Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    71 Joseph Rd Framingham, MA 01701-7639

    • Specialty properties
    • 2,210 SF
    • 0.51 lot acres
    OFF-MARKET
    Last Sale
    Dec 31, 2021
    $647,200
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0682931
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Specialty properties

    Property Details for 71 Joseph Rd

    Year built
    1958
    Construction
    FRAME
    Lot size
    0.51 lot acres
    Property size
    2,210 SF
    Zone code
    R-3
    Property type
    Specialty properties
    APN
    FRAM M:039 B:85 L:7111 U:000
    APU
    FRAMM039B85L7111U000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $610,000
      ML approach
      $595,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $396,000
      Market price range: $264k - $652k

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $450,000
      Current use
      AUTO REPAIR, GARAGE
      $620,000
      Change: +37% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $610,000
      Change: +35% Conversion: Difficult
      RETAIL STORES
      $475,000
      Change: +5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $380,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Framingham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.4166
    Latitude
    42.3295
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $6,221
    $244,100
    $309,900
    $554,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      27.40 Acres

      Winch St

      CHARITABLE ORGANIZATION • 27.40 Acres
      Winch St, Framingham, MA 01701
      View Details
    • Value Estimation by Request
      68.02 Acres

      862 Edmands Rd

      CHARITABLE ORGANIZATION • 68.02 Acres
      862 Edmands Rd, Framingham, MA 01701-3086
      View Details
    • Value Estimation
      $825,000
      4,608 SF

      670 Old Connecticut Path

      CHARITABLE ORGANIZATION • 4,608 SF
      670 Old Connecticut Path, Framingham, MA 01701-4548
      View Details
    • Value Estimation by Request
      11.48 Acres

      Eaton Rd

      CHARITABLE ORGANIZATION • 11.48 Acres
      Eaton Rd, Framingham, MA 01701
      View Details
    • Value Estimation by Request
      17.67 Acres

      261 Edmands Rd

      CHARITABLE ORGANIZATION • 17.67 Acres
      261 Edmands Rd, Framingham, MA 01701-3008
      View Details
    • Value Estimation by Request
      1.26 Acres

      125 Belknap Rd

      CHARITABLE ORGANIZATION • 1.26 Acres
      125 Belknap Rd, Framingham, MA 01701-3886
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Turn-Key Retail Space on Golden Mile

      Fully renovated retail space in Framingham's thriving commercial corridor.
      419 Worcester Rd, Framingham, MA 01701
      View Details
    • Contact for pricing
      25,200 SF

      Renovated Office Building in Framingham

      Completely renovated office building available for sale or lease.
      9 Pleasant St, Framingham, MA 01701
      View Details
    • Contact for pricing
      16,535 SF

      Framingham Mixed-Use Commercial Building

      16,535 SF mixed-use building in thriving MetroWest location.
      861 Edgell Rd, Framingham, MA 01701
      View Details
    • Contact for pricing
      25,200 SF

      Renovated Boutique Office Building For Sale

      Completely renovated 25,200 SF office building near Route 9/Mass Pike.
      9 Pleasant St, Framingham, MA 01701
      View Details
    • Contact for pricing

      Commercial Property with Showroom Potential

      Commercial property suitable for showroom or condo conversion project.
      429 Worcester Rd, Framingham, MA 01701
      View Details
    • Contact for pricing
      3,822 SF

      Renovated Office and Retail Property

      Freestanding office/retail building with flexible space and high visibility.
      211 Cochituate Rd, Framingham, MA 01701
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      13,330 SF

      Framingham Retail Space For Lease

      Prime Retail Space, 2,000 SF Available
      861 Edgell Rd, Framingham, MA 01701
      View Details
    • Sponsored
      Contact for pricing

      Framingham

      Discover many ways to work your way in Framingham
      945 Concord St, Framingham, MA 01701
      View Details
    • Contact for pricing

      MA, Framingham - Worcester Rd

      Workspaces, services and support to help you work better in MO, St. Louis - The Luxe on Lami
      1101 Worcester Rd, Framingham, MA 01701
      View Details
    • Contact for pricing
      3,101 SF

      Framingham Office Park Suites Available

      Multi-tenant office building with modern amenities and abundant parking.
      1661 Worcester Rd, Framingham, MA 01701
      View Details
    • Contact for pricing

      Land Available For Lease

      0.69 acres of land available for lease.
      691 Cochituate Rd, Framingham, MA 01701
      View Details
    • Contact for pricing
      1,600 SF

      Framingham Flex Space Available

      Flex space available in Framingham, Massachusetts.
      2 Central St, Framingham, MA 01701
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    71 Joseph Rd
    Framingham, MA 01701-7639
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!