Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Retail Space on Main Title is generated by Realmo AI

    557 Main Street, Reading, MA 01867

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

    Storefront with high visibility and foot traffic near transportation.

    Type:Retail
    Property size:
    5,000 SF
    Added:
    Mar 6, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 5 at 10:15 pm

    Property Features for 557 Main Street

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Jeremy Cyrier, CCIM
    Jeremy Cyrier, CCIM

    Listing agent Jeremy Cyrier, CCIM License #MA #9048314

    Listing office Jeremy Cyrier

    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 Jeremy Cyrier

    HighLights

    • High foot traffic, ideal for retail businesses
    • Expansive floor space options: 1,700, 2,200, or 5,000 SF
    • Prime location with excellent visibility
    • Convenient access to major highways (128, 93, 129, and 28) and MBTA Commuter Rail Station
    • Ample parking and convenient access for customers
    • Proximity to dining, shops, and parks, offering a blend of work and leisure

    Overview

    Located just north of Boston at the intersection of the 93 and 95 corridors, 557 Main Street offers a contemporary storefront with expansive floor space options of 1,700, 2,200, or 5,000 square feet and high foot traffic. The location provides convenient access to major highways and MBTA public transit to North Station. It is suitable for professional services, medical, or retail businesses seeking a dynamic environment. The property ensures customer access with parking options, visibility, and proximity to 128, 93, 129, and 28 and the MBTA Commuter Rail Station. The area features dining, shops, and parks, offering a blend of work and leisure. The location is near renowned companies, creating a business environment. The property features modern design and architecture, customizable floor plans, ample parking and convenient access, a large storefront for retailers, and a well-lit interior for a variety of uses. It also offers flexible lease terms, proximity to major transportation routes, and branding and signage opportunities.
    Location Intelligence

    Current Use by Public Records

    Reading Community Television ... Television Studio

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Similar Places Nearby

    • Stop & Shop Florist — 25 Walkers Brook Dr, Reading, MA 01867
    • Reading Town Florist — 47 Harnden St, Reading, MA 01867

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1027
    Latitude
    42.5229

    Nearby Similar for Lease

    • $2,500/Mo

      Professional Office Space Available

      Second floor office space in a professional building for rent.
      580 Main St 207, Reading, MA 01867
      View Details
    • Contact for pricing
      3,738 SF

      Prime Retail Space on Haven

      Street-level retail space in Reading's busy corridor, available now.
      26 Haven Street , Reading, MA 01867
      View Details
    • Contact for pricing

      Prime Retail Space in Reading

      Street-level retail space in downtown Reading, near transportation.
      672 Main Street, Reading, MA 01867
      View Details
    • Contact for pricing

      Haven Street Retail Space Available

      First floor retail space in downtown Reading near train station.
      50 Haven St, Reading, MA 01867
      View Details
    • Contact for pricing

      Updated Office Suite in Reading

      Updated office suite with open space, private offices, kitchenette.
      123 Haven St, Reading, MA 01867
      View Details

    FAQs

    What type of property is this?
    Storefront property - Storefront with high visibility and foot traffic near transportation.
    Where is this storefront property located?
    The property is located at 557 Main Street Reading, MA.
    What are key features of this property?
    This property features: High foot traffic, ideal for retail businesses; Expansive floor space options: 1,700, 2,200, or 5,000 SF; Prime location with excellent visibility
    (617) 674-2043
    We can help!
    Listing Contact
    Jeremy Cyrier, CCIM
    Jeremy Cyrier, CCIM
    Real Estate License ID: MA #9048314
    Learn More
    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
    557 Main Street, Reading, MA 01867
    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!