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Property summary
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… floor is vacant, providing immediate occupancy potential for a wide range of businesses, such as accounting firms, law offices, or medical practices. The floor plan includes numerous private offices, a kitchen, a conference room, and flexible spaces ideal for customization. The second floor is currently leased to a dental practice, with the lease expiring October 31, 2026. The property boasts a substantial 60-space parking lot, ensuring ample convenience for tenants and visitors. This level lot presents excellent opportunities for owner-occupancy or future redevelopment projects, capitalizing on the prime location and substantial square footage. The property's versatility and location make it an attractive investment for both immediate income generation and long-term growth.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 10,400 SF
- Lot area
- 1.14 ac
- Year built
- 1974
- Stories
- 2
- APN
- FRAN M:285 L:005
- Assessed value · 2024
- $2,057,200
- Annual tax · 2024
- $24,254
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2024
- $24,254
- Selected cap rate
- Auto Repair, Garage
- Medical Building · current use
- Retail Stores
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
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- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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