Realmo Analytics

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Property profile

58 Concord St North Reading, MA 01864

FOR LEASE
Office buildings
View Listing
Property ID
US38-0399740
9,360 SF 1.42 ac lot Built 1968
Last sale Mar 2025 · $2,650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 9,600 square foot, two-story office building is available for lease at 58 Concord Street in North Reading, MA. Built in 1968 and renovated in 2000, this single-tenant property sits on 1.42 acres of land and offers ample parking with approximately 38 spaces. The building features a functional layout including seven offices, a conference room, kitchen, two restrooms, and file storage on the first floor. The second floor boasts 19 private offices, two additional restrooms, and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$17k
Tax billed · 2024
Assessed value$1.28M
Assessed land$484k
Assessed improvement$793k
Effective rate1.32%

Value estimate

· Oct 2026
$2.32M
$2.09M – $2.55M
AI approach$2.33M
Submarket $/SF estimate$1.72M
NOI build-up
Gross scheduled income$130k
Vacancy & credit loss−$7k
Operating expenses−$37k
NOI · 430.16% cap applied$86k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$242/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$160 – $325
Qualifying comparables11

Cap rate analysis

How does the asset earn?
430.16%
$86k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IB
JurisdictionNORTH READING

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.8
Dental Office14.5
Auto Parts Store13.0

Location

58 Concord St North Reading, MA 01864
County assessor Recorded deeds · 2 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
170 Main, North Reading, MA 01864-3116 $1,300,000 Jul 2024 1,056 SF
247 Main, North Reading, MA 01864-1301 $600,000 Feb 2023 1,950 SF
143 Main, North Reading, MA 01864-2201 $385,000 Jun 2022 758 SF
133 Park, North Reading, MA 01864-2542 $665,000 Jun 2022 1,891 SF
72 Concord, North Reading, MA 01864-2607 $1,400,000 Jul 2021 11,478 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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