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    Property profile & analytics

    131 Park St North Reading, MA 01864-2542

    • Investment properties
    • 2,706 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $685,000
    Last Sale
    Mar 27, 2023
    $680,000
    Location Intelligence
    Property ID
    US38-1095350
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Middlesex Survey / Land Surveyor

    Property Details for 131 Park St

    Year built
    1840
    Construction
    STONE
    Lot size
    0.16 lot acres
    Property size
    2,706 SF
    Zone code
    LB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    NREA M:054.0 B:0000 L:0072.0
    APU
    NREAM0540B0000L00720

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $735,000

    • CAP approach

      CAP return
      Estimation
      6%
      $675,000
      6.5%
      $700,000
      7%
      $715,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $630,000
      Geo Method
      $690,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $700,000
      Retail
      $585,000
      Mixed-Use
      $695,000
      Hospitality
      $655,000
      Educational
      $620,000
      Residential Income
      $595,000
      Energy
      $630,000
      Income-Based Land
      $610,000
      Food Service
      $600,000

    Location Insight

    • Map
    • Local Demand
    City
    North Reading
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0748
    Latitude
    42.5746
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,320
    $333,300
    $372,200
    $705,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,870 SF

      132 Park St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,870 SF
      132 Park St, North Reading, MA 01864-2572
      View Details
    • Value Estimation
      $1,395,000
      3,402 SF

      299 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,402 SF
      299 Main St, North Reading, MA 01864-1370
      View Details
    • Value Estimation by Request
      1,680 SF

      323 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,680 SF
      323 Main St, North Reading, MA 01864-1326
      View Details
    • Value Estimation by Request
      2,436 SF

      208 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,436 SF
      208 Main St, North Reading, MA 01864-3113
      View Details
    • Value Estimation by Request
      3.16 Acres

      103 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3.16 Acres
      103 Main St, North Reading, MA 01864-2297
      View Details
    • Value Estimation by Request
      3,462 SF

      33 Salem St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,462 SF
      33 Salem St, North Reading, MA 01864-1513
      View Details

    Similar Nearby for Sale

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      North Reading Office Condominium

      Well-maintained office condo with updated kitchenette and newer HVAC.
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      Rare, updated three-family property near schools and amenities.
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      Equestrian Property with Barn and Home

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    Similar Nearby for Lease

    • Contact for pricing
      40,280 SF

      Industrial Truck Terminal & Repair

      40,000 SF industrial truck terminal and repair garage for lease.
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    • $1,500 /Mo

      Medical/Office/Retail Space in North Reading

      Turn-key medical/office/retail space in ideal North Reading location.
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      New warehouse building with one remaining bay for rent.
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      Retail Space on Route 28

      Highly visible retail space in North Reading, Massachusetts.
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      View Details
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      North Reading Industrial Space

      Industrial space with direct Interstate 93 access, near Boston.
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      View Details
    • $1,200 /Mo

      Versatile Office Space Available

      Office space for rent, suitable for various business uses.
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      View Details
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    131 Park St
    North Reading, MA 01864-2542
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    Realmo Value Estimation

    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.

    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.

    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
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