Property profile

58 Concord St North Reading, MA 01864

OFF-MARKET
Office buildings
Property ID
US38-0399740
9,360 SF 1.42 ac lot Built 1968
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 9,600 square foot, two-story office building is available for lease at 58 Concord Street in North Reading, MA. Built in 1968 and renovated in 2000, this single-tenant property sits on 1.42 acres of land and offers ample parking with approximately 38 spaces. The building features a functional layout including seven offices, a conference room, kitchen, two restrooms, and file storage on the first floor. The second floor boasts 19 private offices, two additional restrooms, and another conference room. A total of four restrooms are available across both floors, along with a convenient shower and break room with kitchenette. Note that there is no elevator in this building. An attractive feature is a separate, fenced-in 15,000+ square foot contractor yard area, available for lease at an additional cost. This property is ideally situated approximately one mile from the Concord Street exit on Route 93, providing easy access to Route 93. The building is zoned for industrial office use and is projected to be available for occupancy around July/August 2024. This presents a unique opportunity for a business seeking a substantial, well-maintained office space with convenient amenities and ample parking.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1968
Total area 9,360 SF
Lot 1.42 ac (61,855 SF)
Zoning code IB
APN NREA M:019.0 B:0000 L:0014.0
UPID US38-0399740

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Psychotherapist
  • Physician
  • Psychotherapist Doctor
  • Medical Billing Service
  • Counselor

Location

58 Concord St North Reading, MA 01864-2602
North Reading metro Census 330202 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.33M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.72M
Blend (final) Blend
$2.32M

Owner & transaction history

since 2025
Last sale
$2.7M
1 recorded transaction
2025
$2.7M

Zoning & alternative use

IB · North Reading, MA
Top alternative use upside
Restaurant $2.7M +19.8%
Auto repair, garage $2.6M +16.1%
Neighborhood: shopping center $2.6M +14.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 58 Concord St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message