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Property profile & analytics
FOR SALE
Medical Office Space
440 East Central St, Franklin, MA 02038
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0847184
For Sale
1 / 14
$2,100,000
440 East Central St, Franklin, MA 02038
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
FRAME
Total area
15,820 SF
Lot
2 ac (87,120 SF)
APN
FRAN M:284 L:067
UPID
US38-0847184
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
-
Thorley Cook Physician
-
Seema Doshi, MD Physician Medical Clinic
-
Anu Jayaraman Physician Medical Clinic
-
Dr. Cheryl A. Hardenbrook, MD Pediatrician Physician
-
Family Medicine Associates of Millis Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$2.10M
Owner & transaction history
440 East Central St LLC · 5 yrs held
440 East Central St LLC
since 2021
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.3M
+24.6%
Commercial (general)
$2.3M
+24.5%
Restaurant
$2.2M
+23.5%
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
$2,560,000
ML approach
$2,620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,810,000
Current use
OFFICE BUILDING
$2,255,000
Change: +25% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,250,000
Change: +24% · Conversion: Easy
RESTAURANT
$2,235,000
Change: +24% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,115,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,970,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,900,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$1,465,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.10M
Range $1.89M – $2.31M · ±10% · vs last sale $1.90M (Jun 30 2021)
Last sale anchor
$1.90M
Jun 30 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
$133 / 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
$36,811
Tax year 2024
Assessed value
$3,122,200
Assessed 2024
Previous assessed
$3,122,200
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$882,100
Assessed improvement
$2,240,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1997
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
7
Bathrooms
16
Total area
15,820 SF
Lot
2 ac (87,120 SF)
APN
FRAN M:284 L:067
UPID
US38-0847184
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
MEDICAL BUILDING Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
RESTAURANT
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES
Est. value
$1.5M
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1997
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
7
Bathrooms
16
Lot
2 ac
Current owner
From public records · entity-resolved
440 East Central St LLC
Entity
Mailing address
1881 WORCESTER RD STE #200, FRAMINGHAM, MA 01701-5410
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
Mar 31, 2022
—
440 East Ctrl Street LLC
—
Deed
related
$3,400,000 · Middlesex Savings Bank
Jun 30, 2021
$1,900,000
440 East Central St LLC
Oxford Realty&t LLC
Quit Claim Arm's Length For Ne States
$1,600,000 · Avidia Bank
Jan 20, 2017
—
Oxford RT LLC
—
Deed
related
$171,000 · Milford Natl Bk & Tr
Jun 22, 2011
$2,900,000
Oxford Realty & T LLC
Jdb Realty INC
Grant Deed
$2,000,000 · Digital FCU
Dec 13, 2002
—
J D B Realty INC
—
Deed Of Trust
related
$1,400,000 · Citizens Bank Of Ma
Dec 1, 2000
$1,825,000
Jdb Rlty INC
Caritas Southwood Hosp
Grant Deed
$1,490,000 · Citizens Bank Of Ri
Sep 2, 1987
$153,000
Stobbart,wayne F Tr
Bobrowski,richard
Grant Deed
$156,000 · Ben Franklin Savings Bank
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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