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Property profile & analytics
FOR LEASE
Office buildings
65 Franklin St, Boston, MA 02110
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1797437
For Lease
1 / 2
$5,975,000
65 Franklin St, Boston, MA 02110
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1899
Construction
BRICK
Total area
24,000 SF
Lot
0.11 ac (4,831 SF)
Zoning code
C
APN
CBOS W:03 P:04604 S:000
UPID
US38-1797437
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
-
Brown Richardson + Rowe Landscaping (Bike/Boat/Book/etc) Store
-
Bank of America Financial Center Bank Loan Service
-
Arboretum Park Conservancy Resort
-
Bank of America ATM Atm Financial Consultant
-
Boris FX (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.14M
Blend (final)
Blend
$5.98M
Owner & transaction history
65 Franklin RT · 3 yrs held
65 Franklin RT
since 2022
4 recorded transactions
Zoning & alternative use
C · Boston, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Boston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boston 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,400,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,920,000
Change: -16% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,650,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$5.98M
Range $5.38M – $6.57M · ±10%
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
$249 / 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
$166,077
Tax year 2024
Assessed value
$6,572,100
Assessed 2024
Previous assessed
$6,817,900
-3.6% YoY
Effective rate
2.53%
On assessed value
Assessed land
$3,482,000
Assessed improvement
$3,090,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1899
Construction
BRICK
Heating
NONE
Buildings
1
Stories
5
Units
12
Total area
24,000 SF
Lot
0.11 ac (4,831 SF)
Zoning code
C
APN
CBOS W:03 P:04604 S:000
UPID
US38-1797437
Jurisdiction
BOSTON
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
C · Boston, MA
Zoning C · permitted uses
C · Boston, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$9.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.9M
INDUSTRIAL (GENERAL)
Est. value
$7.7M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1899
Construction
BRICK
Heating
NONE
Stories
5
Buildings
1
Units
12
Lot
0.11 ac
Current owner
From public records · entity-resolved
65 Franklin RT
Individual
Mailing address
65 FRANKLIN ST, BOSTON, MA 02110-1303
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2022
—
65 Franklin RT
—
Deed
related
$3,250,000 · Oceanfirst Bank
Oct 25, 2013
—
65 Franklin RT
—
Deed Of Trust
related
$3,250,000 · New York Community Bank
Mar 4, 2011
—
65 Franklin RT
—
Deed Of Trust
related
$2,350,000 · New York Community Bank
Oct 19, 1990
—
Boston Hs Associates
—
Deed Of Trust
related
$210,000,000 · Zuckerman Family Nomi
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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