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Property profile & analytics
FOR LEASE
Retail space
153 Main St North Reading, MA 01864
Entity Owned
12-yr Hold
Free & Clear
Property ID
US38-1625922
For Lease
1 / 16
Contact for pricing
153 Main St North, Reading, MA 01864
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1977
Total area
1,424 SF
Lot
0.28 ac (12,110 SF)
Zoning code
HB
APN
NREA M:025.0 B:0000 L:0036.0
UPID
US38-1625922
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
-
Big City Moving Co Moving Company Storage Facility
-
The Harvest Club, LLC Corporate Office
-
ROBERT P. LOPEZ Real Estate Agency
-
EDO Solutions Tech Support Center (Bike/Boat/Book/etc) Store
-
Saber Group Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
I&i Holding LLC · 12 yrs held
I&i Holding LLC
since 2014
4 recorded transactions
Zoning & alternative use
HB · North Reading, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Highway Business (HB) District. § 200-40 Industrial/Office (I/O-1) District. § 200-32 Applicability. Except as otherwise provided in this Zoning Bylaw, no building, structure or land shall be used for a purpose other than one permitted in the district as prescribed in this article. Any use not permitted by this article shall be construed to be prohibited.
Zone name
Highway Business
General category
MIXED_USE
Zone area
400.42 ac
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 Reading submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,869
Tax year 2024
Assessed value
$595,700
Assessed 2024
Previous assessed
$540,200
+10.3% YoY
Effective rate
1.32%
On assessed value
Assessed land
$475,100
Assessed improvement
$120,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1977
Heating
FORCED AIR
Stories
1
Total area
1,424 SF
Lot
0.28 ac (12,110 SF)
Zoning code
HB
APN
NREA M:025.0 B:0000 L:0036.0
UPID
US38-1625922
Jurisdiction
NORTH READING
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
HB · North Reading, MAZoning HB · permitted uses
HB · North Reading, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Highway Business (HB) District. § 200-40 Industrial/Office (I/O-1) District. § 200-32 Applicability. Except as otherwise provided in this Zoning Bylaw, no building, structure or land shall be used for a purpose other than one permitted in the district as prescribed in this article. Any use not permitted by this article shall be construed to be prohibited.
Zone name
Highway Business
General category
MIXED_USE
Zone area
400.42 ac
Building & site characteristics
From public records
Year built
1977
Heating
FORCED AIR
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
I&i Holding LLC
Entity
Free & Clear · 12 yrs held
Mailing address
153 MAIN ST, NORTH READING, MA 01864-3101
Ownership since
2014
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
Jan 16, 2025
—
I & I Hld LLC
—
Deed
related
$500,000 · Stonington Capital
Feb 3, 2014
$285,000
I&i Holding LLC
Heffron Asphalt Corp
Quit Claim Deed
—
Jul 10, 1996
$150,000
Haffron Asphalt Corp
Scanlon,william J JR
Grant Deed
—
Mar 15, 1990
$106,500
William J Scanlon JR.
Simard,daniel J
Grant Deed
$150,000 · Century Bank & Trust Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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