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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Investment properties
519 Main St Reading, MA 01867-3134
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US38-1437085
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1870
Total area
2,805 SF
Lot
0.13 ac (5,763 SF)
Zoning code
BUSB
APN
READ M:017.0-0000-0160.0
UPID
US38-1437085
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
-
Reading Quick Stop Grocery & Convenience Store Food Market
-
Byte Federal Bitcoin ATM (Reading Quick Stop) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$633k
Blend (final)
Blend
$500k
Owner & transaction history
Imran N Alvi · 22 yrs held
Imran N Alvi
since 2004
5 recorded transactions
Zoning & alternative use
BUSB · Reading, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$790,000
+8.9%
Neighborhood: shopping center
$775,000
+7.2%
Retail stores
$755,000
+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 Reading submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$725,000
Current use
AUTO REPAIR, GARAGE
$790,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$775,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$755,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$615,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$500k
Range $450k – $550k · ±10%
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
$178 / 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 2017Property tax & assessments
Tax year 2017
Tax billed
$8,516
Tax year 2017
Assessed value
$708,700
Assessed 2024
Previous assessed
$708,700
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$381,800
Assessed improvement
$326,900
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
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
1870
Heating
FORCED AIR
Buildings
1
Stories
2
Units
1
Bathrooms
3
Total area
2,805 SF
Lot
0.13 ac (5,763 SF)
Zoning code
BUSB
APN
READ M:017.0-0000-0160.0
UPID
US38-1437085
Jurisdiction
READING
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BUSB · Reading, MA
Zoning BUSB · permitted uses
BUSB · Reading, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Reading. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$725,000
AUTO REPAIR, GARAGE
Est. value
$790,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$775,000
RETAIL STORES
Est. value
$755,000
OFFICE BUILDING
Est. value
$615,000
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
1870
Heating
FORCED AIR
Stories
2
Buildings
1
Units
1
Bathrooms
3
Lot
0.13 ac
Current owner
From public records · entity-resolved
Imran N Alvi
Individual
Mailing address
519 MAIN ST, READING, MA 01867-3134
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2004
$375,000
Imran N Alvi
Lee,tae Hee
Grant Deed
$437,500 · Savings Bank
Apr 1, 1999
$235,000
Tae Hee Lee
Suh,hai Sue
Grant Deed
$164,500 · Ft Mortgage Companies
Feb 6, 1995
$174,000
Hai Sue Suh
Mt RT
Grant Deed
$155,700 · Leader Mortgage Co
May 24, 1989
—
519 Main St Trust
—
Deed Of Trust
related
$91,000 · Woburn National Bank
Apr 14, 1987
—
Fivenineteen Mainst Tr
—
Deed Of Trust
related
$80,000 · Zwi Kohorn
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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