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    Property profile & analytics

    29 Franklin St Wrentham, MA 02093-1210

    • Office buildings
    • 9,181 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimations
    $2,720,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0919665
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Wrentham Barber Shop / Barber Shop
    • Roof Management Consultants Inc / Roofing Company / General Contractor
    • Dunkin' / Cafe & Coffee Shop
    • Showcase Dance Productions / Training Center
    • The Piller Group / Psychotherapist

    Property Details for 29 Franklin St

    Year built
    1977
    Construction
    FRAME
    Lot size
    0.86 lot acres
    Property size
    9,181 SF
    Zone code
    B-1 10
    Property type
    Office buildings
    APN
    WREN M:M-10 B:05 L:01
    APU
    WRENMM10B05L01

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,580,000
      6.5%
      $3,305,000
      7%
      $3,070,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,991,000
      Market price range: $1.47M - $4.15M
      AI Estimate
      $1,863,000
      Market price range: $923k - $2.19M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,695,000
      Current use
      RESTAURANT
      $3,940,000
      Change: +46% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,955,000
      Change: +10% Conversion: Difficult
      RETAIL STORES
      $2,690,000
      Change: -0% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $2,640,000
      Change: -2% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,350,000
      Change: -13% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wrentham
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.3291
    Latitude
    42.0676
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $22,909
    $430,800
    $888,100
    $1,318,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $820,000
      2,908 SF

      26 Franklin St

      OFFICE BUILDING • 2,908 SF
      26 Franklin St, Wrentham, MA 02093-1218
      View Details
    • Value Estimation
      $685,000
      2,682 SF

      17 Kendrick St

      OFFICE BUILDING • 2,682 SF
      17 Kendrick St, Wrentham, MA 02093-1544
      View Details
    • Value Estimation
      $1,865,000
      9,425 SF

      78 Ss St

      OFFICE BUILDING • 9,425 SF
      78 Ss St, Wrentham, MA 02093-2119
      View Details
    • Value Estimation
      $2,255,000
      8,448 SF

      686 Ss St

      OFFICE BUILDING • 8,448 SF
      686 Ss St, Wrentham, MA 02093-1786
      View Details
    • Value Estimation
      $2,020,000
      6,678 SF

      155 Ss St

      OFFICE BUILDING • 6,678 SF
      155 Ss St, Wrentham, MA 02093-1596
      View Details
    • Value Estimation
      $1,190,000
      3,600 SF

      35 Cushing Dr

      OFFICE BUILDING • 3,600 SF
      35 Cushing Dr, Wrentham, MA 02093-1154
      View Details

    Similar Nearby for Sale

    • $299,000
      9.24 Acres

      Wrentham Land for Sale

      9+ acre wooded parcel in Wrentham, Massachusetts.
      440 Chestnut St, Wrentham, MA 02093
      View Details
    • Contact for pricing
      125,760 SF

      Retail Site Near Wrentham Outlets

      24-acre retail site with highway access near Wrentham Outlets.
      1007 South St, Wrentham, MA 02093
      View Details
    • Contact for pricing

      Commercial Land Near Gillette Stadium

      5.88 acres of commercial land for sale or lease.
      485 Washington St, Wrentham, MA 02093
      View Details
    • $3,295,000
      6.82 Acres

      Wrentham Commercial Land - 6.82 Acres

      Prime Commercial Development Site in Wrentham, MA
      483 Thurston St, Wrentham, MA 02093
      View Details
    • Contact for pricing
      5.88 Acres

      Wrentham Commercial Land - 5.88 Acres

      Prime Commercial Land, Route 1, Wrentham, MA
      485 Washington St, Wrentham, MA 02093
      View Details
    • $2,300,000

      Wrentham Commercial Land Opportunity

      6.82 acres of commercial land on Route 1.
      483 Thurston St, Wrentham, MA 02093
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,032 SF

      Wrentham Office Space Available

      9,032 SF office space for rent in Wrentham, MA.
      24 Common St, Wrentham, MA 02093
      View Details
    • Contact for pricing

      Wrentham Commercial Land - 5.88 Acres

      Prime Commercial Land, 5.88 Acres, Wrentham, MA
      485 Washington St, Wrentham, MA 02093
      View Details
    • Contact for pricing
      2,500 SF

      Wrentham Warehouse Space Available

      2,500 SF warehouse space with drive-in doors for lease.
      35 Commercial Dr, Wrentham, MA 02093
      View Details
    • Contact for pricing
      176,800 SF

      Wrentham Warehouse with Immediate I-495 Access

      176,800 RSF warehouse with 32' clear height and ample parking.
      315 Green St, Wrentham, MA 02093
      View Details
    • Contact for pricing
      342,375 SF

      Wrentham Warehouse with Highway Access

      High bay warehouse with ample parking and highway access.
      275 Green St, Wrentham, MA 02093
      View Details

    Property Visit Statistics

    • Visits by month
      26.8k
    • Visitors by month
      11.2k
    • Avg Time on site
      10 min
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    Wrentham, MA 02093-1210
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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