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Property profile & analytics
OFF-MARKET
Estimated value
$11,385,000
Manufacturing properties
9 Frg Pkwy Franklin, MA 02038-3150
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-1148009
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Construction
STEEL FRAME
Total area
82,014 SF
Lot
8.23 ac (358,629 SF)
APN
FRAN M:275 L:017
UPID
US38-1148009
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
-
iAutomation Industrial Manufacturer Production Facility
-
Draka USA Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.42M
Comparable Approach
Comparable
$11.43M
Blend (final)
Blend
$11.39M
Owner & transaction history
Forge Parkway Owner LLC · 8 yrs held
Forge Parkway Owner LLC
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$14.2M
+5.4%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$14,540,000
6.5%
$13,420,000
7%
$12,465,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$13,445,000
Current use
WAREHOUSE, STORAGE
$14,175,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$11.39M
Range $10.25M – $12.52M · ±10%
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
$139 / 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
$99,111
Tax year 2024
Assessed value
$8,406,400
Assessed 2024
Previous assessed
$8,406,400
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,896,100
Assessed improvement
$5,510,300
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
10
Total area
82,014 SF
Lot
8.23 ac (358,629 SF)
APN
FRAN M:275 L:017
UPID
US38-1148009
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$13.4M
WAREHOUSE, STORAGE
Est. value
$14.2M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
10
Lot
8.23 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
6 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 27, 2018
—
Forge Parkway Owner LLC
Big Box Property Owner F2
Quit Claim Deed
related
—
Dec 30, 2015
$10,700
Big Box Property Owner F2
Exeter 9 Forge Park LLC
Quit Claim Deed
—
Oct 25, 2012
$9,200,000
Exeter 9 Forge Park LLC
Crp 2 Forge LLC
Grant Deed
$60,800,000 · Webster Bank
Sep 26, 2003
$9,808,000
Forge Park Investors LLC
Bcia New Eng Holdings
Grant Deed
—
Jun 23, 1999
$5,800,000
Bcia New Eng Hldgs LLC
Mgi 9 Forge Pk INC
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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