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Financial
Distress signals
Property profile

47 Mellen St Framingham, MA 01702

OFF-MARKET
Manufacturing properties
Property ID
US38-2427528
56,488 SF 1.34 ac lot Built 1917
Last sale May 1996 · $615,000
Individually Owned Owner of record is an individual. 30-yr Hold Held for 30 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 1,750-square-foot flex space, located at 47 Mellen Street in Framingham, Massachusetts, presents a fantastic opportunity for businesses seeking a versatile and well-maintained industrial property. Unit C-2 at the Mellen Business Center is classified as Class C and boasts recent renovations completed in 2022, ensuring modern functionality within a classic setting. The property, built in 1950, offers a blend of workspace and office areas, perfectly suited for a variety of uses.…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$43k
Tax billed · 2024
Assessed value$1.69M
Assessed land$305k
Assessed improvement$1.39M
Effective rate2.54%

Value estimate

· Oct 2026
$3.88M
$3.49M – $4.27M
Submarket $/SF estimate$4.84M

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$154/SF
County average, outlier-cleaned · 345 recorded sales of this use type
Observed band · Q1–Q3$86 – $254
Qualifying comparables8

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?
M
General Manufacturing: M. The purpose of the Manufacturing District is to provide areas within Framingham where research and development,...
General categoryINDUSTRIAL
JurisdictionFRAMINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Smoke and Vape Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Smoke and Vape Shop9.2
Catering Service8.7
Watch Repair Shop8.7

Location

47 Mellen St Framingham, MA 01702-8588
County assessor Recorded deeds · 3 transfers 8 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

2 recorded sales · 12 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
763 Waverley, Framingham, MA 01702-8567 $2,500,000 May 2023 39,430 SF
190 Fountain St, Framingham, MA 01702-6213 $6,575,000 Feb 2022 No data
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
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