New search
Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Office buildings
444 Central St, Franklin, MA 02038-1855
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-0263591
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1915
Construction
FRAME
Total area
2,329 SF
Lot
0.4 ac (17,598 SF)
APN
FRAN M:270 L:003
UPID
US38-0263591
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
-
Stobbarts Nurseries Inc (Bike/Boat/Book/etc) Store Florist
-
Van Roon Chiropractic Alternative Medicine Practice
-
VanRoon's Ideal Protein Weight loss Franklin Weight Loss Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$840k
Comparable Approach
Comparable
$423k
Blend (final)
Blend
$620k
Owner & transaction history
Stobbart Properties LLC · 6 yrs held
Stobbart Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$750,000
+9.8%
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%
$910,000
6.5%
$840,000
7%
$780,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$685,000
Current use
AUTO REPAIR, GARAGE
$750,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$680,000
Change: 0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$595,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$620k
Range $558k – $682k · ±10%
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
$266 / 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
$8,082
Tax year 2024
Assessed value
$685,500
Assessed 2024
Previous assessed
$685,500
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$291,000
Assessed improvement
$394,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1915
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Bathrooms
4
Total area
2,329 SF
Lot
0.4 ac (17,598 SF)
APN
FRAN M:270 L:003
UPID
US38-0263591
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
OFFICE BUILDING Current
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$750,000
RETAIL STORES
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$595,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1915
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Bathrooms
4
Lot
0.4 ac
Current owner
From public records · entity-resolved
Stobbart Properties LLC
Entity
Mailing address
444 W CENTRAL ST, FRANKLIN, MA 02038-1855
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2025
—
Stobbart Properties LLC
—
Deed
related
$565,772 · Tag Central LLC
Dec 12, 2019
—
Stobbart Properties LLC
444 East Central St RT
Quitclaim Deed
related
$105,000 · Great One LLC
Sep 30, 2010
$375,000
Danny F Vanroon
Rockland Trust Co
Grant Deed
—
Sep 30, 2010
$400,000
Rockland Trust Co
Silvia,kathleen
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Aug 11, 2003
—
Franklin Prudential Rlty
—
Deed Of Trust
related
$1,997,500 · Banknorth NA
Oct 4, 2001
—
Franklin Prudential Nt
—
Deed Of Trust
related
$620,000 · Ben Franklin Savings Bank
Jan 10, 2001
$392,000
Frnkln Prudntl Rlt Nt
W Central St RT
Grant Deed
$421,500 · Compass Bank For Savings
Dec 28, 1993
—
Herbert M Taylor
—
Deed Of Trust
related
$65,552 · Zwi Kohorn
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 444 Central St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
