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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Office buildings
133 Park St, North Reading, MA 01864-2542
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1071294
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
1,891 SF
Lot
0.44 ac (18,949 SF)
Zoning code
LB
APN
NREA M:054.0 B:0000 L:0071.0
UPID
US38-1071294
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
-
Edward Jones - Financial Advisor: Eric W Evans Financial Advisor
-
Sawyer Contract Interiors, Inc. Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$615k
Blend (final)
Blend
$635k
Owner & transaction history
Shaw&sons T · 4 yrs held
Shaw&sons T
since 2022
Last sale
$665,000
4 recorded transactions
Zoning & alternative use
LB · North Reading, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$530,000
+16.1%
Neighborhood: shopping center
$525,000
+14.3%
Retail stores
$510,000
+11.2%
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
$615,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$460,000
Current use
AUTO REPAIR, GARAGE
$530,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$525,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$510,000
Change: +11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$490,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $665k (Jun 2 2022)
Last sale anchor
$665k
Jun 2 2022
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
$336 / 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
$8,859
Tax year 2024
Assessed value
$670,600
Assessed 2024
Previous assessed
$632,300
+6.1% YoY
Effective rate
1.32%
On assessed value
Assessed land
$369,800
Assessed improvement
$300,800
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
Year built
1985
Heating
CENTRAL
Stories
1
Total area
1,891 SF
Lot
0.44 ac (18,949 SF)
Zoning code
LB
APN
NREA M:054.0 B:0000 L:0071.0
UPID
US38-1071294
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
OFFICE BUILDING Current
Est. value
$460,000
AUTO REPAIR, GARAGE
Est. value
$530,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$525,000
RETAIL STORES
Est. value
$510,000
COMMERCIAL (GENERAL)
Est. value
$490,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
1985
Heating
CENTRAL
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Shaw&sons T
Individual
Mailing address
PO BOX 588, NORTH READING, MA 01864-0588
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
$665,000
Shaw&sons T
North Reading Park T
Quit Claim Arm's Length For Ne States
$300,000 · Enterprise Bank & Trust Co
Oct 28, 2011
—
North Reading Park Pl RT
—
Deed Of Trust
related
$241,500 · Institution For Savings
Mar 24, 1992
—
Reading Pk Pl RT North
—
Deed Of Trust
related
$152,000 · Northmark Bank
Jun 22, 1990
—
No Reding Park Pl RT
—
Deed Of Trust
related
$80,000 · Northmark Bank
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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