Back to Search
Property profile & analytics
OFF-MARKET
Medical Office Space
205 Main St North Reading, MA 01864-3174
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US38-1280909
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Total area
3,371 SF
Lot
0.94 ac (40,946 SF)
Zoning code
HB
APN
NREA M:014.0 B:0000 L:0121.0
UPID
US38-1280909
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
-
Dr. J Steven Tonelli, DMD Dental Office
-
Crowley Brian J DDS Dental Office
-
Dr. Mark G. Webster, DDS Dental Office
-
Dental Health Concepts Dental Office
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
Tonelli Realty LLC · 22 yrs held
Tonelli Realty LLC
since 2003
7 recorded transactions
Zoning & alternative use
HB · North 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 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
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
$25,293
Tax year 2024
Assessed value
$1,914,700
Assessed 2024
Previous assessed
$1,806,200
+6.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$531,200
Assessed improvement
$1,383,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Heating
NONE
Buildings
2
Units
1
Total area
3,371 SF
Lot
0.94 ac (40,946 SF)
Zoning code
HB
APN
NREA M:014.0 B:0000 L:0121.0
UPID
US38-1280909
Jurisdiction
NORTH READING
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
HB · North Reading, MA
Zoning 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
North Reading. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Buildings
2
Units
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Tonelli Realty LLC
Entity
Mailing address
205 MAIN ST, NORTH READING, MA 01864-3174
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2022
—
Tonelli Rlty LLC
—
Deed
related
$927,000 · Bay Colony Development Corp
Feb 17, 2022
—
Tonelli Realty LLC
—
Deed
related
$638,000 · Enterprise Bank & Trust Co
May 29, 2013
—
Tonelli Realty LLC
—
Deed Of Trust
related
$1,185,000 · Enterprise Bank & Trust
Apr 29, 2013
—
Tonelli Realty LLC
—
Deed Of Trust
related
$165,500 · Enterprise Bank & Trust
Dec 30, 2011
—
Tonelli Realty LLC
—
Deed Of Trust
related
$159,750 · Zions First National Bank
Dec 19, 2008
—
Tonelli Realty LLC
—
Deed Of Trust
related
$870,000 · Bank Of America
Nov 24, 2003
$850,000
Tonelli Realty LLC
Stackhouse,donald B
Grant Deed
$680,000 · Saugus Cp Bank
Nov 24, 2003
—
Tonelli Realty LLC
—
Deed Of Trust
related
$85,000 · Zwi Kohorn
Mar 7, 2001
—
Donald B Stackhouse
—
Deed Of Trust
related
$100,000 · 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.
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 205 Main 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.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
