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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Office buildings
112 Haverhill St, North Reading, MA 01864-2577
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-2385267
Property summary
AI-generated overview
This exceptional North Reading, MA industrial property presents a unique redevelopment or continued-use opportunity. Located at 112 Haverhill St, 01864, this 2.2-acre site (GIS map lots 51 and 56) boasts two buildings totaling 10,300 square feet. The existing structures comprise an office space and an auto body shop, featuring five offices, four baths, and a large warehouse area. The property offers ample parking for over 50 vehicles and benefits from a beautiful, level site abutting Ipswich River Park. Currently zoned for automotive use (grandfathered), any change of use will require approval from the zoning board. Prospective buyers/developers are responsible for conducting their own due diligence regarding permitted uses and any special permits required from the ZBA or Planning Board. A Certificate of Occupancy (21E) will be provided before closing. The business currently operating on the site is relocating, ensuring a vacant delivery upon sale. The asking price for this prime location is $1,650,000.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
6,812 SF
Lot
0.9 ac (39,204 SF)
Zoning code
RA
APN
NREA M:041.0 B:0000 L:0051.0
UPID
US38-2385267
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
North Reading Auto Repair Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.33M
Owner & transaction history
112 Haverhill St Rlty LLC · 3 yrs held
112 Haverhill St Rlty LLC
since 2022
Last sale
$1.6M
1 recorded transaction
Zoning & alternative use
RA · North Reading, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+19.8%
Auto repair, garage
$1.9M
+16.1%
Neighborhood: shopping center
$1.9M
+14.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Reading submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Reading submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,355,000
ML approach
$1,370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,650,000
Current use
RESTAURANT
$1,980,000
Change: +20% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,915,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,885,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$1,835,000
Change: +11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,760,000
Change: +7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,570,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10% · vs last sale $1.55M (Feb 28 2025)
Last sale anchor
$1.55M
Feb 28 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$195 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$10,676
Tax year 2024
Assessed value
$808,200
Assessed 2024
Previous assessed
$764,700
+5.7% YoY
Effective rate
1.32%
On assessed value
Assessed land
$392,900
Assessed improvement
$415,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Buildings
3
Total area
6,812 SF
Lot
0.9 ac (39,204 SF)
Zoning code
RA
APN
NREA M:041.0 B:0000 L:0051.0
UPID
US38-2385267
Jurisdiction
NORTH READING
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
RA · North Reading, MA
Zoning RA · permitted uses
RA · North Reading, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Reading. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.7M
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
RETAIL STORES
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Buildings
3
Lot
0.9 ac
Current owner
From public records · entity-resolved
112 Haverhill St Rlty LLC
Entity
Free & Clear · 3 yrs held
Mailing address
112 HAVERHILL ST, NORTH READING, MA 01864-2577
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2022
—
112 Haverhill St Rlty LLC
North Reading Town Of
Redemption Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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