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    Property profile & analytics
    OFF-MARKET Estimated value $11,125,000
    Commercial land

    770 Water St, Framingham, MA 01701-3136

    45,437 SF 4.85 ac lot Built 1960
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US38-0492985
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1960
    Construction STEEL FRAME
    Total area 45,437 SF
    Lot 4.85 ac (211,092 SF)
    Zoning code B-2
    APN FRAM M:037 B:44 L:0665 U:000
    UPID US38-0492985
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $9.92M
    CAP Approach CAP
    $11.54M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $11.13M
    Owner & transaction history
    Framingham Nobscot LLC · 4 yrs held
    Framingham Nobscot LLC
    since 2021
    Last sale
    $11.6M
    7 recorded transactions
    2023
    2021
    2021
    $11.6M
    2012
    2007
    2000
    $2.6M
    1999
    Zoning & alternative use
    B-2 · Framingham, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $13.2M +67.9%
    Auto repair, garage $12.8M +62.8%
    Neighborhood: shopping center $12.6M +60.2%
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