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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Retail space
247 Central St Natick, MA 01760-3774
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US38-0656873
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Construction
FRAME
Total area
9,942 SF
Lot
1.15 ac (50,007 SF)
Zoning code
LC
APN
NATI M:00000040 P:0000058A
UPID
US38-0656873
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
-
Marcia Jones Physician
-
Joanna Ward Physician
-
Stephanie Collier Physician
-
Play Strong Athletics Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.33M
Owner & transaction history
247 W Central St. RT · 24 yrs held
247 W Central St. RT
since 2002
5 recorded transactions
Zoning & alternative use
LC · Natick, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Districts is to provide a transition from a more intensive commercial or industrial usage toward a residentially zoned area, specifically, those areas where it is desirable to lessen traffic flow on through roads, and where less intensive uses would serve both to provide balance in land use and to prevent damage to the residential uses on adjacent or nearby…
Zone name
Limited Commercial
General category
INDUSTRIAL
Zone area
52.28 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$133 / 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
$19,379
Tax year 2024
Assessed value
$1,580,700
Assessed 2024
Previous assessed
$1,580,700
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$871,000
Assessed improvement
$709,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1981
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Rooms
1
Total area
9,942 SF
Lot
1.15 ac (50,007 SF)
Zoning code
LC
APN
NATI M:00000040 P:0000058A
UPID
US38-0656873
Jurisdiction
NATICK
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
LC · Natick, MAZoning LC · permitted uses
LC · Natick, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Districts is to provide a transition from a more intensive commercial or industrial usage toward a residentially zoned area, specifically, those areas where it is desirable to lessen traffic flow on through roads, and where less intensive uses would serve both to provide balance in land use and to prevent damage to the residential uses on adjacent or nearby property
Zone name
Limited Commercial
General category
INDUSTRIAL
Zone area
52.28 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1981
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Rooms
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
247 W Central St. RT
Individual
Mailing address
247 W CENTRAL ST, NATICK, MA 01760-3774
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2002
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 8, 2025
—
Natick Learning Re LLC
—
Deed
related
$2,933,000 · Granite State Economic Development Corp
Aug 30, 2024
—
Natick Learning Re LLC
—
Deed
related
$3,579,000 · Firstbank Of The Lake
Aug 12, 2013
—
247 West Central St. RT
—
Deed Of Trust
related
$670,000 · Middlesex Savings Bank
Jun 11, 2002
—
247 W Central St. RT
—
Deed Of Trust
related
$435,000 · Bay Colony Dev Corp
Jun 11, 2002
$1,050,000
247 W Central St. RT
247 W Central St RT
Grant Deed
related
$525,000 · Middlesex Savings 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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