Property profile

225 Main St North Reading, MA 01864

OFF-MARKET
Retail space
Property ID
US38-1162072
7,040 SF 1.98 ac lot
Entity Owned 14-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 7,040 SF
Lot 1.98 ac (86,249 SF)
Zoning code HB
APN NREA M:014.0 B:0000 L:0127.0
UPID US38-1162072

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

225 Main St North Reading, MA 01864-3104
North Reading metro Census 330201 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$985k

Owner & transaction history

since 2011
6 recorded transactions
2011
$935,000
2011
Price N/A
2004
$800,000
2004
Price N/A
2004
$1
1998
Price N/A

Zoning & alternative use

HB · North Reading, MA
Zoning description

Highway Business (HB) District. § 200-40 Industrial/Office (I/O-1) District. § 200-32 Applicability. Except as otherwise provided in this Zoning Bylaw, no building, structure or land shall be used for a purpose other tha…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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