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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Parking lots & garages
16 Sanborn St Reading, MA 01867
Entity Owned
9-yr Hold
Free & Clear
Property ID
US38-2230675
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1849
Total area
2,831 SF
Lot
0.28 ac (12,358 SF)
Zoning code
BUSB
APN
READ M:021.0-0000-0035.0
UPID
US38-2230675
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.21M
Owner & transaction history
Creg-16 Sanborn Pl LLC · 9 yrs held
Creg-16 Sanborn Pl LLC
since 2016
5 recorded transactions
Zoning & alternative use
BUSB · Reading, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±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
$427 / 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
$6,171
Tax year 2024
Assessed value
$477,600
Assessed 2024
Previous assessed
$477,600
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$454,100
Assessed improvement
$23,500
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1849
Heating
HOT WATER
Stories
3
Units
2
Rooms
11
Bathrooms
3
Total area
2,831 SF
Lot
0.28 ac (12,358 SF)
Zoning code
BUSB
APN
READ M:021.0-0000-0035.0
UPID
US38-2230675
Jurisdiction
READING
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BUSB · Reading, MA
Zoning BUSB · permitted uses
BUSB · Reading, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Reading. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1849
Heating
HOT WATER
Stories
3
Units
2
Rooms
11
Bathrooms
3
Lot
0.28 ac
Current owner
From public records · entity-resolved
Creg-16 Sanborn Pl LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 7360, MILFORD, NH 03055-7360
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2016
$835,000
Creg-16 Sanborn Pl LLC
Reading Coop Bank
Quit Claim Deed
—
Mar 31, 2006
$700,000
Reading Coop Bank
Ranaldi,mary Gail
Grant Deed
—
Mar 3, 2003
—
Marygail Ranaldi
—
Deed Of Trust
related
$386,250 · Americas Wholesale Loan
Jan 11, 2002
$336,250
Mary G Ranaldi
Mabey,rodney W
Grant Deed
$269,000 · Cornerstone Mortgage Corp
Nov 1, 1996
$255,000
16 Sanborn St. RT
Westgate,charles B JR
Grant Deed
$205,000 · Salem Five Cents Savings 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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