New search
Property profile & analytics
FOR LEASE
Office buildings
313 Speen St, Natick, MA 01760
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0489917
For Lease
1 / 2
$21,115,000
313 Speen St, Natick, MA 01760
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
55,149 SF
Lot
1.49 ac (65,035 SF)
Zoning code
CII
APN
NATI M:00000017 P:0000003B
UPID
US38-0489917
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
-
Battelle Engineering Consultant
-
Bright Horizons at Natick Daycare Center
-
Asimina Markopoulos Physician
-
Dr. Ethan M. Healy, MD Physician
-
Orthopedics New England: Dr. Sean Rockett, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$28.72M
Comparable Approach
Comparable
$13.34M
Blend (final)
Blend
$21.12M
Owner & transaction history
Speen Street Owner LLC · 4 yrs held
Speen Street Owner LLC
since 2021
Last sale
$24.9M
7 recorded transactions
Zoning & alternative use
CII · Natick, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.0M
+51.1%
Auto repair, garage
$15.5M
+46.4%
Neighborhood: shopping center
$15.3M
+44.2%
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
$22,845,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$31,110,000
6.5%
$28,715,000
7%
$26,665,000
Alternative Use
Use
Estimation
RESTAURANT
$16,010,000
Change: +51% · Conversion: Moderate
AUTO REPAIR, GARAGE
$15,520,000
Change: +46% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$15,280,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$14,865,000
Change: +40% · Conversion: Moderate
COMMERCIAL (GENERAL)
$14,250,000
Change: +34% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$12,705,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$21.12M
Range $19.00M – $23.23M · ±10% · vs last sale $24.88M (Dec 29 2021)
Last sale anchor
$24.88M
Dec 29 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
$383 / 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
$177,913
Tax year 2024
Assessed value
$14,511,700
Assessed 2024
Previous assessed
$14,511,700
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,681,400
Assessed improvement
$12,830,300
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
4
Rooms
2
Total area
55,149 SF
Lot
1.49 ac (65,035 SF)
Zoning code
CII
APN
NATI M:00000017 P:0000003B
UPID
US38-0489917
Jurisdiction
NATICK
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CII · Natick, MA
Zoning CII · permitted uses
CII · 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
RESTAURANT
Est. value
$16.0M
AUTO REPAIR, GARAGE
Est. value
$15.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.3M
RETAIL STORES
Est. value
$14.9M
COMMERCIAL (GENERAL)
Est. value
$14.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.7M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
4
Rooms
2
Lot
1.49 ac
Current owner
From public records · entity-resolved
Speen Street Owner LLC
Entity
Mailing address
PO BOX 255, ATHOL, MA 01331-0255
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
$24,875,000
Speen Street Owner LLC
Lake Real Estate LLC
Quit Claim Arm's Length For Ne States
—
Aug 30, 2019
$11,500,000
Lake R & E LLC
313 Speen Street LLC
Quit Claim Deed
$9,200,000 · Rockland Tr
Feb 25, 2014
$8,600,000
313 Speen Street LLC
Gerrity Family Assoc LLC
Quit Claim Deed
—
Jan 6, 2014
—
Gerrity Family Assoc
Orono RT
Quit Claim Deed
related
—
Dec 21, 2012
—
Orono RT
—
Deed Of Trust
related
$3,600,000 · Cambridge Trust Co
Apr 29, 2011
—
Re T Orono
—
Deed Of Trust
related
$3,000,000 · Cambridge Trust Co
Jan 13, 1995
$4,600,000
Orono RT
Three Thirteen LP
Grant Deed
$3,000,000 · Sun Life Assurance Co
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.
