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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Office buildings
234 Park St, North Reading, MA 01864-3220
Entity Owned
14-yr Hold
Free & Clear
Property ID
US38-1384882
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Total area
2,296 SF
Lot
0.48 ac (21,039 SF)
Zoning code
LB
APN
NREA M:042.0 B:0000 L:0147.0
UPID
US38-1384882
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
-
Asset Inter Tech Inc Industrial Manufacturer Production Facility
-
LJR Engineering, Inc. Civil Engineer Land Surveyor
-
Corner Stone Realty Real Estate Agency
-
Classified Realty Group, LLC : Laurie Cappuccio Real Estate Agency
-
The Irish Connection Inc. Home Health Care Services Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$747k
Blend (final)
Blend
$740k
Owner & transaction history
234 Park Street LLC · 14 yrs held
234 Park Street LLC
since 2011
7 recorded transactions
Zoning & alternative use
LB · North Reading, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$645,000
+16.1%
Neighborhood: shopping center
$635,000
+14.3%
Retail stores
$620,000
+11.2%
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
Alternative Use
Use
Estimation
OFFICE BUILDING
$555,000
Current use
AUTO REPAIR, GARAGE
$645,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$620,000
Change: +11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$595,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$322 / 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
$8,532
Tax year 2024
Assessed value
$645,900
Assessed 2024
Previous assessed
$608,600
+6.1% YoY
Effective rate
1.32%
On assessed value
Assessed land
$372,900
Assessed improvement
$273,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1962
Heating
HOT WATER
Stories
2
Total area
2,296 SF
Lot
0.48 ac (21,039 SF)
Zoning code
LB
APN
NREA M:042.0 B:0000 L:0147.0
UPID
US38-1384882
Jurisdiction
NORTH READING
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
LB · North Reading, MA
Zoning LB · permitted uses
LB · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$555,000
AUTO REPAIR, GARAGE
Est. value
$645,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$635,000
RETAIL STORES
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$595,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1962
Heating
HOT WATER
Stories
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
234 Park Street LLC
Entity
Free & Clear · 14 yrs held
Mailing address
234 PARK ST, NORTH READING, MA 01864-3220
Ownership since
2011
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
Nov 29, 2011
—
234 Park Street LLC
—
Deed Of Trust
related
$290,000 · Metro Cu
Oct 20, 2011
$1
234 Park Street LLC
234 Park Street RT
Grant Deed
—
Mar 10, 2008
$420,000
234 Park Street RT
234 Park Street N Read RT
Grant Deed
$296,000 · Belmont Savings Bank
Mar 10, 2008
—
234 Park Street RT
—
Deed Of Trust
related
$50,000 · Michael G Oneill Tr
Jun 9, 2000
$355,000
234 Park St N Read RT
Triglione,arthur J
Grant Deed
$272,000 · East Boston Savings Bank
Feb 13, 1995
—
Colonial Vlg Dev Corp
—
Deed Of Trust
related
$25,000 · Zuckerman Family Nomi
Oct 7, 1993
—
62 T Rte
—
Deed Of Trust
related
$120,000 · Stoneham Savings Bank
Aug 13, 1993
$77,500
62 T Rte
Chinook RT
Grant Deed
—
May 4, 1988
—
Chinook RT
—
Deed Of Trust
related
$100,000 · First Colonial Bk Svg
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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