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Property profile & analytics
OFF-MARKET
Estimated value
$3,850,000
Retail space
612 Main St Reading, MA 01867-3009
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US38-1147966
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
STEEL FRAME
Total area
33,670 SF
Lot
0.73 ac (31,672 SF)
Zoning code
BUSB
APN
READ M:022.0-0000-0001.0
UPID
US38-1147966
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.27M
Blend (final)
Blend
$3.85M
Owner & transaction history
Haven Prop LLC · 21 yrs held
Haven Prop LLC
since 2005
7 recorded transactions
Zoning & alternative use
BUSB · Reading, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$3.85M
Range $3.47M – $4.24M · ±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
$114 / 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
$47,490
Tax year 2024
Assessed value
$3,675,700
Assessed 2024
Previous assessed
$3,675,700
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$666,000
Assessed improvement
$3,009,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
6
Bathrooms
7
Total area
33,670 SF
Lot
0.73 ac (31,672 SF)
Zoning code
BUSB
APN
READ M:022.0-0000-0001.0
UPID
US38-1147966
Jurisdiction
READING
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BUSB · Reading, MAZoning BUSB · permitted uses
BUSB · Reading, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
6
Bathrooms
7
Lot
0.73 ac
Current owner
From public records · entity-resolved
Haven Prop LLC
Entity
Mailing address
275 MISHAWUM RD, WOBURN, MA 01801-8805
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2021
—
Buncrana LLC
—
Deed
related
$3,300,000 · Enterprise Bank & Trust Co
Jul 1, 2019
—
Haven Properties LLC
—
Deed
related
$250,000 · Enterprise Bank & Trust Co
May 9, 2014
—
Haven Properties LLC
—
Deed Of Trust
related
$350,000 · Enterprise Bank & Trust
Nov 26, 2013
—
Haven Properties LLC
—
Deed Of Trust
related
$2,876,000 · Enterprise Bank & Trust
Aug 9, 2013
—
Haven Properties LLC
—
Deed Of Trust
related
$1,652,000 · Enterprise Bank & Trust
Oct 6, 2011
—
Haven Props LLC
—
Deed Of Trust
related
$160,000 · Enterprise Bank & Trust
Jun 16, 2005
$2,900,000
Haven Prop LLC
Millard Charles Bldg Corp
Grant Deed
$1,588,000 · Norma C Cripps
Jun 16, 2005
—
Haven Prop LLC
—
Grant Deed
related
$1,312,000 · Clm RT
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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