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Property profile & analytics
FOR LEASE
Warehouses
165 Grove St, Franklin, MA 02038
Entity Owned
8-yr Hold
Free & Clear
Property ID
US38-0545988
For Lease
$8,745,000
165 Grove St, Franklin, MA 02038
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Construction
STEEL FRAME
Total area
90,000 SF
Lot
9.32 ac (406,066 SF)
APN
FRAN M:306 L:040
UPID
US38-0545988
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
-
Target Specialty Products Chemical Plant Agricultural Supply
-
Interior Specialists Interior Design Home Decor Store
-
Eaton Electrical Building Supply Electrical Service
-
Centurion Medical Products Medical Supply Store
-
Advanced Flooring & Design LLC Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.75M
Owner & transaction history
Trpf 157 165 Grove St LLC · 8 yrs held
Trpf 157 165 Grove St LLC
since 2018
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$97 / 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
$84,261
Tax year 2024
Assessed value
$7,146,800
Assessed 2024
Previous assessed
$7,146,800
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$3,006,700
Assessed improvement
$4,140,100
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
For Lease
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
5
Rooms
6
Bathrooms
13
Total area
90,000 SF
Lot
9.32 ac (406,066 SF)
APN
FRAN M:306 L:040
UPID
US38-0545988
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
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
5
Rooms
6
Bathrooms
13
Lot
9.32 ac
Current owner
From public records · entity-resolved
Trpf 157 165 Grove St LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 30428, CHARLOTTE, NC 28230-0428
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2018
$8,857,356
Trpf 157 165 Grove St LLC
Gre Grove Street 1 LLC
Quit Claim Deed
—
Jul 16, 2007
$8,560,000
Gre Grove Street 1 LLC
1 Grove LLC
Grant Deed
—
Jun 2, 2003
—
One Grove LLC
—
Deed Of Trust
related
$4,900,000 · Column Financial INC
Apr 25, 2002
$956,279
Grove LLC
Grove Park Corp
Grant Deed
related
—
Apr 2, 1992
$170,000
Grove Park Corp
Fed Dep Ins Corp
Grant Deed
$135,000 · Dean Coop Bank
Nov 13, 1987
$111,000
Willis P Putney JR.
Travers Tr,raymond
Grant Deed
$77,000 · Milford 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?”
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