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    Property profile & analytics

    391 Central St Franklin, MA 02038-1350

    • Investment properties
    • 21,470 SF
    • 1.41 lot acres
    OFF-MARKET
    Value Estimation
    $3,900,000
    Last Sale
    Dec 31, 2024
    $3,900,000
    Location Intelligence
    Property ID
    US38-0969337
    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

    • Pavento, Ratcliffe, Renzi & Co., LLC / Tax Preparation / Accountant
    • Sassy Nails and Spa / Nail Salon
    • John's Barber Salon / Barber Shop
    • Bicycles Plus / Bicycle Shop
    • Warren Reynolds, Esq., Franklin, MA Real Estate Agent / Real Estate Agent

    Property Details for 391 Central St

    Year built
    1988
    Construction
    FRAME
    Lot size
    1.41 lot acres
    Property size
    21,470 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    FRAN M:285 L:003
    APU
    FRANM285L003

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,900,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,850,000
      6.5%
      $4,215,000
      7%
      $3,490,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,955,000
      Geo Method
      $4,395,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,465,000
      Retail
      $3,435,000
      Mixed-Use
      $3,420,000
      Hospitality
      $3,255,000
      Educational
      $3,305,000
      Residential Income
      $4,215,000
      Energy
      $3,560,000
      Income-Based Land
      $4,385,000
      Food Service
      $3,815,000

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.3799
    Latitude
    42.0806
    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
    $38,101
    $691,500
    $2,540,100
    $3,231,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      15,433 SF

      12 Main St, Unit 22

      OFFICE/RESIDENTIAL (MIXED USE) • 15,433 SF
      12 Main St, Franklin, MA 02038-1915
      View Details
    • Value Estimation by Request
      5,396 SF

      14 Ruggles St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,396 SF
      14 Ruggles St, Franklin, MA 02038-0317
      View Details
    • Value Estimation
      $755,000
      2,310 SF

      11 Ee St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,310 SF
      11 Ee St, Franklin, MA 02038-2110
      View Details
    • Value Estimation
      $480,000
      1,375 SF

      139 Central St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,375 SF
      139 Central St, Franklin, MA 02038-1437
      View Details
    • Value Estimation by Request
      7,208 SF

      37-41 Summer St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,208 SF
      37-41 Summer St, Franklin, MA 02038
      View Details
    • Value Estimation by Request
      5.97 Acres

      599 Washington St

      OFFICE/RESIDENTIAL (MIXED USE) • 5.97 Acres
      599 Washington St, Franklin, MA 02038-3309
      View Details

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    • Contact for pricing
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      Franklin Multifamily Investment Opportunity

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    Similar Nearby for Lease

    • Contact for pricing
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    • $18 SF/Yr
      3,500 SF

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      Retail space available for lease in Franklin, Massachusetts.
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      View Details
    • $2,000 /Mo
      1,500 SF

      Industrial Condo For Lease

      1500 SF industrial condo with office and warehouse space.
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    • $19 SF/Yr
      1,216,195 SF

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      First-class office space with convenient highway access and ample parking.
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      View Details
    • $9 SF/Yr

      Franklin Warehouse Space For Lease

      73,805 SF warehouse space available for lease.
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      View Details
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    391 Central St
    Franklin, MA 02038-1350
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    Realmo Value Estimation

    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.

    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.

    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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