Property profile

40 Franklin St Needham, MA 02494

OFF-MARKET
Retail space
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Property ID
US38-0728984
29,909 SF 0.75 ac
Last sale Feb 2026·$5,725,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$66k
Tax billed · 2024
Assessed value$2.69M
Assessed land$1.95M
Assessed improvement$738k
Effective rate2.46%

Value estimate

· Nov 2026
$6.07M
$5.46M – $6.67M
CAP approach$7.83M
Submarket $/SF estimate$4.98M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$293/SF
County average, outlier-cleaned · 159 recorded sales of this use type
Observed band · Q1–Q3$159 – $441
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M128
JurisdictionNEEDHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant32.3
Pharmacy21.2
Nail Salon17.0

Location

40 Franklin St Needham, MA 02494-2908
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales Zoning catalog

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

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
50 Central, Needham, MA 02494-2914 $1,200,000 Dec 2022 7,734 SF
19 Wexford, Needham, MA 02494-2911 $6,175,000 Nov 2022 19,980 SF
150 Gould, Needham, MA 02494-2330 $5,200,000 Sep 2022 20,516 SF
422 Hillside, Needham, MA 02494-1208 $2,900,000 Aug 2022 13,248 SF
588 Hillside, Needham, MA 02494 $485,000 Apr 2022 6,808 SF
890 Highland, Needham, MA 02494-1339 $600,000 Apr 2022 6,166 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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