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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Automotive properties
260 Main St, North Reading, MA 01864-1339
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US38-2390601
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Total area
9,930 SF
Lot
0.92 ac (40,075 SF)
Zoning code
HB
APN
NREA M:013.0 B:0000 L:0095.0
UPID
US38-2390601
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
-
North Reading Subaru Car Dealership
-
Subaru Parts Department Auto Parts Store
-
Cardtronics ATM Atm
-
North Reading Subaru Service Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$730k
Owner & transaction history
North Reading M K LLC · 17 yrs held
North Reading M K LLC
since 2009
5 recorded transactions
Zoning & alternative use
HB · North 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$74 / 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
$25,884
Tax year 2024
Assessed value
$1,959,400
Assessed 2024
Previous assessed
$1,850,600
+5.9% YoY
Effective rate
1.32%
On assessed value
Assessed land
$529,700
Assessed improvement
$1,429,700
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Heating
NONE
Buildings
5
Total area
9,930 SF
Lot
0.92 ac (40,075 SF)
Zoning code
HB
APN
NREA M:013.0 B:0000 L:0095.0
UPID
US38-2390601
Jurisdiction
NORTH READING
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
HB · North Reading, MA
Zoning HB · permitted uses
HB · 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.
Building & site characteristics
From public records
Heating
NONE
Buildings
5
Lot
0.92 ac
Current owner
From public records · entity-resolved
North Reading M K LLC
Entity
Mailing address
185 MAIN ST, STONEHAM, MA 02180-1620
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2009
$1,800,000
North Reading M K LLC
Northprop LLC
Deed
$1,755,000 · Centrix Bk & Tr
Mar 17, 2008
$1,500,000
Northprop LLC
260 Main Street LLC
Grant Deed
—
Dec 18, 2003
—
260 Main St LLC
—
Deed Of Trust
related
$1,038,750 · Citizens Bank Of Nh
Dec 17, 2003
$1
Main St L L C 260
Groux,roger C
Grant Deed
related
—
Dec 12, 2000
—
Roger C Groux
—
Deed Of Trust
related
$340,000 · Zwi Kohorn
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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