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    Property profile & analytics

    232 Ash St Reading, MA 01867-3625

    • Warehouses
    • 41,256 SF
    • 2.49 lot acres
    OFF-MARKET
    Value Estimation
    $545,000
    Last Sale
    Mar 02, 2020
    $500,000
    Location Intelligence
    Property ID
    US38-1474138
    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

    • North Shore Line-X Inc. / Truck Accessories Store / Truck Topper Supplier
    • Barbas Trucking Co / Trucking Company
    • The Warehouse Recording Studios / Recording Studio

    Property Details for 232 Ash St

    Year built
    1965
    Construction
    STEEL FRAME
    Lot size
    2.49 lot acres
    Property size
    41,256 SF
    Zone code
    IND
    Property type
    Warehouses
    APN
    READ M:012.0-0000-0118.0
    APU
    READM0120000001180

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $545,000

    • CAP approach

      CAP return
      Estimation
      6%
      $545,000
      6.5%
      $590,000
      7%
      $585,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $605,000
      Geo Method
      $545,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $525,000
      Retail
      $485,000
      Mixed-Use
      $500,000
      Hospitality
      $515,000
      Educational
      $445,000
      Residential Income
      $580,000
      Energy
      $490,000
      Income-Based Land
      $490,000
      Food Service
      $580,000

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0998
    Latitude
    42.5179
    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
    $27,406
    $1,346,400
    $774,800
    $2,121,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $395,000
      221 SF

      Lowell St

      BULK STORAGE, TANKS • 221 SF
      Lowell St, Reading, MA 01867
      View Details
    • Value Estimation by Request
      7,311 SF

      236 Ash St

      MANUFACTURING (LIGHT) • 7,311 SF
      236 Ash St, Reading, MA 01867-3672
      View Details
    • Value Estimation by Request
      46,244 SF

      80 New Xing Rd

      MANUFACTURING (LIGHT) • 46,244 SF
      80 New Xing Rd, Reading, MA 01867-3254
      View Details
    • Value Estimation by Request
      6,312 SF

      244 Ash St

      MANUFACTURING (LIGHT) • 6,312 SF
      244 Ash St, Reading, MA 01867-3625
      View Details
    • Value Estimation
      $595,000
      1,968 SF

      9 Pierce St

      MANUFACTURING (LIGHT) • 1,968 SF
      9 Pierce St, Reading, MA 01867-2636
      View Details
    • Value Estimation by Request
      2,992 SF

      John St

      INDUSTRIAL (GENERAL) • 2,992 SF
      John St, Reading, MA 01867
      View Details

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    Similar Nearby for Lease

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      Office space in Route 93 Corridor, ideal for professionals.
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    232 Ash St
    Reading, MA 01867-3625
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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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