500 STAPLES DR
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Location
500 STAPLES DR
Mblu
105/ 80/ 8966/ /
Acct#
12218
Owner
STP FRAMINGHAM (MA), LLC
PBN
Total Market Value
$83,235,500
Appraisal
$83,235,500
PID
12218
Building Count
3
Current Value
Appraisal
Valuation YearBuildingExtra FeaturesOutbuildingsLandTotal
2026$69,529,200$780,200$2,651,600$10,274,500$83,235,500
Assessment
Valuation YearBuildingExtra FeaturesOutbuildingsLandTotal
2026$69,529,200$780,200$2,651,600$10,274,500$83,235,500

Owner of Record
OwnerSTP FRAMINGHAM (MA), LLC
Co-Ownerc/o KYNDRYL INC
Address2 INTERNATIONAL DR
STE 200 PPT MD269
RYE BROOK, NY 10573
Sale Price$165,000,000
Certificate
Book & Page 74089/0080
Sale Date02/04/2020
Instrument1V

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
STP FRAMINGHAM (MA), LLC $165,000,000 74089/00801V02/04/2020
RED HQ PROPCO, LLC $1 72552/01411F05/03/2019
STAPLES, INC $10,000,000 27588/03871G08/19/1997

Building Information
Building 1 : Section 1
Year Built: 1999
Living Area: 636,186
Replacement Cost: $99,794,251
Building Percent Good: 82
Replacement Cost
Less Depreciation:
$53,190,300
Building Attributes
FieldDescription
TypeProfessional & Medical Offices
ModelCommercial
GradeAverage
Stories6
Exterior Wall 1Brick
Exterior Wall 2Glass
Roof StructureFlat
Roof CoverMembrane
Int Wall 1Drywall
Int Wall 2 
Int Floor 1Commercial Carpet
Int Floor 2Ceramic Tl
Heat FuelGas
Heat TypeForced H/A
AC Percent100
Total Rooms0
Bedrooms0
Full Baths2
Half Baths38
FrameSteel
Plumbing 
PartitionTypical
Wall Height8.00
% Comn Wall0.00
Fireplace(s)0
Add Kit RatingNone
Fireplace RatingAverage
Kitchen RatingAverage
WS Flue RatingAverage
% Sprinkler100
ElectricTypical
WS Flues0
Heat Type 2 
Half Bath RatingAverage
Living Units1
Total # Units3
InsulationTypical
Full Bath RatingNone
Kitchens2
Extra Kitchens0
Bsmt Garage0
FoundationConcrete
Color 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSFinished Upper Story 516,330 516,330
BASBase Floor 119,856 119,856
   636,186 636,186
Building 2 : Section 1
Year Built: 1998
Living Area: 18,655
Replacement Cost: $4,861,656
Building Percent Good: 82
Replacement Cost
Less Depreciation:
$3,986,600
Building Attributes : Bldg 2 of 3
FieldDescription
TypeOffice Bldg
ModelCommercial
GradeVery Good
Stories1
Exterior Wall 1Brick
Exterior Wall 2 
Roof StructureFlat
Roof CoverMembrane
Int Wall 1Drywall
Int Wall 2 
Int Floor 1Residential Carpet
Int Floor 2Asphl Tile
Heat FuelGas
Heat TypeWarm/Coolair
AC Percent100
Total Rooms0
Bedrooms0
Full Baths0
Half Baths4
FrameSteel
Plumbing 
PartitionTypical
Wall Height8.00
% Comn Wall0.00
Fireplace(s)0
Add Kit RatingNone
Fireplace RatingAverage
Kitchen RatingAverage
WS Flue RatingAverage
% Sprinkler100
ElectricTypical
WS Flues0
Heat Type 2 
Half Bath RatingVery Good
Living Units1
Total # Units3
InsulationTypical
Full Bath RatingNone
Kitchens1
Extra Kitchens0
Bsmt Garage0
FoundationConcrete
Color 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASBase Floor 18,655 18,655
   18,655 18,655
Building 3 : Section 1
Year Built: 1998
Living Area: 252,000
Replacement Cost: $15,063,786
Building Percent Good: 82
Replacement Cost
Less Depreciation:
$12,352,300
Building Attributes : Bldg 3 of 3
FieldDescription
TypeParking
ModelCommercial
GradeGood
Stories4
Exterior Wall 1Conc.Panel
Exterior Wall 2 
Roof StructureFlat
Roof CoverOther
Int Wall 1Minimum
Int Wall 2 
Int Floor 1Concrete
Int Floor 2 
Heat FuelNone
Heat TypeNone
AC Percent0
Total Rooms0
Bedrooms0
Full Baths0
Half Baths0
FrameConcrete
Plumbing 
PartitionTypical
Wall Height8.00
% Comn Wall0.00
Fireplace(s)0
Add Kit RatingNone
Fireplace RatingAverage
Kitchen RatingNone
WS Flue RatingAverage
% Sprinkler 
ElectricTypical
WS Flues0
Heat Type 2 
Half Bath RatingNone
Living Units1
Total # Units3
InsulationTypical
Full Bath RatingNone
Kitchens0
Extra Kitchens0
Bsmt Garage0
FoundationConcrete
Color 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSFinished Upper Story 189,000 189,000
BASBase Floor 63,000 63,000
CANCanopy 59,400 0
PTOPatio 1,988 0
   313,388 252,000

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
LDL1LOAD LEVELERS1.00 UNITS$7,1001
ELVPPassenger Elevator6.00 UNITS$773,1001
SLRSolar 2446.00 UNITS$03

Land
Land Use
Use Code340C
DescriptionGEN-OFFICE  
ZoneM1
Neighborhood100
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)47.93
Frontage
Depth
Total Market Land$10,274,500
Appraised Value$10,274,500

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
FN4FENCE 8' CHAIN  50.00 L.F.$2,6002
LT4Light Four  1.00 UNITS$121,8003
LT1Light Single  1.00 UNITS$50,0003
PAT1PATIO AV  3184.00 S.F.$80,2001
SHD1SHED AV  240.00 S.F.$8,2003
PAV1PAVEMENT-ASPHALT  735000.00 S.F.$2,388,8001
Valuation History
Appraisal
Valuation YearBuildingExtra FeaturesOutbuildingsLandTotal
2025$67,818,200$780,200$2,651,600$9,784,900$81,034,900
2024$64,966,500$0$1,859,200$9,804,400$76,630,100
2023$71,309,200$0$1,890,900$8,919,500$82,119,600
2022$65,666,300$0$1,724,400$8,111,500$75,502,200

Assessment
Valuation YearBuildingExtra FeaturesOutbuildingsLandTotal
2025$67,818,200$780,200$2,651,600$9,784,900$81,034,900
2024$64,966,500$0$1,859,200$9,804,400$76,630,100
2023$71,309,200$0$1,890,900$8,919,500$82,119,600
2022$65,666,300$0$1,724,400$8,111,500$75,502,200

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