1%
Warehouse, storage
$5.2M
+5.4%
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
$4,990,000
ML approach
$4,930,000
CAP Approach
CAP Return
Estimation
6%
$5,295,000
6.5%
$4,885,000
7%
$4,535,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,895,000
Current use
COMMERCIAL (GENERAL)
$7,640,000
Change: +56% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,160,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$4.88M
Range $4.39M – $5.36M · ±10% · vs last sale $3.70M (May 12 2021)
Last sale anchor
$3.70M
May 12 2021
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
$163 / 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
$40,780
Tax year 2024
Assessed value
$3,458,900
Assessed 2024
Previous assessed
$3,458,900
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,157,600
Assessed improvement
$2,301,300
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
1
Units
2
Bathrooms
4
Total area
29,859 SF
Lot
3.25 ac (141,570 SF)
APN
FRAN M:319 L:016
UPID
US38-1398172
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
INDUSTRIAL (GENERAL) Current
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$7.6M
WAREHOUSE, STORAGE
Est. value
$5.2M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1989
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
1
Units
2
Bathrooms
4
Lot
3.25 ac
Current owner
From public records · entity-resolved
Lrf 2 Bos Constitution
Individual
Free & Clear · 5 yrs held
Mailing address
13218 W BROWARD BLVD, PLANTATION, FL 33325-2228
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2022
—
Lrf 2 Bos Consti Blvd
—
Deed
related
$64,105,000 · Us Bank NA
May 12, 2021
$3,700,000
Lrf 2 Bos Constitution
Ravan RT
Quit Claim Arm's Length For Ne States
—
Sep 2, 2003
—
Raven RT
—
Deed Of Trust
related
$1,225,000 · Fleet National Bank
May 25, 1994
—
Ravan RT
—
Deed Of Trust
related
$905,000 · Us Trust Co
Feb 26, 1988
$243,750
Ravan RT
Harrity Tr,michael
Grant Deed
—
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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