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    Property profile & analytics

    1331 Main St Reading, MA 01867-1158

    • Retail space
    • 1,275 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-1288138
    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

    • Overbrook Ice Cream Inc / Ice Cream Shop
    • Dandi-Lyons / Ice Cream Shop / Dessert Shop

    Property Details for 1331 Main St

    Year built
    1970
    Construction
    STEEL FRAME
    Lot size
    0.42 lot acres
    Property size
    1,275 SF
    Zone code
    BUSA
    Property type
    Retail space
    APN
    READ M:051.0-0000-0085.0
    APU
    READM0510000000850

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1046
    Latitude
    42.5539
    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
    $9,125
    $517,500
    $188,800
    $706,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      7,632 SF

      172 Main St

      RETAIL STORES (PERSONAL SERVICES) • 7,632 SF
      172 Main St, Reading, MA 01867-3924
      View Details
    • Value Estimation by Request
      8,400 SF

      1349 Main St

      RETAIL STORES (PERSONAL SERVICES) • 8,400 SF
      1349 Main St, Reading, MA 01867-1174
      View Details
    • Value Estimation
      $315,000
      1,921 SF

      6 Brande Ct

      RETAIL STORES (PERSONAL SERVICES) • 1,921 SF
      6 Brande Ct, Reading, MA 01867
      View Details
    • Value Estimation
      $300,000
      3,232 SF

      1 Hvn St

      RETAIL STORES (PERSONAL SERVICES) • 3,232 SF
      1 Hvn St, Reading, MA 01867-2930
      View Details
    • Value Estimation
      $315,000
      1,728 SF

      660 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,728 SF
      660 Main St, Reading, MA 01867-3009
      View Details
    • Value Estimation by Request
      7,270 SF

      288 Main St

      RETAIL STORES (PERSONAL SERVICES) • 7,270 SF
      288 Main St, Reading, MA 01867-3612
      View Details

    Similar Nearby for Sale

    • $924,900

      Meticulously Maintained Two-Family Home

      Two-family home near downtown, commuter rail, and schools.
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    • $810,000

      Antique Colonial Two-Family Home

      Classic two-family home near Memorial Park and Reading town center.
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      Charming colonial building with approved variance for medical or wellness.
      107 Woburn St, Reading, MA 01867
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    • $149,900
      3.85 Acres

      Reading, MA Land Opportunity

      Land with future potential in Reading, Massachusetts.
      Off Charles St, Reading, MA 01867
      View Details
    • $899,000
      2.00 Acres

      Buildable Lots in Desirable Reading

      Two buildable lots with approved plans near downtown Reading.
      246 Walnut St, Reading, MA 01867
      View Details

    Similar Nearby for Lease

    • $2,800 /Mo

      Versatile Space in Reading Center

      2164+SqFt space in Reading's vibrant town center available for lease.
      11 Sanborn 1, Reading, MA 01867
      View Details
    • $5,500 /Mo

      Versatile Space in Reading Town

      Adaptable space in a vibrant downtown location, suitable for various businesses.
      11 Sanborn 1&2, Reading, MA 01867
      View Details
    • $2,700 /Mo

      Versatile Space in Vibrant Town

      Bright, flexible space in Reading's town center, suitable for various uses.
      11 Sanborn 2, Reading, MA 01867
      View Details
    • $1,100 /Mo

      Office Space Near Tewksbury Center

      Modern office space with high visibility and convenient highway access.
      725 Main St, Tewksbury, MA 01867
      View Details
    • $800 /Mo

      Prime Office Space Available

      Office space in Route 93 Corridor, ideal for professionals.
      274 Main St, Reading, MA 01867
      View Details

    Property Visit Statistics

    • Visits by month
      7.2k
    • Visitors by month
      4.0k
    • Avg Time on site
      7 min
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    1331 Main St
    Reading, MA 01867-1158
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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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