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    Property profile & analytics

    61 Nicholas Rd, Unit 7 Framingham, MA 01701

    • Investment properties
    • 18,774 SF
    • 0.85 lot acres
    For Lease
    View listing
    $2,400 /Mo
    Value Estimation
    $2,785,000
    Last Sale
    May 05, 2023
    $2,800,000
    Location Intelligence
    Property ID
    US38-0646723
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Anthony's Safety / Gun Shop
    • Upscale Contracting / Construction Company
    • Llo electrician corp / Electrician
    • L.K Tactical & Training / Gun Shop
    • Northeast Reiki Center / Reiki Therapist / Training Centre

    Property Details for 61 Nicholas Rd

    Year built
    1957
    Construction
    FRAME
    Lot size
    0.85 lot acres
    Property size
    18,774 SF
    Zone code
    B-2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    FRAM M:040 B:24 L:3508 U:000
    APU
    FRAMM040B24L3508U000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,025,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,635,000
      6.5%
      $2,810,000
      7%
      $2,810,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,545,000
      Geo Method
      $2,615,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,050,000
      Retail
      $2,800,000
      Mixed-Use
      $2,425,000
      Hospitality
      $2,490,000
      Educational
      $2,625,000
      Residential Income
      $2,570,000
      Energy
      $2,350,000
      Income-Based Land
      $2,415,000
      Food Service
      $2,565,000

    Location Insight

    • Map
    • Local Demand
    City
    Framingham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.4035
    Latitude
    42.3281
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2016
    $34,037
    $336,000
    $1,587,300
    $1,923,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,602 SF

      51 Beacon St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,602 SF
      51 Beacon St, Framingham, MA 01701-4906
      View Details
    • Value Estimation by Request
      2,409 SF

      45 Beulah St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,409 SF
      45 Beulah St, Framingham, MA 01701-5243
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    • Value Estimation by Request
      5,744 SF

      57 Cochituate Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,744 SF
      57 Cochituate Rd, Framingham, MA 01701-7914
      View Details
    • Value Estimation by Request
      8,590 SF

      931 Worcester Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 8,590 SF
      931 Worcester Rd, Framingham, MA 01701-5211
      View Details
    • Value Estimation
      $530,000
      1,628 SF

      33 Cochituate Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,628 SF
      33 Cochituate Rd, Framingham, MA 01701-7914
      View Details
    • Value Estimation
      $335,000
      2,660 SF

      130 Maynard Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,660 SF
      130 Maynard Rd, Framingham, MA 01701-2504
      View Details

    Similar Nearby for Sale

    • $4,666,000

      Framingham Mixed-Use Investment

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    • Contact for pricing
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      Fully renovated retail space in Framingham's thriving commercial corridor.
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    • Contact for pricing
      25,200 SF

      Renovated Office Building in Framingham

      Completely renovated office building available for sale or lease.
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    • $550,000
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      Residential Land in Framingham, MA

      Land opportunity in Framingham's finest neighborhood to build or renovate.
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      Commercial Property with Showroom Potential

      Commercial property suitable for showroom or condo conversion project.
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    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

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      Framingham, MA: Prime Retail Opportunity
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      View Details
    • $18 SF/Yr

      Framingham Office Space Available

      Office space for lease with highway access and ample parking.
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      View Details
    • $17 SF/Yr
      1,600 SF

      Framingham Flex Space Available

      Flex space available in Framingham, Massachusetts.
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      View Details
    • Contact for pricing
      3,092 SF

      Retail Space in Framingham Center

      Retail space available in a busy Framingham shopping center.
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      View Details
    • Contact for pricing
      3,101 SF

      Framingham Office Park Suites Available

      Multi-tenant office building with modern amenities and abundant parking.
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      View Details
    • Contact for pricing
      24,000 SF

      Framingham Office Building For Lease

      Three-story office building near major routes and amenities.
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      View Details
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    61 Nicholas Rd, Unit 7
    Framingham, MA 01701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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