Financial
Distress signals
Property profile

248 Main St Reading, MA 01867

OFF-MARKET
Parking lots & garages
Property ID
US38-0899628
1,982 SF 0.23 ac lot Built 1920
Last sale Feb 2026 · $2,875,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

248 Main Street is a multi-tenant office building in Reading, Massachusetts, with approximately 18,000 square feet of private office suites. The building includes handicapped accessibility features and an elevator, and provides common bathrooms in the hall outside the office suites. The Main Street frontage places the property on a roadway with a traffic count of 14,730. One representative suite within the building is approximately 1,193 square feet and includes multiple windows, a reception

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$3k
Tax billed · 2024
Assessed value$199k
Assessed land$187k
Assessed improvement$12k
Effective rate1.29%

Value estimate

· Sep 2026
$230k
$207k – $253k
AI approach$215k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$481/SF
County average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$114 – $1,018

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BUSA
JurisdictionREADING

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service11.9
Parking Facility11.4
Storage Facility10.5

Location

248 Main St Reading, MA 01867-3608
County assessor Recorded deeds · 11 transfers Qualifying comp sales · not on file 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

5 recorded sales · 10 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
16 Chute, Reading, MA 01867 $1,600,000 May 2025 N/A
88 Walkers Brk, Reading, MA 01867-3225 $21,000,000 May 2023 16,498 SF
98 Walkers Brk, Reading, MA 01867-3225 $21,000,000 May 2023 33,152 SF
459 Main, Reading, MA 01867-3105 $825,000 Mar 2023 1,811 SF
1337 Main, Reading, MA 01867-1134 $1,200,000 Aug 2020 1,736 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
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?”
You own 248 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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