$850,000 1,453 SF

400 Main St, Reading, MA 01867
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The property is a mixed-use building combining a condo-style two-bedroom residence with a ground-floor commercial space, along with a fenced outdoor yard area for private use. The residence includes a kitchen with access to the living room, a bathroom, and a primary bedroom connected to the bathroom, plus a deck overlooking the fenced backyard; the upper level features an open-concept kitchen with a four-seat peninsula and a desk cubby, and includes closets throughout. The commercial portion is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?

$5k

Tax billed · 2024

Assessed value$397k

Assessed land$140k

Assessed improvement$257k

Effective rate1.29%

Value estimate

· Nov 2026

$270k

$243k – $297k

AI approach$270k

NOI build-up

Gross scheduled income$61k

Vacancy & credit loss−$3k

Operating expenses−$26k

NOI · 3.75% cap applied$32k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?

$219/SF

County average, outlier-cleaned · 858 recorded sales of this use type

Observed band · Q1–Q3$122 – $352

Qualifying comparables5

Cap rate analysis

How does the asset earn?

3.75%

$32k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

BUSB

JurisdictionREADING

Location intelligence

Which uses thrive at this corner?

Best fit: Parking Facility

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Parking Facility10.2

Smoke and Vape Shop10.1

Garden Center9.2

400 Main St Reading, MA 01867

County assessor Recorded deeds · 17 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 13 properties nearby

Address Sale price Sold Size

274 Main St, Reading, MA 01867-3669 $4,050,000 Jan 2024 No data

95 Main, Reading, MA 01867-3972 $249,000 Jun 2021 6,464 SF

22 Woburn, Reading, MA 01867-3026 $1,400,000 Mar 2021 7,664 SF

328 Main, Reading, MA 01867-3618 $600,000 Sep 2019 4,132 SF

55 Walkers Brk, Reading, MA 01867-3272 $32,250,000 Dec 2018 146,088 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$275,000

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191 Main St

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$370,000

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324 Main St

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324 Main St, Reading, MA 01867-3618

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$270,000

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175 Hvn St

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Value Estimation
$425,000

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346 Main St

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346 Main St, Reading, MA 01867

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Value Estimation
$410,000

3,166 SF

129 Franklin St

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129 Franklin St, Reading, MA 01867

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Value Estimation
$480,000

3,570 SF

32 Lincoln St

OFFICE BUILDING

32 Lincoln St, Reading, MA 01867-3143

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