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Property profile & analytics
OFF-MARKET
Estimated value
$13,500,000
Warehouses
15 Liberty Way, Franklin, MA 02038-2556
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1727907
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
STEEL FRAME
Total area
86,802 SF
Lot
15 ac (653,400 SF)
APN
FRAN M:320 L:004
UPID
US38-1727907
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.87M
CAP Approach
CAP
$17.25M
Comparable Approach
Comparable
$15.06M
Blend (final)
Blend
$13.50M
Owner & transaction history
Atlantic Oliver 15 Librty · 5 yrs held
Atlantic Oliver 15 Librty
since 2021
Last sale
$11.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$22.2M
+48.1%
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
$14,830,000
ML approach
$11,870,000
CAP Approach
CAP Return
Estimation
6%
$18,685,000
6.5%
$17,250,000
7%
$16,015,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,005,000
Current use
COMMERCIAL (GENERAL)
$22,215,000
Change: +48% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$14,230,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$13.50M
Range $12.15M – $14.85M · ±10% · vs last sale $11.00M (Apr 15 2021)
Last sale anchor
$11.00M
Apr 15 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
$156 / 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
$91,245
Tax year 2024
Assessed value
$7,739,200
Assessed 2024
Previous assessed
$7,739,200
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$3,031,400
Assessed improvement
$4,707,800
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
1996
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
1
Units
3
Bathrooms
3
Total area
86,802 SF
Lot
15 ac (653,400 SF)
APN
FRAN M:320 L:004
UPID
US38-1727907
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
$15.0M
COMMERCIAL (GENERAL)
Est. value
$22.2M
INDUSTRIAL (GENERAL)
Est. value
$14.2M
WAREHOUSE, STORAGE Current
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
1996
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
1
Units
3
Bathrooms
3
Lot
15 ac
Current owner
From public records · entity-resolved
Atlantic Oliver 15 Librty
Individual
Mailing address
125 HIGH ST STE #220, BOSTON, MA 02110-2737
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
—
Atlantic 15 Liberty Way
—
Deed
related
$285,000,000 · Kref Capital LLC
Apr 15, 2021
$11,000,000
Atlantic Oliver 15 Librty
15 Liberty Way LLC
Quit Claim Arm's Length For Ne States
$9,397,000 · Harborone Bank
May 20, 2013
$4,325,000
15 Liberty Way LLC
Campanelli Franklin 1 LP
Quit Claim Deed
$1,777,000 · N E Business Finance
Nov 3, 1995
—
Franklin LP Campanelli
—
Deed Of Trust
related
$4,400,000 · Zuckerman Family Nomi
Dec 21, 1994
$675,000
Franklin LP Campanelli
Franklin Indus Pk T
Grant Deed
related
—
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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