475 Franklin St Ste 108 Framingham, MA 01702-6236
Office and Professional District: P. The purpose of the Office and Professional District is to serve as a transition zone between commercial, manufacturing, and residential zoning districts. The intent of this district is to accommodate professional, medical, financial, and administrative uses while creating a design and landscape that is harmonious with the…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
P · Framingham, MAOffice and Professional District: P. The purpose of the Office and Professional District is to serve as a transition zone between commercial, manufacturing, and residential zoning districts. The intent of this district is to accommodate professional, medical, financial, and administrative uses while creating a design and landscape that is harmonious with the adjacent residential uses. D. Planned Reuse District: PRD. The purpose of the Planned Reuse District is to encourage the appropriate reuse of land and buildings that are no longer needed or suitable for their original use. This district applies only to land and buildings in municipal ownership. Reuses are to be compatible with the character of the neighborhood and must take into consideration the interests of abutters, neighbors, and the public, especially where the site abuts a residential area or the building(s) merits preservation. E. Manufacturing districts. (1) Light Manufacturing: M-1. The purpose of the Light Manufacturing District is to provide space for the expansion, attraction, or retention of office, light industrial, research and development, manufacturing, service, and warehouse uses, promoting the development of businesses which incorporate a mix of industrial and commercial activities, including manufacturing and research and development, while accommodating a wide range of other employment activities. (2) General Manufacturing: M. The purpose of the Manufacturing District is to provide areas within Framingham where research and development, large-scale corporations, and industrial uses may locate. It is the intent of these districts to promote viable and attractive industrial areas, with a campus-style development, promoting walkability, enhancing employment and economic vitality within the districts. To minimize conflict and preserve the Manufacturing District for its primary purposes, residential uses are not permitted. F. Open Space and Recreation District: OSR. The purpose of the Open Space and Recreation District is to encourage, preserve, and protect land for recreational uses and to conserve natural conditions, open space, wildlife and vegetation for the general welfare of the public. Lands that are environmentally sensitive shall be preserved and protected to ensure the continued health, safety, and welfare of the community and may serve as a location for passive recreational activities. This district encourages the establishment of trails for pedestrian and nonmotorized activities. G. Geriatric Care/Elderly Housing District: G-E.
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Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.