Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15 Pleasant St Framingham, MA 01701-4707

    • Showrooms
    • 63,662 SF
    • 3.25 lot acres
    OFF-MARKET
    Value Estimations
    $7,305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1949125
    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

    • U-Haul Moving & Storage of Framingham-Southborough / Car Rental Facility
    • Moving Supplies at U-Haul / Big Box & Wholesale Store
    • Truck Sales at U-Haul / Car Dealership
    • Trailer Rental at U-Haul / Car Rental Facility
    • Truck Rental at U-Haul / Car Rental Facility

    Property Details for 15 Pleasant St

    Year built
    1969
    Construction
    STEEL FRAME
    Lot size
    3.25 lot acres
    Property size
    63,662 SF
    Zone code
    M
    Property type
    Showrooms
    APN
    FRAM M:095 B:83 L:3980 U:000
    APU
    FRAMM095B83L3980U000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,014,000
      Market price range: $5.63M - $15.9M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $11,010,000
      Current use
      OFFICE BUILDING
      $10,015,000
      Change: -9% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $9,770,000
      Change: -11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Framingham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.4918
    Latitude
    42.2987
    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
    $228,037
    $1,072,200
    $7,902,100
    $8,974,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $9,335,000
      101,742 SF

      740 Cochituate Rd

      SHOW ROOM, WAREHOUSE • 101,742 SF
      740 Cochituate Rd, Framingham, MA 01701-4667
      View Details
    • Value Estimation
      $7,840,000
      69,356 SF

      84 New York Ave

      SHOW ROOM, WAREHOUSE • 69,356 SF
      84 New York Ave, Framingham, MA 01701-8806
      View Details
    • Value Estimation by Request
      923 SF

      957th Worcester Rd

      SHOW ROOM, WAREHOUSE • 923 SF
      957th Worcester Rd, Framingham, MA 01701-5238
      View Details
    • Value Estimation
      $1,160,000
      25,654 SF

      1455 Concord St

      SHOW ROOM, WAREHOUSE • 25,654 SF
      1455 Concord St, Framingham, MA 01701-7773
      View Details
    • Value Estimation
      $2,540,000
      59,696 SF

      115 Pennsylvania Ave

      SHOW ROOM, WAREHOUSE • 59,696 SF
      115 Pennsylvania Ave, Framingham, MA 01701-8865
      View Details
    • Value Estimation
      $1,360,000
      8,438 SF

      497 Worcester Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,438 SF
      497 Worcester Rd, Framingham, MA 01701-5302
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Property with Showroom Potential

      Commercial property suitable for showroom or condo conversion project.
      429 Worcester Rd, Framingham, MA 01701
      View Details
    • Contact for pricing

      Turn-Key Retail Space on Golden Mile

      Fully renovated retail space in Framingham's thriving commercial corridor.
      419 Worcester Rd, Framingham, MA 01701
      View Details
    • Contact for pricing
      10,240 SF

      Two-Story Commercial Building For Sale

      10,240 SF building near I-90 and major retail.
      665 Cochituate Rd, Framingham, MA 01701
      View Details
    • $3,800,000
      0.68 Acres

      Framingham Office Building Investment

      Prime Office Space, High Visibility
      495 Old Connecticut Path, Framingham, MA 01701
      View Details
    • $4,666,000

      Framingham Mixed-Use Investment

      10,240 SF Office/Retail, Strong Income
      665 Cochituate Rd, Framingham, MA 01701
      View Details
    • Contact for pricing
      16,535 SF

      Framingham Mixed-Use Commercial Building

      16,535 SF mixed-use building in thriving MetroWest location.
      861 Edgell Rd, Framingham, MA 01701
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,750 SF

      Turn-Key Salon Space Available

      Fully renovated salon space with prime signage opportunities on Worcester Road.
      421 Worcester Rd, Framingham, MA 01701
      View Details
    • Contact for pricing
      2,952 SF

      Retail Space on Route 9

      Retail space with pylon signage and ample parking available for rent.
      140 Worcester Rd, Framingham, MA 01701
      View Details
    • Contact for pricing
      6,280 SF

      Framingham Flex/Retail Building For Rent

      6,280 SF flex/retail building with high visibility and ample parking.
      221 Worcester Rd, Framingham, MA 01701
      View Details
    • Contact for pricing
      946 SF

      Retail Space on Route 9

      Retail spaces available for lease on signalized Route 9.
      1255-1257 Worcester Rd, Framingham, MA 01701
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in High-Traffic Location

      Retail space for rent with ample parking and high-speed internet.
      847 Edgell Rd, Framingham, MA 01701
      View Details

    Property Visit Statistics

    • Visits by month
      1.6k
    • Visitors by month
      978
    • Avg Time on site
      25 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15 Pleasant St
    Framingham, MA 01701-4707
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!