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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Office buildings
693 Central St, Franklin, MA 02038-5500
Individually Owned
Free & Clear
Property ID
US38-0889984
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1800
Construction
FRAME
Total area
7,415 SF
Lot
1.44 ac (62,814 SF)
APN
FRAN M:283 L:044
UPID
US38-0889984
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
-
Pegasus Solutions, Inc. Accounting Firm Tax Preparation
-
Dr. Elena E. Smagina, MD Pediatrician Physician
-
Dr. Michelle M. McKenney Pediatrician Physician
-
Kristen Sullivan LMHC and Associates, Inc. Medical Clinic
-
Noressa Santomenna Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.30M
Owner & transaction history
Beth A Macrae Lt
Beth A Macrae Lt
since 2026
6 recorded transactions
Zoning & alternative use
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 Franklin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin 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
APARTMENT HOUSE (5+ UNITS)
$2,130,000
Change: -2% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,900,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±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
$175 / 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
$13,087
Tax year 2024
Assessed value
$1,110,000
Assessed 2024
Previous assessed
$1,110,000
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$498,900
Assessed improvement
$611,100
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
Off-Market
Year built
1800
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
3
Bathrooms
5
Total area
7,415 SF
Lot
1.44 ac (62,814 SF)
APN
FRAN M:283 L:044
UPID
US38-0889984
Jurisdiction
FRANKLIN
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.9M
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
1800
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
3
Bathrooms
5
Lot
1.44 ac
Current owner
From public records · entity-resolved
Beth A Macrae Lt
Individual
Free & Clear · 0 yrs held
Mailing address
48 MYRTLE ST, NORFOLK, MA 02056-1316
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2026
—
Beth A Macrae Lt
Beth A Macrae
Quitclaim Deed
related
—
Apr 7, 2017
$860,000
Constellation Pegasus
Oxford Group INC
Quit Claim Arm's Length For Ne States
$688,000 · Charles River Bank
Jan 24, 2014
$850,000
Oxford Group INC
693 East Central St LLC
Quit Claim Deed
—
Apr 7, 2003
$950,000
693 East Central St LLC
Mwrh Corp
Grant Deed
$740,000 · Ben Franklin Savings Bank
Feb 11, 2000
$800,000
Mwrh Corp
Robbins,lee W
Grant Deed
$680,000 · Summit National Bank
Mar 18, 1991
—
Lee W Robbins
—
Deed Of Trust
related
$525,000 · Hudson National Bank
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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