Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Property profile

495 Old Connecticut Path Framingham, MA 01701

FOR LEASE
Office buildings
Property ID
US38-1899547
12,618 SF 0.68 ac lot Built 1981
Last sale Sep 1990 · $1,500,000
Individually Owned Owner of record is an individual. 36-yr Hold Held for 36 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a three-story, 12,670-square-foot multi-tenant office building constructed with a brick exterior and steel frame. It features a prominent window line and efficient floor plans, with a passenger elevator providing access to all floors. The building includes on-site parking and prominent exterior signage, and utilities are separately metered for each tenant. The building is partially occupied, with space configured to support an owner/occupant in addition to leasing to other tenants.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$40k
Tax billed · 2024
Assessed value$1.59M
Assessed land$425k
Assessed improvement$1.16M
Effective rate2.54%

Value estimate

· Oct 2026
$980k
$882k – $1.08M
Submarket $/SF estimate$1.09M
NOI build-up
Gross scheduled income$228k
Vacancy & credit loss−$50k
Operating expenses−$44k
NOI · 605,186.36% cap applied$133k

Realmo valuation models over county records and 17 qualifying comparable sales.

Recently sold

What actually traded nearby?
$157/SF
Submarket average, outlier-cleaned · 41 recorded sales of this use type
Observed band · Q1–Q3$111 – $208
Qualifying comparables17

Cap rate analysis

How does the asset earn?
605,186.36%
$133k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store10.2
Laundry Service9.9
Veterinary Clinic9.3

Location

495 Old Connecticut Path Framingham, MA 01701
County assessor Recorded deeds · 4 transfers 17 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

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1001 Worcester, Framingham, MA 01701-5240 $1,300,000 Oct 2022 6,552 SF
211 Cochituate, Framingham, MA 01701-4673 $695,000 Dec 2021 3,514 SF
9 Vernon, Framingham, MA 01701-4784 $772,500 Aug 2020 4,079 SF
405 Cochituate, Framingham, MA 01701-4648 $12,400,000 Aug 2020 41,400 SF
945 Concord, Framingham, MA 01701-4613 $3,820,000 Mar 2020 17,722 SF
30 Speen, Framingham, MA 01701-4291 $3,283,500 Dec 2018 41,700 SF
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved