687 Waverley St Framingham, MA 01702
General Manufacturing: M. The purpose of the Manufacturing District is to provide areas within Framingham where research and development, large-scale corporations, and industrial uses may locate. It is the intent of these districts to promote viable and attractive industrial areas, with a campus-style development, promoting walkability, enhancing employment…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M · Framingham, MAGeneral Manufacturing: M. The purpose of the Manufacturing District is to provide areas within Framingham where research and development, large-scale corporations, and industrial uses may locate. It is the intent of these districts to promote viable and attractive industrial areas, with a campus-style development, promoting walkability, enhancing employment and economic vitality within the districts. To minimize conflict and preserve the Manufacturing District for its primary purposes, residential uses are not permitted. F. Open Space and Recreation District: OSR. The purpose of the Open Space and Recreation District is to encourage, preserve, and protect land for recreational uses and to conserve natural conditions, open space, wildlife and vegetation for the general welfare of the public. Lands that are environmentally sensitive shall be preserved and protected to ensure the continued health, safety, and welfare of the community and may serve as a location for passive recreational activities. This district encourages the establishment of trails for pedestrian and nonmotorized activities. G. Geriatric Care/Elderly Housing District: G-E. The purpose of the Geriatric Care/Elderly Housing District is to encourage the development of senior housing that is compatible and complementary to its neighborhood scale and context, while providing services and amenities required by seniors, and allows for and encourages neighborhood walkability. Senior housing developments shall provide for superior functional design, quality of construction, appearance, and operational standards. H. Technology Park District: TP. The purpose of the Technology Park District is to allow lands suitable for technology production and development, such as biotechnology, software and hardware development, and electronics, in addition to industrial, professional office, research and development, and manufacturing uses that are part of a master planned development project. Developments within the district shall be designed to provide a pedestrian-friendly environment, with a high attention to design and landscape detail. I.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.