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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Medical Office Space
480 Central St, Franklin, MA 02038-0277
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-0440751
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1981
Construction
FRAME
Total area
5,391 SF
Lot
0.85 ac (36,965 SF)
APN
FRAN M:270 L:008
UPID
US38-0440751
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
-
PEEL MICROSPA Hair Salon Nail Salon
-
Smyth Mark DMD Dental Office
-
Braitman Robert E MD Pediatrician Medical Clinic
-
Dr. Evan D. Finkelstein, MD Pediatrician Medical Clinic
-
Dr. Michael J Pfeffer & Associates Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$430k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$606k
Blend (final)
Blend
$520k
Owner & transaction history
Camty Realty LLC · 7 yrs held
Camty Realty LLC
since 2019
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$770,000
+24.6%
Commercial (general)
$770,000
+24.5%
Restaurant
$760,000
+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
by Request
ML approach
$430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$615,000
Current use
OFFICE BUILDING
$770,000
Change: +25% · Conversion: Easy
COMMERCIAL (GENERAL)
$770,000
Change: +24% · Conversion: Easy
RESTAURANT
$760,000
Change: +24% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$720,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$670,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$650,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$500,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$96 / 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
$14,630
Tax year 2024
Assessed value
$1,240,900
Assessed 2024
Previous assessed
$1,240,900
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$411,900
Assessed improvement
$829,000
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
Off-Market
Year built
1981
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
4
Bathrooms
4
Total area
5,391 SF
Lot
0.85 ac (36,965 SF)
APN
FRAN M:270 L:008
UPID
US38-0440751
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
$615,000
OFFICE BUILDING
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$770,000
RESTAURANT
Est. value
$760,000
INDUSTRIAL (GENERAL)
Est. value
$720,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$670,000
AUTO REPAIR, GARAGE
Est. value
$650,000
RETAIL STORES
Est. value
$500,000
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
1981
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
4
Bathrooms
4
Lot
0.85 ac
Current owner
From public records · entity-resolved
Camty Realty LLC
Entity
Mailing address
308 W CENTRAL STE, FRANKLIN, MA 02038-2167
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2019
$920,000
Camty Realty LLC
Bfmw Realty LLC
Quit Claim Deed
$736,000 · Rockland Tr
Aug 3, 2010
—
Bfmw Rlty LLC
—
Deed Of Trust
related
$45,000 · Walpole Coop Bank
Feb 4, 1993
—
Braitman,robert E Tr
—
Deed Of Trust
related
$413,269 · Shawmut Bank Of Boston
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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