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Property profile & analytics
OFF-MARKET
Estimated value
$5,015,000
Super regional malls
471 Central St 479, Franklin, MA 02038-2901
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1571188
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2019
Construction
STEEL FRAME
Total area
10,040 SF
Lot
2.64 ac (115,086 SF)
APN
FRAN M:270 L:031
UPID
US38-1571188
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
-
Gentle Dental Franklin Dental Office
-
Jersey Mike's Subs Take-out & Catering Catering Service
-
West Central Plaza Shopping Center & Mall
-
Francis Guerra Dental Office
-
Qian Yang Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.02M
Owner & transaction history
471 West Central LLC · 4 yrs held
471 West Central LLC
since 2021
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$6,405,000
ML approach
$6,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.02M
Range $4.51M – $5.52M · ±10% · vs last sale $4.75M (Jul 22 2021)
Last sale anchor
$4.75M
Jul 22 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
$500 / 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
$48,021
Tax year 2024
Assessed value
$4,073,000
Assessed 2024
Previous assessed
$4,073,000
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,133,900
Assessed improvement
$2,939,100
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
GAS
Cooling
YES
Buildings
1
Stories
1
Units
5
Bathrooms
8
Total area
10,040 SF
Lot
2.64 ac (115,086 SF)
APN
FRAN M:270 L:031
UPID
US38-1571188
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
Building & site characteristics
From public records
Year built
2019
Construction
STEEL FRAME
Heating
GAS
Cooling
Yes
Stories
1
Buildings
1
Units
5
Bathrooms
8
Lot
2.64 ac
Current owner
From public records · entity-resolved
471 West Central LLC
Entity
Mailing address
60 SHAWMUT RD, CANTON, MA 02021-1410
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2021
$4,750,000
471 West Central LLC
Franklin Plaza Tic 3 LLC
Quit Claim Arm's Length For Ne States
$3,000,000 · Eastern Bank
Jan 6, 2020
$5,125,000
Franklin Plz 1 LLC
West Ctrl Plz LLC
Quit Claim Deed
—
Jan 4, 2017
$900,000
West Central Plaza LLC
Central West Realty Trust
Quit Claim Deed
related
—
Jan 4, 2017
$400,000
West Central Plaza LLC
Franklin Dean Trust
Quit Claim Deed
—
Dec 15, 2005
$1
Dean Franklin RT
Dean,john R
Grant Deed
related
—
Dec 9, 2005
$464,999
John R Dean
Dnk RT
Grant Deed
$275,000 · Dean Coop Bank
Dec 1, 2004
—
Dnk RT
—
Deed Of Trust
related
$128,000 · Silver Hill Financial LLC
Jul 12, 1996
$56,250
John R Dean
Almerinda RT
Grant Deed
—
Oct 21, 1994
—
Dean,john R Tr
—
Deed Of Trust
related
$200,000 · Ben Franklin Savings Bank
Oct 19, 1994
$150,000
Dean Franklin RT
Ranjon RT
Grant Deed
$200,000 · Ben Franklin Savings Bank
Nov 19, 1991
$150,000
John R Dean
Timnah Corporation
Grant Deed
$105,000 · Ben Franklin Savings Bank
Nov 19, 1991
—
John R Dean
—
Deed Of Trust
related
$20,000 · Zuckerman Family Nomi
Sep 29, 1988
$50,000
Turidean RT
J Colella & Son INC
Grant Deed
$50,000 · 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.
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