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Property profile & analytics
OFF-MARKET
Estimated value
$2,225,000
Retail space
25 Hvn St, Reading, MA 01867-2930
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1299472
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1938
Construction
STEEL FRAME
Total area
7,953 SF
Lot
0.43 ac (18,931 SF)
Zoning code
BUSB
APN
READ M:016.0-0000-0309.0
UPID
US38-1299472
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
-
higi Physician
-
Coleen Dechiara Pharmacy
-
Reading Mosque Charitable Organization Social Service Agency
-
NAFIS Boston Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.28M
CAP Approach
CAP
$1.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.23M
Owner & transaction history
North Amer Fndtn Of Islam · 2 yrs held
North Amer Fndtn Of Islam
since 2023
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
BUSB · Reading, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+7.7%
Auto repair, garage
$2.2M
+4.4%
Neighborhood: shopping center
$2.2M
+2.8%
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
Method
Estimation
Statistic approach
$2,275,000
ML approach
$2,275,000
CAP Approach
CAP Return
Estimation
6%
$1,905,000
6.5%
$1,760,000
7%
$1,635,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,145,000
Current use
RESTAURANT
$2,310,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,240,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,205,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,055,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,830,000
Change: -15% · Conversion: Difficult
OFFICE BUILDING
$1,740,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±10% · vs last sale $2.18M (Aug 3 2023)
Last sale anchor
$2.18M
Aug 3 2023
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
$280 / 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
$28,533
Tax year 2024
Assessed value
$2,208,400
Assessed 2024
Previous assessed
$2,208,400
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$397,000
Assessed improvement
$1,811,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1938
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
7,953 SF
Lot
0.43 ac (18,931 SF)
Zoning code
BUSB
APN
READ M:016.0-0000-0309.0
UPID
US38-1299472
Jurisdiction
READING
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BUSB · Reading, MA
Zoning BUSB · permitted uses
BUSB · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.1M
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1938
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
North Amer Fndtn Of Islam
Individual
Mailing address
25 HVN ST, READING, MA 01867-2930
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2023
—
North Amer Fndtn Of Islam
Devon Bank
Quit Claim Deed
related
$3,881,939 · Devon Bank
Aug 3, 2023
$2,175,000
Devon Bank
25 Haven Street LLC
Quit Claim Arm's Length For Ne States
$3,881,939 · Devon Bank
May 31, 2023
—
25 Haven Street LLC
—
Deed
related
$500,000 · Northern Bank & Trust Co
May 1, 2020
$2,225,000
25 Haven Street LLC
Bre 25 Haven LLC
Quit Claim Deed
related
—
Aug 13, 2019
$1,550,000
Bre-haven LLC
Walgreen Estn Co INC
Quit Claim Deed
—
Aug 9, 2019
—
Walgreen Estn Co INC
Welgreen Co
Quit Claim Deed
related
—
Sep 12, 1996
$370,000
Pjc Realty Co INC
Reading Town Of
Grant Deed
—
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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