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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Investment properties
38 Raymond St Franklin, MA 02038-1829
Individually Owned
4-yr Hold
Property ID
US38-0158909
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Lot
0.23 ac (9,958 SF)
APN
FRAN M:269 L:058
UPID
US38-0158909
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Riadh Kandsi · 4 yrs held
Riadh Kandsi
since 2021
Last sale
$515,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$520,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $515k (Oct 29 2021)
Last sale anchor
$515k
Oct 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
—
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
$6,349
Tax year 2024
Assessed value
$538,500
Assessed 2024
Previous assessed
$538,500
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$235,200
Assessed improvement
$303,300
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Heating
NONE
Cooling
YES
Buildings
2
Units
2
Lot
0.23 ac (9,958 SF)
APN
FRAN M:269 L:058
UPID
US38-0158909
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
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Buildings
2
Units
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Riadh Kandsi
Individual
Mailing address
38 RAYMOND ST, FRANKLIN, MA 02038-1829
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2021
$515,000
Riadh Kandsi
Gerritt D Dewitt
Quit Claim Arm's Length For Ne States
$463,500 · 2016 6 LLC
Jan 8, 2020
—
Gerritt D Dewitt
—
Deed
related
$280,000 · Middlesex Savings Bank
May 8, 2018
—
D D Gerritt
Dewitt,kristin
Quit Claim Deed
related
—
May 8, 2018
$238,000
Kristin Dewitt
Richardson,nathan|ocwen Loan Svcng LLC
Foreclosure
—
Jul 14, 2014
$245,000
Richardson,nathan
Stivaletta,nicholas 3rd & Susan
Quit Claim Deed
$240,562 · Ocwen Fin'l Svcs
Jul 30, 2003
$382,000
Nicholas Stivaletta
Masters,dianne
Grant Deed
$286,500 · Ben Franklin Savings Bank
Dec 24, 2002
$330,000
Dianne Masters
Debenedictis,gene E
Grant Deed
$250,000 · First Union Mortgage
Jun 28, 1999
$215,000
Robert L Debenedictis
Masters,dianne
Grant Deed
$193,500 · Bank United
Sep 17, 1998
$155,000
Dianne Masters
Simmer,thomas R
Grant Deed
$124,000 · Southern Pacific Fund
Jun 7, 1991
$139,900
Thomas R Simmer
Strange,jeanne M
Grant Deed
$111,900 · Ben Franklin Savings Bank
May 5, 1987
—
Dennis E Strange
—
Deed Of Trust
related
$35,000 · Home Natl Bk Of Milfd
Jan 15, 1987
—
Dennis F Strange
—
Deed Of Trust
related
$25,000 · Home Natl Bk Of Milfd
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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