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Property profile & analytics
FOR SALE
Parking lots & garages
248 Main St, Reading, MA 01867
Entity Owned
~
Est. High Equity
Property ID
US38-0899628
For Sale
1 / 2
$2,350,000
248 Main St, Reading, MA 01867
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1920
Total area
1,982 SF
Lot
0.23 ac (10,202 SF)
Zoning code
BUSA
APN
READ M:011.0-0000-0191.0
UPID
US38-0899628
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
-
Aimee Trottier Bonfilio with The Ternullo Team at Leading Edge Real Estate Real Estate Agency
-
Shamrock Financial Corporation Loan Service Bank
-
Judy Johnson Realty Group at Leading Edge Real Estate Real Estate Agency
-
Pat DeWolfe REALTOR Real Estate Agency
-
Lisa A Gilligan Law Offices Law Firm
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
248 Main Street LLC
248 Main Street LLC
since 2026
Last sale
$210,000
7 recorded transactions
Zoning & alternative use
BUSA · 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 2024Property tax & assessments
Tax year 2024
Tax billed
$2,566
Tax year 2024
Assessed value
$198,600
Assessed 2024
Previous assessed
$198,600
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$186,500
Assessed improvement
$12,100
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
Parking lots & garages
Use group
PARKING LOT
Status
For Sale
Year built
1920
Heating
NONE
Total area
1,982 SF
Lot
0.23 ac (10,202 SF)
Zoning code
BUSA
APN
READ M:011.0-0000-0191.0
UPID
US38-0899628
Jurisdiction
READING
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BUSA · Reading, MA
Zoning BUSA · permitted uses
BUSA · Reading, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Reading. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Lot
0.23 ac
Current owner
From public records · entity-resolved
248 Main Street LLC
Entity
Mailing address
51 MAIN ST STE #3, STONEHAM, MA 02180-3371
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2026
$2,875,000
248 Main Street LLC
C&s Capital Prop LLC
Deed
$1,150,000 · Savings Bank Trust
Dec 30, 2020
$2,350,000
C & S Cap Prop LLC
Carter
Quit Claim Deed
—
Nov 16, 2020
—
Carter & Coleman RT Trust
Anthony P Carpenella
Quit Claim Deed
related
—
Jul 27, 2018
—
Carter&coleman RT
—
Deed
related
$1,450,000 · Mutual Bank Fsb
Dec 20, 2013
—
Carter RT
—
Deed Of Trust
related
$1,400,000 · Mutual Savings Bank
Dec 27, 2004
—
258 Main St T
—
Grant Deed
related
$300,000 · Citizens Bank Of Ma
Oct 9, 2002
—
Carter RT
—
Deed Of Trust
related
$150,000 · Sovereign Bank
Nov 22, 1999
—
Carter RT
—
Deed Of Trust
related
$1,600,000 · Fleet National Bank
Dec 30, 1992
$210,000
Carter RT
Carpenella,felix F JR
Grant Deed
$110,000 · Zwi Kohorn
Jul 9, 1992
$245,000
Carter RT
Genevieve Richardson T
Grant Deed
$160,000 · Zenon Grzybowski
Sep 6, 1990
$254,700
Christopher E Coleman
Fasciano,edward R
Grant Deed
$208,800 · Zenon Grzybowski
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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