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Property profile & analytics
FOR LEASE
Medical Office Space
235 Walnut St, Framingham, MA 01702
Individually Owned
28-yr Hold
~
Est. High Equity
Property ID
US38-0428464
For Lease
1 / 2
$20 SF/Yr
235 Walnut St, Framingham, MA 01702
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1963
Construction
FRAME
Total area
10,377 SF
Lot
0.98 ac (42,471 SF)
Zoning code
P
APN
FRAM M:101 B:63 L:3231 U:000
UPID
US38-0428464
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
-
Metrowest Spine Clinic Alternative Medicine Practice
-
Evolution Tile General Contractor Renovation Specialist
-
Luciana Petto Messina Dental Office
-
Dr. Xiaojing Li Dental Office
-
Laurie Austrager Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
K RT · 28 yrs held
K RT
since 1998
7 recorded transactions
Zoning & alternative use
P · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$27,732
Tax year 2024
Assessed value
$1,091,400
Assessed 2024
Previous assessed
$1,091,400
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$271,600
Assessed improvement
$819,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1963
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
10,377 SF
Lot
0.98 ac (42,471 SF)
Zoning code
P
APN
FRAM M:101 B:63 L:3231 U:000
UPID
US38-0428464
Jurisdiction
FRAMINGHAM
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
P · Framingham, MA
Zoning P · permitted uses
P · 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
1963
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
0.98 ac
Current owner
From public records · entity-resolved
K RT
Individual
Mailing address
868 WORCESTER ST, WELLESLEY, MA 02482-3743
Ownership since
1998
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
Jan 8, 2021
—
K&r RT
—
Deed
related
$877,500 · Middlesex Savings Bank
Jun 24, 2011
—
K RT
—
Deed Of Trust
related
$2,400,000 · Stoneham Savings Bank
Dec 20, 2005
—
K RT
—
Deed Of Trust
related
$1,600,000 · Flagship Bank & Trust
Apr 30, 2003
—
K RT
—
Deed Of Trust
related
$100,000 · Flagship Bank & Trust
Dec 31, 2001
—
K RT
—
Deed Of Trust
related
$600,000 · Flagship Bank & Trust
Mar 15, 1999
—
K RT
—
Deed Of Trust
related
$440,000 · Framingham Cp Bank
Jun 3, 1998
$700,000
K RT
Merloni,gail
Grant Deed
$400,000 · Natl Bk Greece
Jun 3, 1998
—
K RT
—
Deed Of Trust
related
$200,000 · Zenon Grzybowski
Jun 6, 1990
—
Dominic J Merloni
—
Deed Of Trust
related
$51,492 · Shawmut Bank Of Boston
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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