New search
Property profile & analytics
FOR LEASE
Industrial properties
2 Central St, Framingham, MA 01701
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0313005
For Lease
1 / 2
$17 SF/Yr
2 Central St, Framingham, MA 01701
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
370,654 SF
Lot
17.55 ac (764,478 SF)
Zoning code
B-1
APN
FRAM M:050 B:22 L:9616 U:000
UPID
US38-0313005
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
-
MTechnology, Inc. Engineering Consultant Electrical Engineer
-
Painting Plus More Painting Service General Contractor
-
Twenty 3 Designs (Bike/Boat/Book/etc) Store
-
Allie Keast Jewelry (Bike/Boat/Book/etc) Store
-
Fleetclassic Marketing & Advertising IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$31.77M
Blend (final)
Blend
$24.04M
Owner & transaction history
Saxonville RT · 1 yrs held
Saxonville RT
since 2025
6 recorded transactions
Zoning & alternative use
B-1 · Framingham, MA
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 Framingham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Framingham 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$24.04M
Range $21.63M – $26.44M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$65 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$205,273
Tax year 2020
Assessed value
$8,564,500
Assessed 2024
Previous assessed
$8,564,500
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$3,311,100
Assessed improvement
$5,253,400
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
9
Stories
3
Units
52
Bathrooms
4
Total area
370,654 SF
Lot
17.55 ac (764,478 SF)
Zoning code
B-1
APN
FRAM M:050 B:22 L:9616 U:000
UPID
US38-0313005
Jurisdiction
FRAMINGHAM
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Framingham, MA
Zoning B-1 · permitted uses
B-1 · Framingham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Framingham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
3
Buildings
9
Units
52
Bathrooms
4
Lot
17.55 ac
Current owner
From public records · entity-resolved
Saxonville RT
Individual
Mailing address
2 CENTRAL ST STE #100, FRAMINGHAM, MA 01701-4188
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Jan 27, 2025
—
Saxonville RT
—
Deed
related
$1,200,000 · Brookline Bank
Nov 5, 2013
—
Creative Dev Mgmt LLC
—
Deed Of Trust
related
$4,998,000 · Brookline Savings Bank
Aug 2, 2013
—
Saxonville RT
—
Deed Of Trust
related
$4,000,000 · Brookline Savings Bank
Sep 30, 2010
—
Saxonville RT
—
Deed Of Trust
related
$1,750,000 · Brookline Savings Bank
Jul 23, 2010
—
Saxonville RT
—
Deed Of Trust
related
$2,500,000 · Brookline Savings Bank
Mar 15, 2004
—
Saxonville RT
—
Deed Of Trust
related
$1,720,000 · Brookline Savings 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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
