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Property profile & analytics
FOR LEASE
Retail space
435 W Central St Franklin, MA 02038
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-1800137
For Lease
1 / 4
$1,000/Mo
435 W Central St, Franklin, MA 02038
View Listing →
Property summary
AI-generated overview
This exceptional 200-square-foot retail space presents a unique investment opportunity. Strategically located on a hard corner in Franklin, Massachusetts, this Class A property boasts a prime position within the bustling Franklin Retail Corridor. Attached to a CVS, this former ATM space benefits from the high foot traffic generated by this national anchor tenant. The property enjoys exceptional visibility and accessibility, situated just half a mile from I-495, a major thoroughfare with nearly 77,000 vehicles daily. The location also benefits from significant daily traffic counts exceeding 20,000 vehicles. The site is ideally positioned near Dean College and Franklin High School, serving a combined student population of over 3,200. This strong demographic is further enhanced by a robust residential population
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Construction
FRAME
Total area
10,233 SF
Lot
1.44 ac (62,552 SF)
APN
FRAN M:270 L:037
UPID
US38-1800137
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
CVS Photo (Bike/Boat/Book/etc) Store
-
CVS Pharmacy
-
Santander Bank ATM Atm
-
CVS Pharmacy Pharmacy
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.51M
Blend (final)
Blend
$6.65M
Owner & transaction history
Mich Lin LLC · 4 yrs held
Mich Lin LLC
since 2021
Last sale
$6.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.4M
+46.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Franklin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,390,000
Change: +47% · Conversion: Easy
Blend value · Realmo final
$6.65M
Range $5.99M – $7.32M · ±10% · vs last sale $6.94M (Jul 27 2021)
Last sale anchor
$6.94M
Jul 27 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$650 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$45,690
Tax year 2024
Assessed value
$3,875,300
Assessed 2024
Previous assessed
$3,875,300
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$813,200
Assessed improvement
$3,062,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1999
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
3
Total area
10,233 SF
Lot
1.44 ac (62,552 SF)
APN
FRAN M:270 L:037
UPID
US38-1800137
Jurisdiction
FRANKLIN
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.4M
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
3
Lot
1.44 ac
Current owner
From public records · entity-resolved
Mich Lin LLC
Entity
Free & Clear · 4 yrs held
Mailing address
355 MAIN ST #25, WOBURN, MA 01801-5030
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2021
—
Mich Lin LLC
Acres Nt
Quit Claim Deed
related
—
Sep 27, 2019
—
Mich-lin Trust
—
Deed
related
$3,819,200 · Citizens Bk/ma
Dec 12, 2018
—
New Moon LLC
New Moon LLC
Quit Claim Deed
—
Dec 12, 2018
$6,943,519
61 Mooney Street LLC
New Moon LLC
Quit Claim Arm's Length For Ne States
$3,950,907 · Belmont Savings Bank
Jan 16, 2004
—
New Moon LLC
—
Deed Of Trust
related
$2,900,000 · Franklin Central Cvs
Nov 25, 1997
$1,826,000
New Moon LLC
Bankboston NA
Grant Deed
$1,945,362 · Zuckerman Family Nomi
—
—
Mich-lin Trust
—
Deed Of Trust
related
$3,819,200 · Citizens Bk/ma
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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