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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Office buildings
615 Concord St, Framingham, MA 01702-8066
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1893574
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Construction
STEEL FRAME
Total area
10,752 SF
Lot
0.45 ac (19,646 SF)
Zoning code
R-1
APN
FRAM M:112 B:01 L:8963 U:000
UPID
US38-1893574
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
-
Whitney & Gore Financial Services Tax Preparation
-
Kathryn Polyakov DMD Dental Office
-
Star Smile Dental & Implant Center Dental Office
-
whitney gore financial Consultant
-
E C Schirmer Music Co Editorial Dept. Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.09M
Owner & transaction history
Guardian Concord Prop LLC · 5 yrs held
Guardian Concord Prop LLC
since 2021
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
R-1 · Framingham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.7M
+5.9%
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
$1,045,000
ML approach
$1,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,560,000
Current use
INDUSTRIAL (GENERAL)
$1,650,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10% · vs last sale $1.14M (Mar 5 2021)
Last sale anchor
$1.14M
Mar 5 2021
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
$101 / 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
Tax billed
$30,065
Tax year 2024
Assessed value
$1,183,200
Assessed 2024
Previous assessed
$1,183,200
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$203,200
Assessed improvement
$980,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
6
Bathrooms
3
Total area
10,752 SF
Lot
0.45 ac (19,646 SF)
Zoning code
R-1
APN
FRAM M:112 B:01 L:8963 U:000
UPID
US38-1893574
Jurisdiction
FRAMINGHAM
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
R-1 · Framingham, MA
Zoning R-1 · permitted uses
R-1 · 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
OFFICE BUILDING Current
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
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
1973
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
6
Bathrooms
3
Lot
0.45 ac
Current owner
From public records · entity-resolved
Guardian Concord Prop LLC
Entity
Mailing address
10 STIRRUP BRK LN, NORTHBOROUGH, MA 01532-2065
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2022
—
Guardian Concord Prop LLC
—
Deed
related
$200,000 · Avidia Bank
Mar 5, 2021
$1,140,000
Guardian Concord Prop LLC
Anthony&co RT
Quit Claim Arm's Length For Ne States
$912,000 · Avidia Bank
Oct 2, 2008
—
Anthony RT
—
Deed Of Trust
related
$175,000 · Mitchell J Greb
Mar 10, 2006
—
Anthony & Co RT
—
Deed Of Trust
related
$850,000 · Middlesex Savings Bank
Jul 19, 2004
—
Anthony & Co RT
—
Deed Of Trust
related
$16,000,000 · Sovereign Bank
Jan 26, 2004
$1
Anthony & Co RT
Gagliardi,anthony M
Grant Deed
related
—
Jul 9, 2003
$1
Anthony Gagliardi
Tr,gagliardi Exchange T S
Grant Deed
related
—
Apr 30, 2003
$930,000
Exchange T Gagliardi
Mapa Corp
Grant Deed
$500,000 · Brookline Coop Bank
Jan 3, 1996
$564,075
Palm Corp
Cg&g RT
Grant Deed
—
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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