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    Property profile & analytics

    494 Main St Reading, MA 01867-3140

    • Investment properties
    • 3,613 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-1250458
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Chocolate Truffle / Chocolate Shop / Dessert Shop

    Property Details for 494 Main St

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.13 lot acres
    Property size
    3,613 SF
    Zone code
    BUSB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    READ M:017.0-0000-0036.0
    APU
    READM0170000000360

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1034
    Latitude
    42.5219
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2017
    $7,596
    $361,800
    $510,700
    $872,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $930,000
      3,033 SF

      941 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,033 SF
      941 Main St, Reading, MA 01867-1714
      View Details
    • Value Estimation by Request
      57,000 SF

      24 Gould St

      OFFICE/RESIDENTIAL (MIXED USE) • 57,000 SF
      24 Gould St, Reading, MA 01867-2927
      View Details
    • Value Estimation by Request
      3,810 SF

      36 Gould St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,810 SF
      36 Gould St, Reading, MA 01867-2964
      View Details
    • Value Estimation by Request
      3,042 SF

      1452 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,042 SF
      1452 Main St, Reading, MA 01867
      View Details
    • Value Estimation
      $820,000
      5,351 SF

      23-25 Lakeview Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,351 SF
      23-25 Lakeview Ave, Reading, MA 01867
      View Details
    • Value Estimation
      $230,000
      2,780 SF

      157 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,780 SF
      157 Main St, Reading, MA 01867-3926
      View Details

    Similar Nearby for Sale

    • $924,900

      Meticulously Maintained Two-Family Home

      Two-family home near downtown, commuter rail, and schools.
      856 Main St, Reading, MA 01867
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    • $810,000

      Antique Colonial Two-Family Home

      Classic two-family home near Memorial Park and Reading town center.
      52 Salem St, Reading, MA 01867
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    • $899,000
      2.00 Acres

      Buildable Lots in Desirable Reading

      Two buildable lots with approved plans near downtown Reading.
      246 Walnut St, Reading, MA 01867
      View Details
    • $149,900
      Pending

      Residential Land with Future Potential

      Land with future potential located in Reading, Massachusetts.
      Off Charles St, Reading, MA 01867
      View Details
    • $1,450,000
      4,568 SF

      Colonial Building Near Commuter Rail

      Charming colonial building with approved variance for medical or wellness.
      107 Woburn St, Reading, MA 01867
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    Similar Nearby for Lease

    • Contact for pricing

      Office Building in Reading

      Office building for rent, located off I-95 in Reading.
      55 Walkers Brook Dr, Reading, MA 01867
      View Details
    • $825 /Mo

      Downtown Office Suite For Rent

      Second floor office suite in downtown location. Ideal for professionals.
      34 Gould St, Reading, MA 01867
      View Details
    • $2,500 /Mo

      Reading Office Space For Rent

      Second floor office space with private offices and kitchenette.
      580 Main St, Reading, MA 01867
      View Details
    • $1,100 /Mo

      Office Space Near Tewksbury Center

      Modern office space with high visibility and convenient highway access.
      725 Main St, Tewksbury, MA 01867
      View Details
    • $5,500 /Mo

      Versatile Space in Reading Town

      Adaptable space in a vibrant downtown location, suitable for various businesses.
      11 Sanborn 1&2, Reading, MA 01867
      View Details
    • $2,800 /Mo

      Versatile Space in Reading Center

      2164+SqFt space in Reading's vibrant town center available for lease.
      11 Sanborn 1, Reading, MA 01867
      View Details

    Property Visit Statistics

    • Visits by month
      3.8k
    • Visitors by month
      2.6k
    • Avg Time on site
      14 min
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    494 Main St
    Reading, MA 01867-3140
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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