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Property profile & analytics
FOR LEASE
Life science properties
8 Forge Pkwy Franklin, MA 02038
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-0565201
For Lease
1 / 2
$2,275,000
8 Forge Pkwy, Franklin, MA 02038
View Listing →
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1987
Construction
STEEL FRAME
Total area
102,152 SF
Lot
8.43 ac (367,341 SF)
APN
FRAN M:275 L:001
UPID
US38-0565201
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
-
Newport Corporation Corion Filters Production Facility
-
Air Inc. Factory Industrial Manufacturer
-
Horace Mann Educational Associates Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.28M
Owner & transaction history
Forge Parkway Owner LLC · 8 yrs held
Forge Parkway Owner LLC
since 2018
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$22 / 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
$115,735
Tax year 2024
Assessed value
$9,816,400
Assessed 2024
Previous assessed
$9,816,400
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$3,446,400
Assessed improvement
$6,370,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
For Lease
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Bathrooms
12
Total area
102,152 SF
Lot
8.43 ac (367,341 SF)
APN
FRAN M:275 L:001
UPID
US38-0565201
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
Building & site characteristics
From public records
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Bathrooms
12
Lot
8.43 ac
Current owner
From public records · entity-resolved
Forge Parkway Owner LLC
Entity
Mailing address
2001 ROSS AVE, DALLAS, TX 75201-2911
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2022
—
Forge Parkway Owner LLC
—
Deed
related
$342,378,000 · Bank Of America NA
Mar 29, 2018
$12,700,000
Forge Parkway Owner LLC
Big Box Property Owner F2
Quit Claim Deed
—
Mar 29, 2018
—
Forge Parkway Owner LLC
Big Box Property Owner F2
Quit Claim Deed
related
—
Dec 30, 2015
$12,450,000
Big Box Property Owner
Exeter 8 Forge Park Ll
Quit Claim Arm's Length For Ne States
$230,000,000 · Wells Fargo Bank NA
Oct 25, 2012
$11,800,000
Exeter 8 Forge Park LLC
Crp 2 Forge LLC
Grant Deed
$60,800,000 · Webster Bank
Oct 25, 2012
—
Exeter 8 Forge Park LLC
—
Deed Of Trust
related
$60,800,000 · Webster Bank
Sep 26, 2003
$8,809,000
Forge Park Investors LLC
Bcia New Eng Holdings
Grant Deed
—
Jun 23, 1999
$5,730,233
Bcia New Eng Hldgs LLC
Mgi 8 Forge Pk INC
Grant Deed
—
Aug 30, 1996
$5,060,000
Mgi 8 Forge Propty INC
Prudential Rlty Aquist
Grant Deed
—
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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