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Property profile & analytics
OFF-MARKET
Estimated value
$3,855,000
Retail properties & Spaces
215 Worcester Rd, Framingham, MA 01701-5347
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US38-0266074
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1998
Construction
STEEL FRAME
Total area
17,305 SF
Lot
1.78 ac (77,537 SF)
Zoning code
B
APN
FRAM M:093 B:24 L:4073 U:000
UPID
US38-0266074
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
-
Yale Appliance Home Appliance Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.83M
Comparable Approach
Comparable
$5.14M
Blend (final)
Blend
$3.86M
Owner & transaction history
Nchwu LLC · 11 yrs held
Nchwu LLC
since 2015
7 recorded transactions
Zoning & alternative use
B · Framingham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.0M
+35.2%
Auto repair, garage
$4.9M
+31.1%
Neighborhood: shopping center
$4.8M
+29.0%
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%
$4,145,000
6.5%
$3,825,000
7%
$3,555,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,715,000
Current use
RESTAURANT
$5,025,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,870,000
Change: +31% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,795,000
Change: +29% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,985,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,990,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$3.86M
Range $3.47M – $4.24M · ±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
$223 / 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
$129,123
Tax year 2024
Assessed value
$5,081,600
Assessed 2024
Previous assessed
$5,081,600
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$1,032,000
Assessed improvement
$4,049,600
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
17,305 SF
Lot
1.78 ac (77,537 SF)
Zoning code
B
APN
FRAM M:093 B:24 L:4073 U:000
UPID
US38-0266074
Jurisdiction
FRAMINGHAM
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
B · Framingham, MA
Zoning B · permitted uses
B · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.7M
RESTAURANT
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$3.0M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (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
1998
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
1.78 ac
Current owner
From public records · entity-resolved
Nchwu LLC
Entity
Mailing address
75 CAMPANELLI PKWY, STOUGHTON, MA 02072-3703
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2015
$4,100,000
Nchwu LLC
Salvation Army INC
Quit Claim Deed
$3,485,000 · Bank Of America
Sep 8, 2010
$3,670,000
Salvation Army INC
Smiley Face LLC
Grant Deed
—
Mar 22, 2010
$2,800,000
Smiley Face LLC
Henry Cormier Ret
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
$1,800,000 · Henry Cormier Ret
Aug 21, 2000
—
Garo Framingham LLC
—
Deed Of Trust
related
$3,600,000 · Merrill Lynch Credit Corp
Sep 11, 1998
—
Garo Framingham LLC
—
Deed Of Trust
related
$225,000 · Boston Federal Savings Bank
Jan 21, 1998
$350,000
Garo Framingham LLC
Carob RT
Grant Deed
$3,250,000 · Boston Federal Savings Bank
Feb 13, 1995
—
Carob RT
—
Deed Of Trust
related
$40,000 · Bankboston Development Co LLC
Feb 8, 1991
—
Caraob RT
—
Deed Of Trust
related
$170,000 · Nelson Tool Co
May 10, 1989
—
Carob RT
—
Deed Of Trust
related
$70,000 · South Shore 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.
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