Property profile

30 Worcester Rd Framingham, MA 01702

OFF-MARKET
Turn key restaurants
Property ID
US38-1239639
8,918 SF 0.85 ac lot Built 1960
Entity Owned 21-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property consists of a retail unit totaling 3,092 square feet, situated within a shopping center. The shopping center contains 44,740 square feet of gross leasable area (GLA) and provides 239 parking spaces. The center is located on a corridor with an estimated 57,000 average daily traffic (ADT). Tenant occupancy at the center includes established businesses such as Vitamin Shoppe, Banfield Pet Hospital, Burtons Grill & Bar, and Bob's Discount Furniture.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1960
Construction STEEL FRAME
Total area 8,918 SF
Lot 0.85 ac (37,157 SF)
Zoning code B
APN FRAM M:104 B:43 L:8715 U:000
UPID US38-1239639

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • (Bike/Boat/Book/etc) Store Pharmacy
  • Real Estate Agency

Location

30 Worcester Rd Framingham, MA 01702-5370
Framingham metro Census 383501 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.54M
Blend (final) Blend
$1.67M

Owner & transaction history

since 2004
3 recorded transactions
2007
Price N/A
2004
Price N/A
2004
$8.0M

Zoning & alternative use

B · Framingham, MA
Zoning description

B-1), Community Business (B-2), General Business (B-3 and B-4), Central Business (CB), and Business (B). (1) Neighborhood Business: B-1. The purpose of the Neighborhood Business District is to preserve and encourage the…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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