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    Property profile & analytics
    OFF-MARKET Estimated value $980,000
    Office buildings

    495 Old Connecticut Path, Framingham, MA 01701-4567

    12,618 SF 0.68 ac lot Built 1981
    Individually Owned 35-yr Hold ~ Est. High Equity
    Property ID
    US38-1899547
    Property summary
    AI-generated overview

    This exceptional three-story office building, situated at 495 Old Connecticut Path in Framingham, MA, presents a compelling investment opportunity. The 12,670 square foot brick and steel structure boasts a desirable location with prominent exterior signage potential. The building features an attractive design with a generous window line, ensuring ample natural light throughout. Efficient floor plans and a passenger elevator enhance functionality and tenant convenience. Ample parking is available for tenants and visitors. Currently, the building is 33.77% leased to three separate tenants, each with separately metered utilities. A significant portion of the building, totaling 8,392 square feet, is available for an owner-occupant, providing immediate potential for increased revenue and utilization. The property sits on a 0.68-acre lot. The building's design and layout are well-suited for conversion into office condominiums, offering a flexible and potentially lucrative future development path. This property offers a blend of immediate income potential and long-term growth opportunities in a highly desirable Framingham location. The asking price is $3,800,000. This is a rare opportunity to acquire a well-maintained, multi-tenant office building with significant upside potential.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1981
    Construction STEEL FRAME
    Total area 12,618 SF
    Lot 0.68 ac (29,490 SF)
    Zoning code M
    APN FRAM M:072 B:58 L:2712 U:000
    UPID US38-1899547
    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
    • Partner Engineering and Science, Inc. Environmental Consultant Engineer
    • New Dover Associates, Inc. Real Estate Agency
    • Technical Staffing Associates Employment Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.09M
    Blend (final) Blend
    $980k
    Owner & transaction history
    Welton RT · 35 yrs held
    Welton RT
    since 1990
    4 recorded transactions
    2001
    1990
    $1.5M
    1989
    $1.7M
    1989
    $1.6M
    Zoning & alternative use
    M · Framingham, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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