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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office buildings
908 Concord St, Framingham, MA 01701-4633
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1348671
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
FRAME
Total area
2,281 SF
Lot
0.26 ac (11,195 SF)
Zoning code
R-1
APN
FRAM M:093 B:15 L:7552 U:000
UPID
US38-1348671
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
-
Right Track Painting & Sealcoating Painting Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$409k
Blend (final)
Blend
$525k
Owner & transaction history
Quetzal Enterprises LLC · 1 yrs held
Quetzal Enterprises LLC
since 2024
Last sale
$525,000
5 recorded transactions
Zoning & alternative use
R-1 · Framingham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$640,000
+78.9%
Neighborhood: shopping center
$630,000
+76.1%
Retail stores
$490,000
+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
$525,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$360,000
Current use
AUTO REPAIR, GARAGE
$640,000
Change: +79% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$630,000
Change: +76% · Conversion: Difficult
RETAIL STORES
$490,000
Change: +36% · Conversion: Moderate
COMMERCIAL (GENERAL)
$395,000
Change: +10% · Conversion: Easy
WAREHOUSE, STORAGE
$330,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $525k (Dec 12 2024)
Last sale anchor
$525k
Dec 12 2024
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
$230 / 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
$10,967
Tax year 2024
Assessed value
$431,600
Assessed 2024
Previous assessed
$431,600
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$321,400
Assessed improvement
$110,200
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
1960
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Rooms
4
Bathrooms
3
Total area
2,281 SF
Lot
0.26 ac (11,195 SF)
Zoning code
R-1
APN
FRAM M:093 B:15 L:7552 U:000
UPID
US38-1348671
Jurisdiction
FRAMINGHAM
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
R-1 · Framingham, MA
Zoning R-1 · permitted uses
R-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
$360,000
AUTO REPAIR, GARAGE
Est. value
$640,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$630,000
RETAIL STORES
Est. value
$490,000
COMMERCIAL (GENERAL)
Est. value
$395,000
WAREHOUSE, STORAGE
Est. value
$330,000
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
1960
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Rooms
4
Bathrooms
3
Lot
0.26 ac
Current owner
From public records · entity-resolved
Quetzal Enterprises LLC
Entity
Mailing address
163 NEWBURY ST, FRAMINGHAM, MA 01701-4537
Ownership since
2024
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
Dec 12, 2024
$525,000
Quetzal Enterprises LLC
Blue Moon RT
Deed
$262,500 · Avidia Bank
Dec 12, 2024
—
Quetzal Enterprises LLC
—
Deed
related
$218,000 · Granite State Economic Development Corp
May 6, 2002
$275,000
Blue Moon RT
Friedband,neil G
Grant Deed
$275,000 · Community Bank NA
Jan 27, 1997
—
Neil G Frieband
—
Deed Of Trust
related
$110,000 · Middlesex Savings Bank
Jan 12, 1989
—
Neil G Frieband
—
Deed Of Trust
related
$125,000 · Baybank Middlesex
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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