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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Investment properties
299 Main St, North Reading, MA 01864-1370
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1565327
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1935
Total area
3,402 SF
Lot
0.51 ac (22,346 SF)
Zoning code
HB
APN
NREA M:012.0 B:0000 L:0128.0
UPID
US38-1565327
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
-
Mane Attraction Hair Salon Nail Salon
-
Power Performance Customs Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
$865k
Comparable Approach
Comparable
$932k
Blend (final)
Blend
$1.18M
Owner & transaction history
Intrepid Enterprises INC · 5 yrs held
Intrepid Enterprises INC
since 2020
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
HB · North Reading, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$960,000
+8.9%
Neighborhood: shopping center
$945,000
+7.2%
Retail stores
$915,000
+4.3%
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
Method
Estimation
Statistic approach
$1,460,000
ML approach
$1,380,000
CAP Approach
CAP Return
Estimation
6%
$935,000
6.5%
$865,000
7%
$800,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$880,000
Current use
AUTO REPAIR, GARAGE
$960,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$945,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$915,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$825,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±10% · vs last sale $1.23M (Oct 29 2020)
Last sale anchor
$1.23M
Oct 29 2020
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
$347 / 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
$12,429
Tax year 2024
Assessed value
$940,900
Assessed 2024
Previous assessed
$1,003,500
-6.2% YoY
Effective rate
1.32%
On assessed value
Assessed land
$374,400
Assessed improvement
$566,500
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1935
Heating
HOT WATER
Buildings
3
Stories
3
Rooms
9
Bathrooms
3
Total area
3,402 SF
Lot
0.51 ac (22,346 SF)
Zoning code
HB
APN
NREA M:012.0 B:0000 L:0128.0
UPID
US38-1565327
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$960,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$945,000
RETAIL STORES
Est. value
$915,000
OFFICE BUILDING
Est. value
$825,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1935
Heating
HOT WATER
Stories
3
Buildings
3
Rooms
9
Bathrooms
3
Lot
0.51 ac
Current owner
From public records · entity-resolved
Intrepid Enterprises INC
Entity
Mailing address
4 DEER RUN DR, NORTH READING, MA 01864-1700
Ownership since
2020
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
Oct 30, 2024
—
Intrepid Enterprises INC
—
Deed
related
$300,000 · Main Street Lending LLC
Jun 24, 2022
—
Intrepid Enterprises INC
—
Deed
related
$1,207,500 · Newburyport Five Cents Savings Bank
Oct 15, 2021
—
Remax Renaissance INC
—
Deed
related
$300,000 · Main Street Lending LLC
Oct 29, 2020
$1,225,000
Intrepid Enterprises INC
T Zanelli Realty LLC
Quit Claim Arm's Length For Ne States
$1,250,000 · Main Street Lending LLC
Mar 3, 2014
—
T Zanelli Realty LLC
—
Grant Deed
related
$264,000 · Granite St Economic Dev
Feb 28, 2014
$840,000
T Zanelli Realty LLC
Northeast Refrigeration
Quit Claim Deed
$420,000 · Reading 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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