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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Office buildings
9 Vernon St, Framingham, MA 01701-4784
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1888433
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1865
Construction
FRAME
Total area
4,079 SF
Lot
0.2 ac (8,625 SF)
Zoning code
B-1
APN
FRAM M:090 B:34 L:6838 U:000
UPID
US38-1888433
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
-
The Law Office of Benjamin Colten Law Firm
-
Maria Robinson City Government Office
-
DCA General Contractor
-
Bill Bonk Insurance Marketing Insurance Agency
-
Development Communications Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$760k
Blend (final)
Blend
$795k
Owner & transaction history
Bonk Realty LLC · 5 yrs held
Bonk Realty LLC
since 2020
Last sale
$772,500
5 recorded transactions
Zoning & alternative use
B-1 · Framingham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+78.9%
Neighborhood: shopping center
$1.1M
+76.1%
Retail stores
$875,000
+36.5%
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 Framingham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Framingham 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
$820,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$640,000
Current use
AUTO REPAIR, GARAGE
$1,150,000
Change: +79% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,130,000
Change: +76% · Conversion: Difficult
RETAIL STORES
$875,000
Change: +36% · Conversion: Moderate
COMMERCIAL (GENERAL)
$705,000
Change: +10% · Conversion: Easy
WAREHOUSE, STORAGE
$595,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $773k (Aug 25 2020)
Last sale anchor
$773k
Aug 25 2020
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
$195 / 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
$20,412
Tax year 2024
Assessed value
$803,300
Assessed 2024
Previous assessed
$803,300
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$300,800
Assessed improvement
$502,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1865
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
7
Bathrooms
2
Total area
4,079 SF
Lot
0.2 ac (8,625 SF)
Zoning code
B-1
APN
FRAM M:090 B:34 L:6838 U:000
UPID
US38-1888433
Jurisdiction
FRAMINGHAM
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Framingham, MA
Zoning B-1 · permitted uses
B-1 · Framingham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Framingham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$640,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RETAIL STORES
Est. value
$875,000
COMMERCIAL (GENERAL)
Est. value
$705,000
WAREHOUSE, STORAGE
Est. value
$595,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
1865
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
7
Bathrooms
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Bonk Realty LLC
Entity
Mailing address
49 WILLIS RD, SUDBURY, MA 01776-1614
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2025
—
Bonk Realty LLC
—
Deed
related
$382,234 · Pnc Bank NA
Aug 25, 2020
$772,500
Bonk Realty LLC
Old Dog RT
Quit Claim Arm's Length For Ne States
$600,000 · Citizens Bank Of Rhode Island
Apr 20, 2018
—
Old Dog RT
—
Deed
related
$377,600 · Middlesex Savings Bank
Jul 11, 2008
—
Walsh,cynthia R Tr
—
Deed Of Trust
related
$455,000 · Middlesex Savings Bank
May 1, 2003
—
Walsh,cynthia R Tr
—
Deed Of Trust
related
$440,000 · Framingham Cp Bank
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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