New search
Property profile & analytics
FOR LEASE
Office buildings
959 Concord St, Framingham, MA 01701
Entity Owned
8-yr Hold
Free & Clear
Property ID
US38-2172101
For Lease
1 / 2
$7,195,000
959 Concord St, Framingham, MA 01701
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
STEEL FRAME
Total area
72,372 SF
Lot
3.48 ac (151,632 SF)
Zoning code
M-1
APN
FRAM M:093 B:25 L:2713 U:000
UPID
US38-2172101
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
-
Rejane Guerrier, MD Physician
-
Seung-Jae Lee, MD - DUPLICATE Physician
-
Michelle Liang Ophthalmologist
-
Renee Goetzler, MD, MPH Physician
-
Karthik Ravindran, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.87M
Blend (final)
Blend
$7.20M
Owner & transaction history
180-194 W LLC · 8 yrs held
180-194 W LLC
since 2018
7 recorded transactions
Zoning & alternative use
M-1 · Framingham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,385,000
Current use
INDUSTRIAL (GENERAL)
$11,110,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$7.20M
Range $6.48M – $7.91M · ±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
$99 / 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
$329,110
Tax year 2024
Assessed value
$12,952,000
Assessed 2024
Previous assessed
$12,952,000
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$2,018,300
Assessed improvement
$10,933,700
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
For Lease
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
14
Bathrooms
8
Total area
72,372 SF
Lot
3.48 ac (151,632 SF)
Zoning code
M-1
APN
FRAM M:093 B:25 L:2713 U:000
UPID
US38-2172101
Jurisdiction
FRAMINGHAM
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Framingham, MA
Zoning M-1 · permitted uses
M-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
$11.4M
INDUSTRIAL (GENERAL)
Est. value
$11.1M
OFFICE BUILDING Current
INDUSTRIAL (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
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
14
Bathrooms
8
Lot
3.48 ac
Current owner
From public records · entity-resolved
180-194 W LLC
Entity
Free & Clear · 8 yrs held
Mailing address
430 E 1ST ST, SOUTH BOSTON, MA 02127-1320
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2018
—
180-194 Wfst LLC
—
Deed
related
$10,000,000 · Blue Hills Bank
Jun 29, 2018
$13,300,000
180-194 W LLC
Crp 3 Concord Street Prop
Quit Claim Deed
—
May 6, 2008
$13,700,000
Crp-3 Concord St Prop LLC
959 Concord LLC
Grant Deed
—
Aug 8, 2005
$7,220,000
959 Concord LLC
G&i Concord LLC
Grant Deed
$6,350,000 · Aetna Life & Casualty
Sep 5, 2001
$12,150,000
G&i III Concord LLC
959 Concord LLC
Grant Deed
$9,000,000 · Metro Life Ins Co
Aug 24, 1998
—
959 Concord LLC
—
Deed Of Trust
related
$100,000,000 · Lehman Capital Corp
Jan 28, 1998
—
959 Concord LLC
—
Deed Of Trust
related
$6,500,000 · Citizens Bank Of Ma
Sep 6, 1988
—
959 Concord St. RT
—
Deed Of Trust
related
$867,500 · Zuckerman Family Nomi
—
—
Crp 3 Concord Street Prop
—
Loan Modification
related
$6,350,000 · Miscellaneous Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
