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Property profile & analytics
OFF-MARKET
Estimated value
$8,345,000
Super regional malls
800 Franklin St, Holbrook, MA 02343-1893
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1319716
Property summary
AI-generated overview
Holbrook Center, located at 800 S Franklin St, Holbrook, MA 02343, presents a prime retail investment opportunity. This 50,955 square foot shopping center sits on an 8.93-acre lot at a signalized intersection with high visibility and traffic counts exceeding 27,500 vehicles per day. The property boasts 283 parking spaces and convenient access points. Currently, a 3,889 square foot pad site is available for lease. The center is zoned B1-Business District and underwent renovations in 2019. Strong national tenants such as Tractor Supply Company, Family Dollar, and Dollar Tree are already established, creating a vibrant retail environment. The center benefits from excellent visibility and pylon signage. The location enjoys proximity to other key retailers including Burger King, Colonial Federal Savings Bank, and Shell Oil. A substantial population of over 200,000 people, with a median income exceeding $90,000, resides within a five-mile radius, providing a robust customer base. This property offers exceptional potential for retail success.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1961
Construction
CONCRETE
Total area
52,828 SF
Lot
5.22 ac (227,383 SF)
Zoning code
B1
APN
HOLB M:52 L:004-04-1
UPID
US38-1319716
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
-
Family Dollar Discount Store
-
Tractor Supply Co. Pet Store & Service
-
Bank of America ATM Atm
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.35M
Owner & transaction history
Exchangeright Net Leased · 4 yrs held
Exchangeright Net Leased
since 2022
Last sale
$7.8M
7 recorded transactions
Zoning & alternative use
B1 · Holbrook, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.3M
+360.7%
Restaurant
$9.4M
+283.3%
Apartment house (5+ units)
$6.6M
+167.6%
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 Holbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Holbrook 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
$8,515,000
ML approach
$9,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,320,000
Change: +361% · Conversion: Moderate
RESTAURANT
$9,415,000
Change: +283% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,575,000
Change: +168% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,345,000
Change: +158% · Conversion: Difficult
RETAIL STORES
$6,045,000
Change: +146% · Conversion: Easy
MEDICAL BUILDING
$6,040,000
Change: +146% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,035,000
Change: +146% · Conversion: Easy
Blend value · Realmo final
$8.35M
Range $7.51M – $9.18M · ±10% · vs last sale $7.81M (Mar 25 2022)
Last sale anchor
$7.81M
Mar 25 2022
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
$158 / 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
$146,920
Tax year 2024
Assessed value
$5,525,400
Assessed 2024
Previous assessed
$5,116,100
+8.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$2,026,000
Assessed improvement
$3,499,400
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1961
Construction
CONCRETE
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Total area
52,828 SF
Lot
5.22 ac (227,383 SF)
Zoning code
B1
APN
HOLB M:52 L:004-04-1
UPID
US38-1319716
Jurisdiction
HOLBROOK
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
B1 · Holbrook, MA
Zoning B1 · permitted uses
B1 · Holbrook, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Holbrook. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$11.3M
RESTAURANT
Est. value
$9.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$6.3M
RETAIL STORES
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$6.0M
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1961
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Lot
5.22 ac
Current owner
From public records · entity-resolved
Exchangeright Net Leased
Individual
Mailing address
1055 E COLORADO BLVD STE #310, PASADENA, CA 91106-2374
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2022
—
Exchangeright Value Add 2
—
Deed
related
$12,550,000 · Barclays Cap Re INC
Mar 25, 2022
$7,814,940
Exchangeright Net Leased
Exeter Intl Realty LLC
Quit Claim Arm's Length For Ne States
$44,450,000 · Morgan Stanley Credit Corp
Dec 7, 2020
—
Exeter Intl Rlty LLC
—
Deed
related
$3,200,000 · Citizens Bank Of Rhode Island
Jul 30, 2020
$6,850,000
Exeter Inatl Realty LLC
Holbrook Cre LLC
Quit Claim Deed
$900,000 · Wilshire Quinn Income
Sep 4, 2019
$3,100,000
Holbrook Cre LLC
Trt Holbrook LLC
Quit Claim Deed
related
$5,700,000 · Rollstone Bk&tr
Aug 6, 2007
$18,605,195
Trt Holbrook LLC
Tedeschi Realty Corp
Grant Deed
$184,300,000 · Lasalle Bank Fsb
Aug 6, 2007
—
Trt Holbrook LLC
—
Deed Of Trust
related
$184,300,000 · Lasalle Bank Fsb
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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