Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    High-Traffic Retail Location Available Title is generated by Realmo AI

    153 Main Street, North Reading, MA 01864

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in North Reading with high visibility and parking.

    Type:Retail
    Added:
    Mar 6, 2026
    Days on Market:
    78
    Last Refresh:
    Apr 5 at 10:15 pm

    Property Features for 153 Main Street

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1977

    We can help!

    Listing Contact
    Jeremy Cyrier, CCIM
    Jeremy Cyrier, CCIM

    Listing agent Jeremy Cyrier, CCIM License #MA #9048314

    Listing office Mansard Commercial Properties

    Listing date Mar 6, 2026

    Source Masscommercialproperties

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Mansard Commercial Properties

    HighLights

    • High‑traffic location with visibility to 16,000+ vehicles per day (VPD).
    • Located in affluent North Reading, MA with high median disposable income ($114,674).
    • On‑site surface parking.
    • Renovated in 2014.
    • Free‑standing retail building offering stand‑alone store identity.
    • ADA access.

    Overview

    This retail location at 153 Main Street in North Reading, Massachusetts, is available for lease. The property benefits from high traffic volume due to its location at the signalized intersection of Route 128 and Lowell Road, with visibility to over 16,000 vehicles per day. The building, renovated in 2014, offers on-site surface parking and ADA access. As a free-standing retail building, it provides a stand-alone store identity. North Reading is an affluent community with 15,668 residents and a median disposable income of $114,674.
    Property Profile Location Intelligence

    Current Use by Public Records

    Big City Moving ... Moving Company The Harvest Club, LLC Corporate Office ROBERT P. LOPEZ Real Estate Agency EDO Solutions Tech Support Center Saber Group Association Or Organization

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Reading
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.112
    Latitude
    42.5809

    Nearby Similar for Lease

    • $700/Mo
      220 SF

      Private Office Space Included Utilities

      Well-maintained office space with included utilities and ample parking.
      348 Park St, North Reading, MA 01864
      View Details
    • $700/Mo
      220 SF

      Private Office Space For Rent

      Private office space with utilities included and ample parking.
      348 Park St #206, North Reading, MA 01864
      View Details
    • Contact for pricing
      2,200 SF

      Office Space For Lease

      Office space available for lease in North Reading, MA.
      66 Concord St, North Reading, MA 01864
      View Details
    • Contact for pricing
      40,280 SF

      Industrial Truck Terminal & Repair

      40,000 SF industrial truck terminal and repair garage for lease.
      North Reading, MA 01864
      View Details
    • Contact for pricing
      30,400 SF

      North Reading Industrial Space

      Industrial space with direct Interstate 93 access, near Boston.
      35-37 Concord St, North Reading, MA
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in North Reading with high visibility and parking.
    Where is this retail space located?
    The property is located at 153 Main Street North Reading, MA.
    What are key features of this property?
    This property features: High‑traffic location with visibility to 16,000+ vehicles per day (VPD).; Located in affluent North Reading, MA with high median disposable income ($114,674).; On‑site surface parking.
    (617) 674-2043
    We can help!
    Listing Contact
    Jeremy Cyrier, CCIM
    Jeremy Cyrier, CCIM
    Real Estate License ID: MA #9048314
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    153 Main Street, North Reading, MA 01864
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!