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Financial
Distress signals
Property profile

2 Central St Framingham, MA 01701

FOR LEASE
Other industrial properties
Property ID
US38-0313005
370,654 SF 17.55 ac lot Built 1900
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a flex space building constructed with red brick and a post-and-beam architectural style, featuring hardwood floors and accommodating a range of unit sizes from 1,660 to 6,440 square feet within a larger 400,000 square foot facility. Loading access is provided via tailboard-style loading, and the building includes on-site management. The site provides approximately 300 parking spaces for tenant and visitor use.

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 · 2020

What does the county charge?
$205k
Tax billed · 2020
Assessed value · 2024$8.56M
Assessed land$3.31M
Assessed improvement$5.25M
Effective rate2.40%

Value estimate

· Oct 2026
$24.04M
$21.63M – $26.44M
Submarket $/SF estimate$31.77M
NOI build-up
Gross scheduled income$13k
Vacancy & credit loss−$848
Operating expenses−$4k
NOI · 46,676.47% cap applied$8k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?
46,676.47%
$8k 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?
B-1
B-1), Community Business (B-2), General Business (B-3 and B-4), Central Business (CB), and Business (B). (1) Neighborhood Business: B-1. ...
General categoryMIXED_USE
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 agency13.0
Building Supply12.2
Dental Office12.0

Location

2 Central St Framingham, MA 01701
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file 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

3 recorded sales · 11 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
105 Pennsylvania, Framingham, MA 01701-8864 $13,488,660 Jan 2022 55,484 SF
33 New York, Framingham, MA 01701-8857 $95,000,000 Dec 2020 101,140 SF
1 The Mtn, Framingham, MA 01701-8803 $20,470,000 Dec 2020 176,681 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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