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    Property profile & analytics

    215 Main St North Reading, MA 01864-3104

    • Retail space
    • 1,869 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $775,000
    Last Sale
    Jul 29, 2021
    $725,000
    Location Intelligence
    Property ID
    US38-0632345
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Michael's Cut Above / Hair Salon / Beauty Salon

    Property Details for 215 Main St

    Lot size
    0.23 lot acres
    Property size
    1,869 SF
    Zone code
    HB
    Property type
    Retail space
    APN
    NREA M:014.0 B:0000 L:0125.0
    APU
    NREAM0140B0000L01250

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $825,000

    • CAP approach

      CAP return
      Estimation
      6%
      $810,000
      6.5%
      $845,000
      7%
      $700,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $765,000
      Geo Method
      $695,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $665,000
      Retail
      $775,000
      Mixed-Use
      $760,000
      Hospitality
      $795,000
      Educational
      $700,000
      Residential Income
      $785,000
      Energy
      $765,000
      Income-Based Land
      $755,000
      Food Service
      $800,000

    Location Insight

    • Map
    • Local Demand
    City
    North Reading
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1148
    Latitude
    42.5873
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,635
    $442,900
    $210,800
    $653,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      22,685 SF

      157 Main St

      RETAIL STORES (PERSONAL SERVICES) • 22,685 SF
      157 Main St, North Reading, MA 01864-3101
      View Details
    • Value Estimation by Request
      3,846 SF

      250 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,846 SF
      250 Main St, North Reading, MA 01864-1325
      View Details
    • Value Estimation by Request
      16,150 SF

      160 Main St

      RETAIL STORES (PERSONAL SERVICES) • 16,150 SF
      160 Main St, North Reading, MA 01864-3116
      View Details
    • Value Estimation by Request
      3,600 SF

      236 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      236 Main St, North Reading, MA 01864
      View Details
    • Value Estimation
      $250,000
      1,424 SF

      153 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,424 SF
      153 Main St, North Reading, MA 01864-3101
      View Details
    • Value Estimation
      $730,000
      3,840 SF

      276 Park St

      RETAIL STORES (PERSONAL SERVICES) • 3,840 SF
      276 Park St, North Reading, MA 01864-3236
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      31,524 SF

      Retail Space in North Reading

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      97 Main St, North Reading, MA 01864
      View Details
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      Land For Sale

      Land available for sale in North Reading, Massachusetts.
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      Rare, updated three-family property near schools and amenities.
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      Equestrian Property with Barn and Home

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      North Reading Office Condominium

      Well-maintained office condo with updated kitchenette and newer HVAC.
      350 Park St, North Reading, MA 01864
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    Similar Nearby for Lease

    • Contact for pricing
      2,012 SF

      Retail Space on Route 28

      Highly visible retail space in North Reading, Massachusetts.
      291 Main St, North Reading, MA 01864
      View Details
    • $1,500 /Mo

      Medical/Office/Retail Space in North Reading

      Turn-key medical/office/retail space in ideal North Reading location.
      178 Park St, North Reading, MA 01864
      View Details
    • $3,500 /Mo

      Route 28 Retail/Office Space

      1,056 SF retail/office space with yard and basement storage.
      170 Main St, North Reading, MA 01864
      View Details
    • $5,800 /Mo

      New Warehouse Space Available

      New warehouse building with one remaining bay for rent.
      14R Concord St, North Reading, MA 01864
      View Details
    • Contact for pricing
      30,400 SF

      North Reading Industrial Space

      Industrial space with direct Interstate 93 access, near Boston.
      35-37 Concord St, North Reading, MA 01864
      View Details
    • Contact for pricing
      40,280 SF

      Industrial Truck Terminal & Repair

      40,000 SF industrial truck terminal and repair garage for lease.
      North Reading, MA 01864
      View Details

    Property Visit Statistics

    • Visits by month
      3.1k
    • Visitors by month
      3.1k
    • Avg Time on site
      25 min
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    215 Main St
    North Reading, MA 01864-3104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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