New search
Property profile & analytics
OFF-MARKET
Estimated value
$50,985,000
Warehouses
15 Freedom Way, Franklin, MA 02038-2586
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0392221
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1993
Construction
STEEL FRAME
Total area
259,280 SF
Lot
20 ac (871,200 SF)
APN
FRAN M:330 L:029
UPID
US38-0392221
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
-
Barrett Distribution Center Distribution Center Logistics Company
-
Crown Packaging Corporation Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$51.52M
Comparable Approach
Comparable
$30.98M
Blend (final)
Blend
$50.99M
Owner & transaction history
Reep-ind Franlin Ma LLC · 4 yrs held
Reep-ind Franlin Ma LLC
since 2021
Last sale
$51.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$83.5M
+86.3%
Office building
$76.1M
+69.7%
Retail stores
$75.9M
+69.4%
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
$69,435,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$55,815,000
6.5%
$51,520,000
7%
$47,840,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$44,815,000
Current use
AUTO REPAIR, GARAGE
$83,495,000
Change: +86% · Conversion: Easy
OFFICE BUILDING
$76,060,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$75,915,000
Change: +69% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$74,485,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$66,360,000
Change: +48% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$42,510,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$50.99M
Range $45.89M – $56.08M · ±10% · vs last sale $51.50M (Sep 17 2021)
Last sale anchor
$51.50M
Sep 17 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
$197 / 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
$187,643
Tax year 2024
Assessed value
$15,915,400
Assessed 2024
Previous assessed
$15,915,400
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$7,501,600
Assessed improvement
$8,413,800
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
Off-Market
Year built
1993
Construction
STEEL FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
259,280 SF
Lot
20 ac (871,200 SF)
APN
FRAN M:330 L:029
UPID
US38-0392221
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
$44.8M
AUTO REPAIR, GARAGE
Est. value
$83.5M
OFFICE BUILDING
Est. value
$76.1M
RETAIL STORES
Est. value
$75.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$74.5M
COMMERCIAL (GENERAL)
Est. value
$66.4M
INDUSTRIAL (GENERAL)
Est. value
$42.5M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1993
Construction
STEEL FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
20 ac
Current owner
From public records · entity-resolved
Reep-ind Franlin Ma LLC
Entity
Mailing address
51 MADISON AVE, NEW YORK, NY 10010-1603
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2021
$51,500,000
Reep-ind Franlin Ma LLC
Freedom Dc LLC
Quit Claim Arm's Length For Ne States
—
Jun 17, 2013
—
Freedom Dc LLC
—
Deed Of Trust
related
$650,000 · South Eastern Econ Dev Corp
Jan 25, 2012
—
Freedom Dc LLC
—
Deed Of Trust
related
$1,762,926 · Bank Of America
Jan 25, 2007
—
Freedom Dc LLC
—
Deed Of Trust
related
$1,877,000 · South Eastern Econ Dev Corp
Nov 17, 2006
$13,467,000
Freedom Dc LLC
Circuit Mass Corp
Grant Deed
$11,640,000 · Bank Of America
Nov 17, 2006
—
Freedom Dc LLC
—
Deed Of Trust
related
$1,829,850 · Bank Of America
Feb 17, 1995
$9,845,561
Circuit Mass Corp
Circuit Distr Mass
Grant Deed
related
—
Oct 26, 1993
$8,518,417
Circuit Distribution
Industrial Dev Intl
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.
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 Freedom Way?
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.
