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Property profile & analytics
OFF-MARKET
Estimated value
$31,490,000
Warehouses
206 Grv St, Franklin, MA 02038-3119
Entity Owned
Free & Clear
Property ID
US38-2546591
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2021
Construction
CONCRETE
Total area
152,752 SF
Lot
10.21 ac (444,922 SF)
APN
FRAN M:311 L:001-001
UPID
US38-2546591
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
-
UPS Customer Center Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$30.36M
Comparable Approach
Comparable
$32.49M
Blend (final)
Blend
$31.49M
Owner & transaction history
Areit Franklin Lc LLC
Areit Franklin Lc LLC
since 2026
Last sale
$32.4M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$49.2M
+86.3%
Office building
$44.8M
+69.7%
Retail stores
$44.7M
+69.4%
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
Method
Estimation
Statistic approach
$29,800,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$32,885,000
6.5%
$30,355,000
7%
$28,185,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$26,400,000
Current use
AUTO REPAIR, GARAGE
$49,190,000
Change: +86% · Conversion: Easy
OFFICE BUILDING
$44,810,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$44,725,000
Change: +69% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$43,885,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$39,095,000
Change: +48% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$25,045,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$31.49M
Range $28.34M – $34.64M · ±10% · vs last sale $32.40M (Jan 2 2026)
Last sale anchor
$32.40M
Jan 2 2026
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
$206 / 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
$196,813
Tax year 2024
Assessed value
$16,693,200
Assessed 2024
Previous assessed
$16,693,200
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$3,434,700
Assessed improvement
$13,258,500
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
Off-Market
Year built
2021
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
152,752 SF
Lot
10.21 ac (444,922 SF)
APN
FRAN M:311 L:001-001
UPID
US38-2546591
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$26.4M
AUTO REPAIR, GARAGE
Est. value
$49.2M
OFFICE BUILDING
Est. value
$44.8M
RETAIL STORES
Est. value
$44.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$43.9M
COMMERCIAL (GENERAL)
Est. value
$39.1M
INDUSTRIAL (GENERAL)
Est. value
$25.0M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2021
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
10.21 ac
Current owner
From public records · entity-resolved
Areit Franklin Lc LLC
Entity
Free & Clear · 0 yrs held
Mailing address
206 GRV ST, FRANKLIN, MA 02038-3119
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2026
$32,400,000
Areit Franklin Lc LLC
83 Gf206 Owner LLC
Deed
—
Mar 11, 2024
—
83 Gf206 Owner LLC
—
Deed
related
$92,150,000 · Sumitomo Mitsui Banking Corporation
Jul 27, 2023
$28,000,000
83 Gf206 Owner LLC
Mcp III 206 Grove LLC
Quit Claim Arm's Length For Ne States
—
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.
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