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Property profile & analytics
OFF-MARKET
Banks
21 Harnden St Reading, MA 01867
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-0792699
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2000
Construction
STEEL FRAME
Total area
3,168 SF
Lot
0.14 ac (5,959 SF)
Zoning code
BUSB
APN
READ M:022.0-0000-0073.0
UPID
US38-0792699
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Christ G Grevelis · 6 yrs held
Christ G Grevelis
since 2019
7 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
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
$15,279
Tax year 2024
Assessed value
$1,182,600
Assessed 2024
Previous assessed
$1,182,600
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$383,900
Assessed improvement
$798,700
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
3,168 SF
Lot
0.14 ac (5,959 SF)
Zoning code
BUSB
APN
READ M:022.0-0000-0073.0
UPID
US38-0792699
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
2000
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Christ G Grevelis
Individual
Mailing address
248 ANDOVER ST, PEABODY, MA 01960-1502
Ownership since
2019
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
Oct 7, 2020
—
Harris G T 2019
—
Deed
related
$500,000 · North Shore Bank
Aug 2, 2019
—
Christ G Grevelis
Harris G
Quit Claim Deed
related
—
Aug 15, 2014
—
Harris G RT
—
Grant Deed
related
$360,000 · North Shore Bank
Oct 26, 2010
—
Harris G RT
—
Deed Of Trust
related
$400,000 · Equitable Coop Bank
Nov 24, 1999
—
Harris G RT
—
Deed Of Trust
related
$425,000 · Danvers Savings Bank
Oct 22, 1998
$213,000
Reading Town Of
Harris G RT
Grant Deed
—
Apr 29, 1992
—
Harris G RT
—
Deed Of Trust
related
$65,000 · Zuckerman Family Nomi
Mar 29, 1989
$400,000
Harris G RT
Eastern Auto Parts
Grant Deed
$380,000 · First Colonial Bk Svg
Jul 8, 1988
—
Eastern Auto Parts Co
—
Deed Of Trust
related
$150,000 · Bankboston Development Co LLC
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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