Entity Owned Property summary
AI-generated overview
This exceptional office space at 274 Main Street, Unit 204, offers 843 square feet of immediately available, sunlit professional space on the second floor. The building, constructed in 1976, boasts a total of 24,174 square feet and features one elevator for convenient access. This traditional office space is ideal for a small business or individual professional seeking a well-maintained and easily accessible location. The unit is part of a multi-tenant building with ample parking – 99 spaces in total, ensuring convenient parking for tenants and their clients. The strategic location offers easy access to major roadways, including Routes 28, 95, 128, and 93, as well as convenient proximity to public transportation. While the maximum contiguous space available is 843 square feet, the building may offer additional space options within the larger 24,174 square foot building. This property presents a fantastic opportunity for businesses seeking a well-located, functional, and readily available office space. The building's convenient location and ample parking make it a highly desirable option for professionals and businesses alike. Don't miss this chance to secure your ideal workspace.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Construction
STEEL FRAME
Total area
23,985 SF
Lot
1.01 ac (43,778 SF)
Zoning code
BUSA
APN
READ M:011.0-0000-0222.0
UPID
US38-1740908
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Tax Preparation
-
Gun Shop
-
Law Firm
-
Pediatrician Physician
-
Dental Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.92M
Blend (final)
Blend
$4.05M
Owner & transaction history
since 2024
Last sale
$4.1M
6 recorded transactions
Zoning & alternative use
BUSA · Reading, MA
Top alternative use upside
Neighborhood: shopping center
$6.6M
+26.6%
Retail stores
$6.5M
+23.2%
Commercial (general)
$6.2M
+18.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.05M
Value range
$3.65M – $4.46M
±10% around blend
Estimated value / SF
$169 / SF
Confidence
High
8 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
80
$3.65M
blend $4.05M
$4.46M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
23,985 SF
Lot area
1.01 ac
Year built
1976
Stories
3
APN
READ M:011.0-0000-0222.0
Zoning
BUSA
Assessed value
$2,727,700
Annual tax
$35,242
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$4.78M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.6 mi away · 18,512 SF
11.7 mi away · 18,355 SF
12.2 mi away · 20,738 SF
13.6 mi away · 25,542 SF
14.2 mi away · 20,056 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.05M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 858 sales
$219
-23%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $169/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+27%
vs current-use indication
Retail Stores
Commercial (general)
Apartment House (5+ Units)
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.05M
Move the market yield to see immediate price impact.
Value / SF
$169
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$255k
$5.10M
$3.64M
$2.84M
$284k
$5.67M
$4.05M
$3.15M
$312k
$6.24M
$4.46M
$3.47M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$4.00M
2.8 mi · Dec 2025 · $163/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$35,242
Tax year 2024
Assessed value
$2,727,700
Assessed 2024
Previous assessed
$2,727,700
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$798,800
Assessed improvement
$1,928,900
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Bathrooms
6
Total area
23,985 SF
Lot
1.01 ac (43,778 SF)
Zoning code
BUSA
APN
READ M:011.0-0000-0222.0
UPID
US38-1740908
Jurisdiction
READING
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BUSA · Reading, MAZoning BUSA · permitted uses
BUSA · Reading, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Bathrooms
6
Lot
1.01 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BUSA
Jurisdiction
Reading, MA
Recorded code
BUSA
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BUSA in Reading, MA.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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