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Property profile & analytics
OFF-MARKET
Estimated value
$6,865,000
Retail properties & Spaces
659 Worcester Rd, Framingham, MA 01701-5223
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1569499
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1996
Construction
STEEL FRAME
Total area
32,966 SF
Lot
3.52 ac (153,331 SF)
Zoning code
B
APN
FRAM M:091 B:64 L:5071 U:000
UPID
US38-1569499
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
-
Trader Joe's Grocery & Convenience Store Food Market
-
99 Restaurants Restaurant
-
Studio Optics Physician
-
METROWEST VACUUMS Home Appliance Store (Bike/Boat/Book/etc) Store
-
Willinger R Z OD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.29M
Comparable Approach
Comparable
$9.07M
Blend (final)
Blend
$6.87M
Owner & transaction history
Hamilton Wrf 659 LLC · 18 yrs held
Hamilton Wrf 659 LLC
since 2008
7 recorded transactions
Zoning & alternative use
B · Framingham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.6M
+35.2%
Auto repair, garage
$9.3M
+31.1%
Neighborhood: shopping center
$9.1M
+29.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,895,000
6.5%
$7,290,000
7%
$6,770,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,080,000
Current use
RESTAURANT
$9,570,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,280,000
Change: +31% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,135,000
Change: +29% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$7,595,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,700,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$6.87M
Range $6.18M – $7.55M · ±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
$208 / 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
$210,974
Tax year 2024
Assessed value
$8,302,800
Assessed 2024
Previous assessed
$8,302,800
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$2,040,800
Assessed improvement
$6,262,000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
10
Bathrooms
8
Total area
32,966 SF
Lot
3.52 ac (153,331 SF)
Zoning code
B
APN
FRAM M:091 B:64 L:5071 U:000
UPID
US38-1569499
Jurisdiction
FRAMINGHAM
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
B · Framingham, MA
Zoning B · permitted uses
B · 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
RETAIL STORES Current
Est. value
$7.1M
RESTAURANT
Est. value
$9.6M
AUTO REPAIR, GARAGE
Est. value
$9.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.6M
COMMERCIAL (GENERAL)
Est. value
$5.7M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (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
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
10
Bathrooms
8
Lot
3.52 ac
Current owner
From public records · entity-resolved
Hamilton Wrf 659 LLC
Entity
Mailing address
39 BRIGHTON AVE, ALLSTON, MA 02134-2301
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2008
$1
Hamilton Wrf 659 LLC
New England Rlty Assoc LP
Grant Deed
related
—
Apr 4, 2008
—
Hamilton Wrf 659 LLC
—
Deed Of Trust
related
$6,000,000 · Key Bank NA
Jun 2, 1999
$8,200,000
New England Rlty Assoc
Beckenstein Ent
Grant Deed
—
Jul 31, 1997
—
Beckenstein Ent Worcst
—
Deed Of Trust
related
$5,500,000 · Zuckerman Family Nomi
Dec 13, 1995
—
Beckenstein Ent Worc
—
Deed Of Trust
related
$5,600,000 · Fleet National Bank
Oct 5, 1995
$3,350,000
Beckenstein Ent Worc
Shaws RT
Grant Deed
—
Feb 11, 1993
$2,700,000
Shaws RT
Celeste 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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