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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Investment properties
132 Park St, North Reading, MA 01864-2572
Individually Owned
17-yr Hold
Property ID
US38-1749302
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Total area
2,870 SF
Lot
0.34 ac (14,810 SF)
Zoning code
LB
APN
NREA M:054.0 B:0000 L:0118.0
UPID
US38-1749302
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
-
Colonial Dry Cleaners (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$730k
Comparable Approach
Comparable
$481k
Blend (final)
Blend
$605k
Owner & transaction history
Francis M Brachanow JR. · 17 yrs held
Francis M Brachanow JR.
since 2008
7 recorded transactions
Zoning & alternative use
LB · North Reading, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$810,000
+8.9%
Neighborhood: shopping center
$795,000
+7.2%
Retail stores
$775,000
+4.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$790,000
6.5%
$730,000
7%
$675,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$740,000
Current use
AUTO REPAIR, GARAGE
$810,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$795,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$775,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$695,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$605k
Range $545k – $666k · ±10%
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
$211 / 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
$11,717
Tax year 2024
Assessed value
$887,000
Assessed 2024
Previous assessed
$825,600
+7.4% YoY
Effective rate
1.32%
On assessed value
Assessed land
$361,100
Assessed improvement
$525,900
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Heating
HOT WATER
Buildings
2
Stories
2
Rooms
9
Bathrooms
4
Total area
2,870 SF
Lot
0.34 ac (14,810 SF)
Zoning code
LB
APN
NREA M:054.0 B:0000 L:0118.0
UPID
US38-1749302
Jurisdiction
NORTH READING
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
LB · North Reading, MA
Zoning LB · permitted uses
LB · 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
COMMERCIAL (GENERAL) Current
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$810,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$795,000
RETAIL STORES
Est. value
$775,000
OFFICE BUILDING
Est. value
$695,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
Year built
1900
Heating
HOT WATER
Stories
2
Buildings
2
Rooms
9
Bathrooms
4
Lot
0.34 ac
Current owner
From public records · entity-resolved
Francis M Brachanow JR.
Individual
Mailing address
3 EE ST, NORTH READING, MA 01864-2962
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2022
—
Francis Brachanow
—
Deed
related
$36,747 · Figure Lending Lcc
Dec 9, 2021
—
Francis M Brachanow
—
Deed
related
$325,000 · Stoneham Cooperative Bank
May 6, 2021
—
Francis Brachanow
—
Deed
related
$78,743 · Figure Lending Lcc
Sep 15, 2008
$1
Francis M Brachanow JR.
Brachanow,francis M JR
Grant Deed
related
—
Dec 30, 2003
$375,000
Frank M Brachanow JR.
Park Investments LLC
Grant Deed
$341,250 · East Boston Savings Bank
May 1, 2000
$302,000
Park Inv LLC
Pike,robert
Grant Deed
$337,500 · East Boston Savings Bank
Jun 9, 1989
$312,000
Robert Pike
132 Park St Assoc T
Grant Deed
$239,000 · Hibernia Savings Bank
Feb 15, 1989
—
Park St Assocs T 132
—
Deed Of Trust
related
$275,000 · Pioneer Fin Cp Bk
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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