Property profile & analytics
770 Water St Framingham, MA 01701-3136
- Commercial land
- 45,437 SF
- 4.85 lot acres
OFF-MARKET
Last Sale
Dec 01, 2021
Dec 01, 2021
$11,600,000
Value Estimations
$11,125,000
Show details
Cap Rate Potential
6.8%
Commercial land
Location Intelligence
Property ID
US38-0492985
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
- Commercial land
Property Details for 770 Water St
- Year built
- 1960
- Construction
- STEEL FRAME
- Lot size
- 4.85 lot acres
- Property size
- 45,437 SF
- Zone code
- B-2
- Property type
- Commercial land
- APN
- FRAM M:037 B:44 L:0665 U:000
- APU
- FRAMM037B44L0665U000
Description
This exceptional new construction retail space, located within the vibrant Nobscot Village in Framingham, Massachusetts, presents a unique leasing opportunity. Situated in a thriving mixed-use development, this property offers 10,000 square feet of vacant, ground-level retail space, ideal for a variety of businesses. The building is part of a larger project that includes 158 luxury apartments, ensuring a built-in customer base and high foot traffic. The space is divisible, with a minimum leasable area of 4,000 square feet and a maximum contiguous space of 6,000 square feet, providing flexibility for businesses of varying sizes. This presents an excellent chance to establish a presence in a rapidly growing area of MetroWest, benefiting from the synergy of a bustling residential community. The property is located in Middlesex County, offering easy access to major transportation routes and a diverse customer demographic. This is a rare opportunity to secure prime retail space in a brand-new, high-profile development, perfectly positioned for success. The modern design and convenient location make this an attractive option for businesses seeking a high-visibility location with strong potential for growth. Don't miss this chance to be part of a thriving community.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $10,970,000
- ML approach
- $9,920,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $12,495,000
- 6.5%
- $11,535,000
- 7%
- $10,710,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $7,855,000 Current use
- RESTAURANT
- $13,190,000 Change: +68% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $12,790,000 Change: +63% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $12,590,000 Change: +60% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $10,470,000 Change: +33% Conversion: Moderate
- RETAIL STORES
- $9,755,000 Change: +24% Conversion: Easy
- OFFICE BUILDING
- $7,150,000 Change: -9% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $6,975,000 Change: -11% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Framingham
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.434
- Latitude
- 42.3283
- 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
2024
$25,273
$994,600
$0.00
$994,600
-
$0.00
$0.00
$0.00
