New search
Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Theaters & concert halls
15 Central St, Franklin, MA 02038-2186
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0586400
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1988
Construction
STEEL FRAME
Total area
12,790 SF
Lot
0.54 ac (23,344 SF)
APN
FRAN M:279 L:021
UPID
US38-0586400
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
-
Garrey Motors Auto Repair Shop Motorcycle Shop
-
Franklin Performing Arts Company Theater & Performing Art Venue
-
Murphy Business Business Management Consultant
-
THE BLACK BOX Theater & Performing Art Venue
-
time's up, llc Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$535k
Owner & transaction history
Aaron Williams LLC · 1 yrs held
Aaron Williams LLC
since 2025
7 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
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
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
$42 / 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
$12,369
Tax year 2024
Assessed value
$1,049,100
Assessed 2024
Previous assessed
$1,049,100
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$353,600
Assessed improvement
$695,500
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Bathrooms
6
Total area
12,790 SF
Lot
0.54 ac (23,344 SF)
APN
FRAN M:279 L:021
UPID
US38-0586400
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
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Bathrooms
6
Lot
0.54 ac
Current owner
From public records · entity-resolved
Aaron Williams LLC
Entity
Mailing address
211 PROSPECT ST, FRANKLIN, MA 02038-3405
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2025
$950,000
Aaron Williams LLC
Ferrara Ft
Deed
$586,633 · Walpole Cooperative Bank
Sep 29, 2016
—
Jomi Enterprises LLC
—
Deed
related
$435,000 · Charles River Bank
Jul 20, 2007
$500,000
Jomi Enterprises LLC
Jaromi Nt
Grant Deed
$525,000 · Ben Franklin Savings Bank
Jul 20, 2007
—
Jomi Enterprises LLC
—
Deed Of Trust
related
$525,000 · Ben Franklin Savings Bank
Nov 8, 1993
$460,000
Lizotte Tr,roger E
Benjamin Franklin Sb
Grant Deed
$414,000 · Ben Franklin Savings Bank
Jan 6, 1993
$548,000
Benjamin Franklin Sb
Crowley Robert E Est
Grant Deed
—
Sep 26, 1990
—
Crowley,robert E Tr
—
Deed Of Trust
related
$40,000 · Ben Franklin Savings Bank
Jun 16, 1988
—
Crowley,robert E Tr
—
Deed Of Trust
related
$650,000 · Ben Franklin Savings Bank
Jun 15, 1988
—
Crowley,robt E Tr
—
Deed Of Trust
related
$650,000 · Ben Franklin Savings Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 15 Central St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
