Property profile

223 Walnut St Framingham, MA 01702

OFF-MARKET
Medical Office Space
Property ID
US38-0832061
17,288 SF 1.03 ac lot Built 1973
Individually Owned 22-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1973
Construction STEEL FRAME
Total area 17,288 SF
Lot 1.03 ac (44,693 SF)
Zoning code P
APN FRAM M:101 B:63 L:4054 U:000
UPID US38-0832061

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Dental Office
  • Physician
  • Dental Office
  • Dental Office

Location

223 Walnut St Framingham, MA 01702-7500
Framingham metro Census 383501 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$415k
CAP Approach CAP
by Request
Comparable Approach Comparable
$589k
Blend (final) Blend
$500k

Owner & transaction history

since 2004
7 recorded transactions
2021
Price N/A
2013
Price N/A
2013
Price N/A
2011
Price N/A
2004
$2.3M
2003
$2.1M
1999
Price N/A

Zoning & alternative use

P · Framingham, MA
Zoning description

Office and Professional District: P. The purpose of the Office and Professional District is to serve as a transition zone between commercial, manufacturing, and residential zoning districts. The intent of this district i…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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