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Property profile & analytics
FOR LEASE
Commercial real estate
492 Old Connecticut Path, Framingham, MA 01701
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-1483604
For Lease
1 / 2
$14,955,000
492 Old Connecticut Path, Framingham, MA 01701
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1984
Construction
STEEL FRAME
Total area
239,614 SF
Lot
5.82 ac (253,650 SF)
Zoning code
M
APN
FRAM M:072 B:59 L:1180 U:000
UPID
US38-1483604
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
-
CST of America (Bike/Boat/Book/etc) Store Corporate Office
-
FFR, Inc. Accounting Firm Loan Service
-
CIO Executive Council Media Distribution
-
Definitive Healthcare Corporate Office
-
IDG Enterprise Media Distribution
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.12M
Comparable Approach
Comparable
$10.83M
Blend (final)
Blend
$14.96M
Owner & transaction history
Campanelli Trigate Ocp Ow · 6 yrs held
Campanelli Trigate Ocp Ow
since 2019
6 recorded transactions
Zoning & alternative use
M · Framingham, MA
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 Framingham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Framingham 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%
$20,710,000
6.5%
$19,115,000
7%
$17,750,000
Blend value · Realmo final
$14.96M
Range $13.46M – $16.45M · ±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
$62 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$747,865
Tax year 2020
Assessed value
$29,290,700
Assessed 2024
Previous assessed
$29,290,700
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$3,069,200
Assessed improvement
$26,221,500
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
3
Units
17
Bathrooms
12
Total area
239,614 SF
Lot
5.82 ac (253,650 SF)
Zoning code
M
APN
FRAM M:072 B:59 L:1180 U:000
UPID
US38-1483604
Jurisdiction
FRAMINGHAM
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
M · Framingham, MA
Zoning M · permitted uses
M · Framingham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Framingham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Units
17
Bathrooms
12
Lot
5.82 ac
Current owner
From public records · entity-resolved
Campanelli Trigate Ocp Ow
Individual
Mailing address
1 CAMPANELLI DR, BRAINTREE, MA 02184-5215
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2019
$29,300,000
Campanelli Trigate Ocp Ow
Crp 3 Framingham Corp Ctr
Quit Claim Arm's Length For Ne States
$24,412,000 · Cambridge Savings Bank
May 6, 2008
$37,800,000
Fram Corporate Cen
492 Ocp LLC
Grant Deed
—
May 27, 2005
—
Aetna Life Ins Co
—
Deed Of Trust
related
$20,500,000 · 492 Ocp LLC
Dec 3, 2003
$22,000,000
492 Ocp LLC
Cornerstone Suburban Off
Grant Deed
$15,800,000 · Citizens Bank Of Ma
Dec 3, 1997
$26,050,000
Cornerstone Suburban
Framingham Corp Ctr LP
Grant Deed
—
—
—
Center Crp 3 Framingham
—
Deed Of Trust
related
$20,500,000 · Miscellaneous Ins Co
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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