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    Property profile & analytics

    880 Central St Franklin, MA 02038-3248

    • Parking lots & garages
    • 0.60 lot acres
    OFF-MARKET
    Value Estimation
    $385,000
    Location Intelligence
    Property ID
    US38-1984573
    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

    • The Wise Company, Inc. / Industrial Equipment Supplier
    • Wise Way Self Storage / Rv Storage Facility / Storage Facility
    • W.G. Services / Farm Equipment Repair Service / Professional Services

    Property Details for 880 Central St

    Lot size
    0.60 lot acres
    Property type
    Parking lots & garages
    APN
    FRAN M:271 L:021
    APU
    FRANM271L021

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $480,000
      6.5%
      $450,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $400,000
      Geo Method
      $485,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $410,000
      Retail
      $445,000
      Mixed-Use
      $545,000
      Hospitality
      $550,000
      Educational
      $455,000
      Residential Income
      $520,000
      Energy
      $490,000
      Income-Based Land
      $430,000
      Food Service
      $525,000

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.4338
    Latitude
    42.0899
    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
    $3,222
    $254,800
    $18,500
    $273,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $295,000
      342 SF

      10 Central St

      PARKING LOT • 342 SF
      10 Central St, Franklin, MA 02038
      View Details
    • Value Estimation
      $295,000
      0.40 Acres

      26 Dean Ave

      PARKING LOT • 0.40 Acres
      26 Dean Ave, Franklin, MA 02038
      View Details
    • Value Estimation
      $285,000
      1.43 Acres

      Chestnut St

      PARKING LOT • 1.43 Acres
      Chestnut St, Franklin, MA 02038
      View Details
    • Value Estimation
      $405,000
      0.47 Acres

      16 Dean Ave

      PARKING LOT • 0.47 Acres
      16 Dean Ave, Franklin, MA 02038
      View Details
    • Value Estimation
      $380,000
      1,855 SF

      23 Cottage St

      PARKING LOT • 1,855 SF
      23 Cottage St, Franklin, MA 02038
      View Details
    • Value Estimation
      $325,000
      0.41 Acres

      128 Emmons St

      PARKING LOT • 0.41 Acres
      128 Emmons St, Franklin, MA 02038
      View Details

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    • Contact for pricing
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    Similar Nearby for Lease

    • $18 SF/Yr
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      Retail Space in Franklin, MA

      Retail space available for lease in Franklin, Massachusetts.
      13 Main St, Franklin, MA 02038
      View Details
    • Contact for pricing
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      Highly visible retail/office space with high traffic volume.
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      View Details
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      Franklin Village Plaza: Retail Opportunity

      High-traffic shopping center; spaces available.
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    • New
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      Downtown Franklin Retail/Office Space

      Prime retail/office space with patio in downtown Franklin.
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    • $17 SF/Yr
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      Downtown Retail/Office Space Available

      850 SF retail/office space in Franklin's central business district.
      16 Cottage St, Franklin, MA 02038
      View Details
    • Contact for pricing
      175,000 SF

      Franklin Retail Plaza Opportunity

      Grocery-anchored retail space available in Franklin, MA
      303 Central St, Franklin, MA 02038
      View Details
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    880 Central St
    Franklin, MA 02038-3248
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    Realmo Value Estimation

    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.

    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.

    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
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