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    Property profile & analytics

    16 Franklin St Needham, MA 02494-2952

    • Office buildings
    • 6,684 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimation
    $535,000
    Last Sale
    Dec 15, 2020
    Location Intelligence
    Property ID
    US38-1755573
    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

    • Benefits Consultants Inc / Consultant
    • Pension Service Consultants / Insurance Agency
    • Integrated Financial Corporation / Financial Planner

    Property Details for 16 Franklin St

    Lot size
    0.77 lot acres
    Property size
    6,684 SF
    Zone code
    M128
    Property type
    Office buildings
    APN
    NEED M:075.0 B:0002 L:0000.0
    APU
    NEEDM0750B0002L00000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $470,000

    • CAP approach

      CAP return
      Estimation
      6%
      $715,000
      6.5%
      $695,000
      7%
      $685,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $670,000
      Geo Method
      $700,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $740,000
      Retail
      $685,000
      Mixed-Use
      $540,000
      Hospitality
      $715,000
      Educational
      $660,000
      Residential Income
      $745,000
      Energy
      $610,000
      Income-Based Land
      $560,000
      Food Service
      $665,000

    Location Insight

    • Map
    • Local Demand
    City
    Needham
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2235
    Latitude
    42.305
    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
    $18,700
    $301,800
    $459,300
    $761,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.02 Acres

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      OFFICE BUILDING • 1.02 Acres
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    • Value Estimation
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      8,080 SF

      87 Cres Rd

      OFFICE BUILDING • 8,080 SF
      87 Cres Rd, Needham, MA 02494-1437
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    • Value Estimation by Request
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      100 Cres Rd

      OFFICE BUILDING • 18,546 SF
      100 Cres Rd, Needham, MA 02494-1443
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    • Value Estimation by Request
      7,740 SF

      225 Highland Ave

      OFFICE BUILDING • 7,740 SF
      225 Highland Ave, Needham, MA 02494-3045
      View Details
    • Value Estimation
      $8,925,000
      69,144 SF

      175 Highland Ave

      OFFICE BUILDING • 69,144 SF
      175 Highland Ave, Needham, MA 02494-3034
      View Details
    • Value Estimation by Request
      33,000 SF

      10 Kearney Rd

      OFFICE BUILDING • 33,000 SF
      10 Kearney Rd, Needham, MA 02494-2511
      View Details

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    • Contact for pricing
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    • New
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    Similar Nearby for Lease

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      3,900 SF

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      Well-positioned office building with recent common area and amenity updates.
      35 Highland Cir, Needham Heights, MA 02494
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      250 1St Ave, Needham, MA 02494
      View Details
    • $42 SF/Yr
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      Class A Office Space Available

      Class A office building with renovated common areas and parking.
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    • Contact for pricing
      11,886 SF

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    16 Franklin St
    Needham, MA 02494-2952
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    Realmo Value Estimation

    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.

    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.

    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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