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Financial
Distress signals
Property profile

397 E Central St Franklin, MA 02038

FOR LEASE
Medical Office Space
Property ID
US38-0650255
10,400 SF 1.14 ac lot Built 1974
Last sale Oct 2025 · $1,550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional commercial property, located at 397 East Central Street in Franklin, MA, presents a unique investment opportunity. The 10,400 square foot office building sits on a desirable 1.14-acre lot zoned Commercial II, offering significant flexibility for various uses. The building features approximately 5,000 square feet per floor, each independently metered for efficient utility management. Town water, sewer, and natural gas services are readily available. Currently, the first…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$24k
Tax billed · 2024
Assessed value$2.06M
Assessed land$559k
Assessed improvement$1.50M
Effective rate1.18%

Value estimate

· Oct 2026
$785k
$707k – $864k
AI approach$570k
Submarket $/SF estimate$1.00M
NOI build-up
Gross scheduled income$175k
Vacancy & credit loss−$18k
Operating expenses−$63k
NOI · 521,250.00% cap applied$94k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
521,250.00%
$94k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionFRANKLIN

Location intelligence

Which uses thrive at this corner?
Best fit: Daycare Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Daycare Center9.5
Wholesale Shop9.3
Pawn Shop9.3

Location

397 E Central St Franklin, MA 02038
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 17 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
20 Earls, Franklin, MA 02038-1268 $3,300,000 Nov 2023 4,408 SF
440 Central, Franklin, MA 02038-1374 $1,900,000 Jun 2021 15,820 SF
2 Frg, Franklin, MA 02038-3157 $5,100,000 May 2019 10,080 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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