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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Auto shops
286 Park St, North Reading, MA 01864-2729
Individually Owned
27-yr Hold
~
Est. High Equity
Property ID
US38-0472595
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Total area
13,388 SF
Lot
2.8 ac (121,968 SF)
Zoning code
RA
APN
NREA M:036.0 B:0000 L:0051.0
UPID
US38-0472595
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
-
M G Hall Contracting Construction Company General Contractor
-
Advanced Touch Massage Alternative Medicine Practice Spa & Massage Center
-
Dent Craft Auto Repair Shop
-
Debra Keating Electrolysis Hair Salon
-
NuImage Entertainment Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$630k
Owner & transaction history
Garage Elston · 27 yrs held
Garage Elston
since 1999
6 recorded transactions
Zoning & alternative use
RA · 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
$47 / 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
$20,408
Tax year 2024
Assessed value
$1,544,900
Assessed 2024
Previous assessed
$1,472,700
+4.9% YoY
Effective rate
1.32%
On assessed value
Assessed land
$419,700
Assessed improvement
$1,125,200
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Heating
NONE
Buildings
3
Total area
13,388 SF
Lot
2.8 ac (121,968 SF)
Zoning code
RA
APN
NREA M:036.0 B:0000 L:0051.0
UPID
US38-0472595
Jurisdiction
NORTH READING
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
RA · North Reading, MA
Zoning RA · permitted uses
RA · 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
3
Lot
2.8 ac
Current owner
From public records · entity-resolved
Garage Elston
Individual
Mailing address
286 PARK ST, NORTH READING, MA 01864-2729
Ownership since
1999
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
Apr 27, 2011
—
Garage Elston
—
Deed Of Trust
related
$200,000 · Reading Cp Bank
Apr 5, 2011
—
Garage Elston
—
Deed Of Trust
related
$750,000 · Reading Cp Bank
Apr 30, 2004
—
Garage Elston
—
Deed Of Trust
related
$1,385,000 · Saugus Cp Bank
Sep 22, 2003
—
Garage Elston
—
Deed Of Trust
related
$700,000 · Saugus Cp Bank
Mar 6, 2002
—
RT Welding
—
Deed Of Trust
related
$550,000 · Saugus Cp Bank
Mar 24, 1999
$500,000
Garage Elston
Elston,joseph F
Grant Deed
related
$375,000 · Saugus Cp Bank
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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