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Property profile & analytics
OFF-MARKET Estimated value $23,750,000
Grocery and convenience stores

235 Old Connecticut Path Framingham, MA 01701-4575

80,180 SF 9.41 ac lot Built 1994
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US38-1026189
Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1994
Construction STEEL FRAME
Total area 80,180 SF
Lot 9.41 ac (409,769 SF)
Zoning code M-1
APN FRAM M:082 B:26 L:8613 U:000
UPID US38-1026189
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
  • Western Union Bank Credit Union
  • LL Flooring Carpet & Flooring Store Hardware & Home Improvement
  • Coinstar Kiosk - Bitcoin ATM Currency Exchange Service Kiosk
  • higi Physician
  • Firas Butty Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$17.73M
Comparable Approach Comparable
$23.41M
Blend (final) Blend
$23.75M
Owner & transaction history
Rk Framingham 2 LLC · 5 yrs held
Rk Framingham 2 LLC
since 2020
Last sale
$23.2M
6 recorded transactions
2021
Price N/A
2020
$23.5M
2011
$23.2M
2003
Price N/A
2000
$1.2M
1994
Price N/A
Zoning & alternative use
M-1 · Framingham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Light Manufacturing: M-1. The purpose of the Light Manufacturing District is to provide space for the expansion, attraction, or retention of office, light industrial, research and development, manufacturing, service, and warehouse uses, promoting the development of businesses which incorporate a mix of industrial and commercial activities, including manufact…

Zone name Light Manufacturing
General category INDUSTRIAL
Zone area 387.01 ac
Top alternative use upside
Restaurant $23.3M +35.2%
Auto repair, garage $22.6M +31.1%
Neighborhood: shopping center $22.2M +29.0%
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