New search
Property profile & analytics
FOR LEASE
Manufacturing properties
245 W Central St, Natick, MA 01760
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US38-1380632
For Lease
1 / 8
$6,035,000
245 W Central St, Natick, MA 01760
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1960
Construction
STEEL FRAME
Total area
44,950 SF
Lot
2.5 ac (108,900 SF)
Zoning code
LC
APN
NATI M:00000040 P:0000058B
UPID
US38-1380632
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
-
Newton Distributing Company Distribution Center Logistics Company
-
METfit Gym & Fitness Center
-
Coach Ron Drago Training Systems Gym & Fitness Center
-
REAL Martial arts Training Center Sports School
-
D13 Group Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.36M
Comparable Approach
Comparable
$7.03M
Blend (final)
Blend
$6.04M
Owner & transaction history
South Natick Partners LLC · 10 yrs held
South Natick Partners LLC
since 2015
5 recorded transactions
Zoning & alternative use
LC · Natick, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.6M
+25.2%
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 Natick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Natick 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%
$7,970,000
6.5%
$7,355,000
7%
$6,830,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,900,000
Current use
OFFICE BUILDING
$8,640,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$6.04M
Range $5.43M – $6.64M · ±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
$134 / 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
$61,616
Tax year 2024
Assessed value
$5,025,800
Assessed 2024
Previous assessed
$5,025,800
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,520,000
Assessed improvement
$3,505,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1960
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
1
Units
1
Rooms
1
Total area
44,950 SF
Lot
2.5 ac (108,900 SF)
Zoning code
LC
APN
NATI M:00000040 P:0000058B
UPID
US38-1380632
Jurisdiction
NATICK
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
LC · Natick, MA
Zoning LC · permitted uses
LC · Natick, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Natick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.9M
OFFICE BUILDING
Est. value
$8.6M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
1960
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
1
Units
1
Rooms
1
Lot
2.5 ac
Current owner
From public records · entity-resolved
South Natick Partners LLC
Entity
Mailing address
245 W CENTRAL ST, NATICK, MA 01760-3774
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2024
—
South Patrick LLC
—
Deed
related
$1,000,000 · Rockland Trust Co
Oct 17, 2017
—
South Natick Partners LLC
—
Deed
related
$800,000 · Rockland Tr
Dec 18, 2015
$2,350,000
South Natick Partners LLC
Snap On Logistics Co
Quit Claim Deed
$1,762,500 · Rockland Tr
Jan 22, 1999
$1,206,100
Industrl Diagnostics
Snap On INC
Grant Deed
—
—
—
South Natick Partners LLC
—
Deed Of Trust
related
$800,000 · Rockland Tr
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
