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Property profile & analytics
FOR LEASE
Warehouses
125 Constitution Blvd, Franklin, MA 02038
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0153505
For Lease
1 / 2
$20,635,000
125 Constitution Blvd, Franklin, MA 02038
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
STEEL FRAME
Total area
134,410 SF
Lot
18.26 ac (795,362 SF)
APN
FRAN M:319 L:014
UPID
US38-0153505
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
-
Gardner Inc Distribution Center Logistics Company
-
Page's Automotive Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.44M
CAP Approach
CAP
$26.71M
Comparable Approach
Comparable
$23.20M
Blend (final)
Blend
$20.64M
Owner & transaction history
Mardini Franklin LLC · 5 yrs held
Mardini Franklin LLC
since 2020
Last sale
$19.9M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$13,440,000
CAP Approach
CAP Return
Estimation
6%
$28,935,000
6.5%
$26,710,000
7%
$24,800,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$23,230,000
Current use
INDUSTRIAL (GENERAL)
$22,035,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$20.64M
Range $18.57M – $22.70M · ±10% · vs last sale $19.91M (Dec 31 2020)
Last sale anchor
$19.91M
Dec 31 2020
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
$154 / 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
$140,556
Tax year 2024
Assessed value
$11,921,600
Assessed 2024
Previous assessed
$11,921,600
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$4,735,400
Assessed improvement
$7,186,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1997
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
1
Bathrooms
6
Total area
134,410 SF
Lot
18.26 ac (795,362 SF)
APN
FRAN M:319 L:014
UPID
US38-0153505
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
WAREHOUSE, STORAGE Current
Est. value
$23.2M
INDUSTRIAL (GENERAL)
Est. value
$22.0M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
1997
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
1
Bathrooms
6
Lot
18.26 ac
Current owner
From public records · entity-resolved
Mardini Franklin LLC
Entity
Mailing address
3641 INTERCHANGE RD, COLUMBUS, OH 43204-1499
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2020
$19,910,000
Mardini Franklin LLC
Franklin Capital LLC
Quit Claim Arm's Length For Ne States
$11,000,000 · Principal Mutual Life Ins Co
Jul 16, 2020
—
Infidyne LLC
—
Deed
related
$7,620,000 · Bridgewater Savings Bank
Apr 5, 2018
—
Franklin Capital LLC
—
Deed
related
$1,400,000 · Bridgewater Savings Bank
Dec 26, 2013
—
Franklin Capital LLC
—
Deed Of Trust
related
$2,125,000 · Bridgewater Savings Bank
Jan 10, 2006
$8,195,000
Franklin Capital LLC
Nd 125 Constitut Blvd LLC
Grant Deed
$3,300,000 · Bank Of America
Aug 19, 2004
$7,500,000
Nd 125 Constitution B LLC
Dunkin Bution Center INC
Grant Deed
$7,150,000 · Zuckerman Family Nomi
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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