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    Property profile & analytics
    OFF-MARKET Estimated value $12,000,000
    Office buildings

    124 Grv St, Franklin, MA 02038-3156

    110,612 SF 12.56 ac lot Built 1989
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US38-0172523
    Property summary
    AI-generated overview

    This exceptional Class A office building, located at 124 Grove Street in Franklin, Massachusetts, offers a rare opportunity for businesses seeking prestigious executive office space. The property boasts a total of 112,756 square feet across three stories, with 36,757 square feet currently vacant and available for lease. Units range from a minimum of 1,682 square feet to a maximum contiguous space of 9,119 square feet, providing flexibility for various business needs. The building features impressive architectural details including marble floors and an elegant oak and glass stairway. Ample parking is provided with 560 free surface spaces. The property benefits from robust electrical service, including 1,800 Amps, 460 volts, and 3-phase power. Situated on a 12.6-acre lot in Norfolk County, this location offers convenient access to amenities. Within a mile of the MBTA station at Forge Park, the building enjoys proximity to the vibrant Franklin Village Shopping Center, home to over 40 restaurants and retail stores. This is an unparalleled opportunity to establish your business in a highly desirable and well-connected location. The building is suitable for multiple tenants.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1989
    Construction STEEL FRAME
    Total area 110,612 SF
    Lot 12.56 ac (547,114 SF)
    APN FRAN M:295 L:003
    UPID US38-0172523
    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
    • SyTech (Bike/Boat/Book/etc) Store Corporate Office
    • TRC Companies Corporate Office
    • Back to Business Business Service Center Employment Agency
    • Accolade Technology: Intelligent FPGA-based Host CPU Offload 1-100GE NIC's & Platforms Corporate Office
    • Quadrant Software (Bike/Boat/Book/etc) Store Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $12.00M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $7.50M
    Blend (final) Blend
    $12.00M
    Owner & transaction history
    Neag Real Estate LLC · 2 yrs held
    Neag Real Estate LLC
    since 2024
    Last sale
    $12.0M
    7 recorded transactions
    2024
    $12.0M
    2024
    2024
    2024
    2011
    2007
    2001
    $12.6M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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