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Property profile & analytics
OFF-MARKET
Estimated value
$3,200,000
Industrial properties
25 Frg Pkwy, Franklin, MA 02038-3135
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1719357
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Construction
STEEL FRAME
Total area
18,438 SF
Lot
5.91 ac (257,352 SF)
APN
FRAN M:275 L:014
UPID
US38-1719357
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
-
Berry Plastics Corporate Office
-
Moeller Electric Corporation Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.73M
CAP Approach
CAP
$3.02M
Comparable Approach
Comparable
$3.82M
Blend (final)
Blend
$3.20M
Owner & transaction history
Tmc Hldg&dev 2 LLC · 5 yrs held
Tmc Hldg&dev 2 LLC
since 2021
Last sale
$2.6M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.3M
+75.2%
Commercial (general)
$4.7M
+56.1%
Warehouse, storage
$3.2M
+5.4%
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 Franklin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin 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
$3,505,000
ML approach
$3,730,000
CAP Approach
CAP Return
Estimation
6%
$3,270,000
6.5%
$3,015,000
7%
$2,800,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,025,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,295,000
Change: +75% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,720,000
Change: +56% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,185,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$3.20M
Range $2.88M – $3.52M · ±10% · vs last sale $2.60M (Jun 8 2021)
Last sale anchor
$2.60M
Jun 8 2021
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
$174 / 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
$33,139
Tax year 2024
Assessed value
$2,810,800
Assessed 2024
Previous assessed
$2,810,800
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$664,500
Assessed improvement
$2,146,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
18,438 SF
Lot
5.91 ac (257,352 SF)
APN
FRAN M:275 L:014
UPID
US38-1719357
Jurisdiction
FRANKLIN
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$4.7M
WAREHOUSE, STORAGE
Est. value
$3.2M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
5.91 ac
Current owner
From public records · entity-resolved
Tmc Hldg&dev 2 LLC
Entity
Mailing address
25 FRG PKWY, FRANKLIN, MA 02038-3135
Ownership since
2021
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
Aug 1, 2025
—
Tmc Holdings & Dev 2 LLC
—
Deed
related
$500,000 · Walpole Cooperative Bank
Jan 17, 2024
—
Tmc Holdings & Dev 2 LLC
—
Deed
related
$3,818,500 · Walpole Cooperative Bank
Jun 8, 2021
$2,600,000
Tmc Hldg&dev 2 LLC
Covalence Adhesives LLC
Quit Claim Arm's Length For Ne States
$1,950,000 · Walpole Cooperative Bank
Mar 22, 2006
$2,723,054
Covalence Speci Adhesives
Tyco Adhesives LP
Grant Deed
—
Oct 1, 2004
$1,666,229
Tyco Adhesives LP
Moeller Rlty Company LP
Grant Deed
—
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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