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    Property profile & analytics

    131 Fisher St Franklin, MA 02038

    • Manufacturing properties
    • 24,098 SF
    • 0.79 lot acres
    For Lease
    View listing
    Value Estimations
    $825,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0382771
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Greenscape Interior Inc / Landscape Designer / Landscape Architect

    Property Details for 131 Fisher St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.79 lot acres
    Property size
    24,098 SF
    Property type
    Manufacturing properties
    APN
    FRAN M:287 L:116
    APU
    FRANM287L116

    Description

    This exceptional 2,500-square-foot warehouse property in Franklin, Massachusetts, presents a fantastic opportunity for businesses seeking efficient and versatile space. Located at 131 Fisher Street, this single-tenant industrial building offers immediate occupancy. The property boasts convenient loading dock access and a drive-in door, ensuring seamless logistics for your operations. Beyond the main warehouse area, ample outdoor yard space is available, providing valuable additional parking and storage capacity. Situated in Norfolk County, this "mill building" style structure benefits from its proximity to Dean College, offering a strategic location for businesses seeking a blend of accessibility and a vibrant community setting. The entire 2,500 square feet is currently vacant, ready for immediate customization to meet your specific operational needs. The property's address is 131 Fisher Street, Franklin, MA 02038. This is a single-tenant property, offering a unique opportunity for a business to establish a strong presence in a desirable location. The property's industrial classification and warehouse subtype make it suitable for a wide range of uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $665,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $990,000
      Market price range: $990k - $5.08M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.408
    Latitude
    42.0797
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,149
    $321,600
    $454,400
    $776,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $945,000
      120,824 SF

      16 Frg Pkwy

      MANUFACTURING (LIGHT) • 120,824 SF
      16 Frg Pkwy, Franklin, MA 02038-3157
      View Details
    • Value Estimation by Request
      35,635 SF

      13 Kenwood Cir

      MANUFACTURING (LIGHT) • 35,635 SF
      13 Kenwood Cir, Franklin, MA 02038
      View Details
    • Value Estimation
      $1,060,000
      62,446 SF

      115 Constitution Blvd

      MANUFACTURING (LIGHT) • 62,446 SF
      115 Constitution Blvd, Franklin, MA 02038-2584
      View Details
    • Value Estimation
      $890,000
      111,312 SF

      5 Frg Pkwy

      MANUFACTURING (LIGHT) • 111,312 SF
      5 Frg Pkwy, Franklin, MA 02038-3135
      View Details
    • Value Estimation
      $13,570,000
      59,840 SF

      130 Constitution Blvd

      MANUFACTURING (LIGHT) • 59,840 SF
      130 Constitution Blvd, Franklin, MA 02038-2544
      View Details
    • Value Estimation by Request
      12,978 SF

      231 Cottage St

      MANUFACTURING (LIGHT) • 12,978 SF
      231 Cottage St, Franklin, MA 02038-3006
      View Details

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    Similar Nearby for Lease

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      Franklin Warehouse in Kenwood Park

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      View Details
    • Contact for pricing
      2,500 SF

      Franklin Warehouse: 2,500 SF

      Prime Franklin warehouse, ideal for various uses.
      131 Fisher St, Franklin, MA 02038
      View Details
    • $10 SF/Yr

      Franklin Commercial Space For Rent

      Flex space with exposed brick and loading dock.
      5 Fisher St, Franklin, MA 02038
      View Details
    • $10 SF/Yr

      Franklin Warehouse Space For Lease

      73,805 SF warehouse space available in Franklin, MA.
      5 Fisher St, Franklin, MA 02038
      View Details
    • $1,900 /Mo
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      Industrial Condo For Lease

      1500 SF industrial condo with office and warehouse space.
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    • $8 SF/Yr
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      Franklin Industrial Office Complex

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      View Details
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    131 Fisher St
    Franklin, MA 02038
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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