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Financial
Distress signals
Property profile

190 Fountain St Framingham, MA 06515

FOR SALE
Manufacturing properties
Property ID
US38-0760363
29,028 SF 1.07 ac lot Built 1956
Last sale Feb 2022 · $6,575,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This ±32,696 square foot warehouse building at 190 Fountain Street in Framingham, Massachusetts, presents a unique investment opportunity. Located in Middlesex County, zip code 01702, this industrial property, built in 1956, offers flexible space options ranging from a minimum of 2,100 square feet to a maximum contiguous space of 16,595 square feet. Currently, 36,695 square feet is vacant and available for lease or purchase. The building features three loading docks, high ceilings ranging…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$155k
Tax billed · 2024
Assessed value$6.09M
Assessed land$928k
Assessed improvement$5.16M
Effective rate2.54%

Value estimate

· Oct 2026
$5.64M
$5.07M – $6.20M
AI approach$5.70M
CAP approach$4.75M
Submarket $/SF estimate$7.38M
NOI build-up
Gross scheduled income$526k
Vacancy & credit loss−$29k
Operating expenses−$149k
NOI · 7.73% cap applied$348k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$154/SF
County average, outlier-cleaned · 345 recorded sales of this use type
Observed band · Q1–Q3$86 – $254
Qualifying comparables5

Cap rate analysis

How does the asset earn?
7.73%
$348k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
M
General Manufacturing: M. The purpose of the Manufacturing District is to provide areas within Framingham where research and development,...
General categoryINDUSTRIAL
JurisdictionFRAMINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency21.5
Storage Facility13.9
Auto Parts Store13.3

Location

190 Fountain St Framingham, MA 06515
County assessor Recorded deeds · 11 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 10 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
763 Waverley, Framingham, MA 01702-8567 $2,500,000 May 2023 39,430 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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