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Financial
Distress signals
Property profile

61 Nicholas Rd 7 Framingham, MA 01701

FOR LEASE
Other investment properties
Property ID
US38-0646723
18,774 SF 0.85 ac lot Built 1957
Last sale May 2023 · $2,800,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years.
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Property summary

AI-generated overview

The property includes an office space measuring 440 square feet within an 18,774 square foot multi-use building in North Framingham. The building is arranged with retail spaces on the first floor and office space on the second floor, with a total of 5 retail stores on the first level and 5 offices on the second level. The site features an on-site parking lot with capacity for approximately 86 or more vehicles. The building is positioned to provide convenient access to Route 9 and the…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2016

What does the county charge?
$34k
Tax billed · 2016
Assessed value · 2024$1.92M
Assessed land$336k
Assessed improvement$1.59M
Effective rate1.77%

Value estimate

· Oct 2026
$3.03M
$2.72M – $3.33M
AI approach$2.97M
Submarket $/SF estimate$1.93M
NOI build-up
Gross scheduled income$61k
Vacancy & credit loss−$4k
Operating expenses−$17k
NOI · 1,676.83% cap applied$40k

Realmo valuation models over county records and 19 qualifying comparable sales.

Recently sold

What actually traded nearby?
$173/SF
Submarket average, outlier-cleaned · 56 recorded sales of this use type
Observed band · Q1–Q3$88 – $250
Qualifying comparables19

Cap rate analysis

How does the asset earn?
1,676.83%
$40k 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?
B-2
B-2), General Business (B-3 and B-4), Central Business (CB), and Business (B). (1) Neighborhood Business: B-1. The purpose of the Neighbo...
General categoryCOMMERCIAL
JurisdictionFRAMINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.5
Building Supply12.3
Law Firm12.2

Location

61 Nicholas Rd, Unit 7 Framingham, MA 01701
County assessor Recorded deeds · 4 transfers 19 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

5 recorded sales · 8 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
41 Richwood, Framingham, MA 01701-5314 $475,000 Apr 2022 1,472 SF
100 Pennsylvania, Framingham, MA 01701-8869 $4,550,000 Dec 2021 79,250 SF
23 Walsh, Framingham, MA 01701-5336 $600,000 Jun 2021 2,841 SF
1508 Concord, Framingham, MA 01701-7700 $225,000 May 2021 2,026 SF
33 Cochituate, Framingham, MA 01701-7914 $528,000 Jan 2021 1,628 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
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