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Property profile & analytics
OFF-MARKET
Investment properties
24 Gould St Reading, MA 01867-2927
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0837149
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2020
Construction
STEEL FRAME
Total area
57,000 SF
Lot
0.71 ac (30,771 SF)
Zoning code
BUSB
APN
READ M:016.0-0000-0304.0
UPID
US38-0837149
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
-
Ace Flats Apartment Building
-
Johnna Masala Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ace Flats LLC · 1 yrs held
Ace Flats LLC
since 2025
Last sale
$26.4M
6 recorded transactions
Zoning & alternative use
BUSB · 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 Reading submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2021Property tax & assessments
Tax year 2021
Tax billed
$33,080
Tax year 2021
Assessed value
$9,156,200
Assessed 2024
Previous assessed
$9,156,200
+0.0% YoY
Effective rate
0.36%
On assessed value
Assessed land
$3,458,700
Assessed improvement
$5,697,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2020
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
4
Units
63
Bathrooms
2
Total area
57,000 SF
Lot
0.71 ac (30,771 SF)
Zoning code
BUSB
APN
READ M:016.0-0000-0304.0
UPID
US38-0837149
Jurisdiction
READING
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BUSB · Reading, MAZoning BUSB · permitted uses
BUSB · Reading, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2020
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
4
Buildings
1
Units
63
Bathrooms
2
Lot
0.71 ac
Current owner
From public records · entity-resolved
Ace Flats LLC
Entity
Mailing address
50 SUMMER ST, BOSTON, MA 02110-1003
Ownership since
2025
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
Jul 9, 2025
$26,350,000
Ace Flats LLC
24 Gould LLC
Deed
$14,000,000 · Greystone Servicing Corp
Mar 2, 2022
—
24 Gould LLC
—
Deed
related
$15,206,000 · Eastern Bank
Jul 17, 2019
—
24 Gould LLC
—
Deed
related
$14,200,000 · Property&casualty
Oct 18, 2017
$1,800,000
24 Gould LLC
C & M Realty Trust
Quit Claim Deed
$1,760,000 · Property & Cslty Init
Nov 10, 1989
—
Rivers Invt
—
Deed Of Trust
related
$63,000 · Bank For Savings, The
May 8, 1987
—
Investment Trus Rivers
—
Deed Of Trust
related
$4,000,000 · Bank For Savings, The
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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