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Property profile & analytics
OFF-MARKET
Estimated value
$5,230,000
Investment properties
56 Hollis St Framingham, MA 01702
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0436373
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
29,401 SF
Lot
0.5 ac (21,867 SF)
Zoning code
CB
APN
FRAM M:135 B:85 L:7335 U:000
UPID
US38-0436373
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.64M
Blend (final)
Blend
$5.23M
Owner & transaction history
220 Broadway LLC · 3 yrs held
220 Broadway LLC
since 2023
Last sale
$5.0M
1 recorded transaction
Zoning & alternative use
CB · Framingham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.5M
+68.0%
Auto repair, garage
$8.3M
+62.8%
Neighborhood: shopping center
$8.1M
+60.3%
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
$5,430,000
ML approach
$5,445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,080,000
Current use
RESTAURANT
$8,535,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,275,000
Change: +63% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,145,000
Change: +60% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,775,000
Change: +33% · Conversion: Moderate
RETAIL STORES
$6,315,000
Change: +24% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,515,000
Change: -11% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,275,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$5.23M
Range $4.71M – $5.75M · ±10% · vs last sale $5.03M (Mar 24 2023)
Last sale anchor
$5.03M
Mar 24 2023
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
$178 / 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
Assessed value
$2,853,000
Assessed 2024
Previous assessed
$2,853,000
+0.0% YoY
Assessed land
$189,500
Assessed improvement
$2,663,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
22
Rooms
60
Bathrooms
22
Total area
29,401 SF
Lot
0.5 ac (21,867 SF)
Zoning code
CB
APN
FRAM M:135 B:85 L:7335 U:000
UPID
US38-0436373
Jurisdiction
FRAMINGHAM
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CB · Framingham, MA
Zoning CB · permitted uses
CB · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.1M
RESTAURANT
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$8.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.8M
RETAIL STORES
Est. value
$6.3M
INDUSTRIAL (GENERAL)
Est. value
$4.5M
WAREHOUSE, STORAGE
Est. value
$4.3M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1900
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
22
Rooms
60
Bathrooms
22
Lot
0.5 ac
Current owner
From public records · entity-resolved
220 Broadway LLC
Entity
Mailing address
56 HOLLIS ST, FRAMINGHAM, MA 01702
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2023
$5,025,000
220 Broadway LLC
Hollis Street T
Quit Claim Arm's Length For Ne States
$3,768,750 · Digital FCU
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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