Property profile

434 Old Connecticut Path Ste 2a Framingham, MA 01701

OFF-MARKET
Office Spaces
Property ID
US38-0707968
1,060 SF Built 1986
Individually Owned 35-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This meticulously maintained 1,036 square foot Class C office condominium is ideally situated on the second floor of a modern professional building in Framingham, Massachusetts. Located at 434 Old Connecticut Path, zip code 01701, this multi-tenant property boasts a prime location near the Speen Street corporate area, offering easy access to major roadways including Route 9 and the Mass Pike, as well as nearby shopping malls. The unit itself features an open collaborative workspace, perfect for fostering teamwork and communication, complemented by a dedicated conference room for more formal meetings. Two private offices provide quiet spaces for focused work, while a convenient kitchenette adds to the functionality of the space. The suite benefits from abundant natural light thanks to a good window line, and includes built-in shelving and storage for efficient organization. The building provides pylon signage for excellent visibility and ample on-site parking for both tenants and visitors. This is a rare opportunity to acquire a fully occupied, income-generating property. The property is zoned B and includes condo fees of $691 per month and real estate taxes of $4,212.98 annually (FY 2024). The asking price is $150,000, representing a price per square foot of $144.79. The building is three stories, and this unit is one of multiple units within a single building.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1986
Construction FRAME
Total area 1,060 SF
APN FRAM M:072 B:48 L:4303 U:002
UPID US38-0707968

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tax Preparation
  • Dental Office
  • Dental Office
  • Dental Office
  • Employment Agency

Location

434 Old Connecticut Path Ste 2a Framingham, MA 01701-4576
Framingham metro Census 383700 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$210k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 1991
1 recorded transaction
1991
$113,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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