Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

162 Park St North Reading, MA 01864

OFF-MARKET
Retail space
Property ID
US38-0906511
4,838 SF 0.73 ac lot
Last sale Apr 2002 · $285,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 24-yr Hold Held for 24 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This third-floor office suite is located within Ryer’s Building in North Reading in a multi-unit commercial property. The suite is configured as office space on the third level and includes visible exterior display signage on the outside of the building for business visibility. The building is situated in central North Reading, across from local schools and the library, with nearby common areas. The surrounding area is described as having a Walk Score of 46 and a Bike Score of 27, indicating greater reliance on vehicles relative to biking.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$16k
Tax billed · 2024
Assessed value$1.22M
Assessed land$385k
Assessed improvement$830k
Effective rate1.32%

Value estimate

· Oct 2026
$845k
$761k – $930k
CAP approach$1.07M
Submarket $/SF estimate$522k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$270/SF
County average, outlier-cleaned · 360 recorded sales of this use type
Observed band · Q1–Q3$140 – $417
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
LB
The intent of the zone to promote Business districts are so designated to provide for adequate areas for establishments which provide goo...
General categoryCOMMERCIAL
JurisdictionNORTH READING

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office15.4
Law Firm14.7
Restaurant13.1

Location

162 Park St North Reading, MA 01864-2346
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
325 Main, North Reading, MA 01864-1373 $1,100,000 Aug 2024 6,228 SF
134 Park, North Reading, MA 01864-2564 $900,000 Dec 2022 10,272 SF
254 Main, North Reading, MA 01864-1340 $1,425,000 Oct 2022 3,500 SF
276 Park, North Reading, MA 01864-3236 $700,000 Sep 2021 3,840 SF
134 Main, North Reading, MA 01864-2231 $481,250 Mar 2021 3,920 SF
268 Main, North Reading, MA 01864-1338 $600,000 May 2019 2,520 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 162 Park St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again