New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,660,000
Showrooms
217 Main St, North Reading, MA 01864-3175
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-0462712
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Total area
41,707 SF
Lot
2.88 ac (125,453 SF)
Zoning code
HB
APN
NREA M:014.0 B:0000 L:0126.0
UPID
US38-0462712
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
-
Gentle Waves Birthing Medical Clinic
-
Creating a Love for Learning, Arts and Crafts Training Center Tutoring Service
-
Stork Ready Childbirth Education In person and virtual classes Childbirth Class Pregnancy Care Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.41M
Blend (final)
Blend
$4.66M
Owner & transaction history
Prt Realty LLC · 7 yrs held
Prt Realty LLC
since 2019
6 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
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
$4.66M
Range $4.19M – $5.13M · ±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
$112 / 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
$50,474
Tax year 2024
Assessed value
$3,820,900
Assessed 2024
Previous assessed
$3,572,800
+6.9% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,540,500
Assessed improvement
$2,280,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Heating
NONE
Buildings
5
Total area
41,707 SF
Lot
2.88 ac (125,453 SF)
Zoning code
HB
APN
NREA M:014.0 B:0000 L:0126.0
UPID
US38-0462712
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
5
Lot
2.88 ac
Current owner
From public records · entity-resolved
Prt Realty LLC
Entity
Mailing address
217 MAIN ST, NORTH READING, MA 01864-3175
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2023
—
Prt Realty LLC
—
Deed
related
$2,000,000 · Bankprov
Jun 13, 2019
$3,600,000
Prt Realty LLC
W&n LP
Quit Claim Arm's Length For Ne States
$1,800,000 · Provident Bank
May 22, 1997
—
T RT
—
Deed Of Trust
related
$200,000 · Century Bank & Trust Co
Jan 9, 1996
$200,000
Fairview Ter Rlty Corp
Fairway Ter RT
Grant Deed
related
$100,000 · Zenon Grzybowski
Jan 9, 1996
—
Fairview Ter Rlty Corp
—
Deed Of Trust
related
$100,000 · Zwi Kohorn
Oct 14, 1987
—
Theodore J Neals
—
Deed Of Trust
related
$1,100,000 · Century Bank & Trust Co
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 217 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.
