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Property profile & analytics
OFF-MARKET
Retail space
62 Concord St, North Reading, MA 01864-2602
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US38-0862442
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Total area
1,600 SF
Lot
1.85 ac (80,586 SF)
Zoning code
IB
APN
NREA M:019.0 B:0000 L:0011.0
UPID
US38-0862442
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
-
Wilmington Masonry & Hardscape Supply Co. Big Box & Wholesale Store Building Supply
-
Techo-Bloc General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Grain Wilmington · 22 yrs held
Grain Wilmington
since 2004
4 recorded transactions
Zoning & alternative use
IB · North 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 North Reading submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,938
Tax year 2024
Assessed value
$676,600
Assessed 2024
Previous assessed
$618,700
+9.4% YoY
Effective rate
1.32%
On assessed value
Assessed land
$489,600
Assessed improvement
$187,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1974
Heating
SPACE
Buildings
2
Stories
1
Total area
1,600 SF
Lot
1.85 ac (80,586 SF)
Zoning code
IB
APN
NREA M:019.0 B:0000 L:0011.0
UPID
US38-0862442
Jurisdiction
NORTH READING
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
IB · North Reading, MA
Zoning IB · permitted uses
IB · North Reading, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Reading. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Heating
SPACE
Stories
1
Buildings
2
Lot
1.85 ac
Current owner
From public records · entity-resolved
Grain Wilmington
Individual
Mailing address
PO BOX 411, WILMINGTON, MA 01887-0411
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2004
$500,000
Grain Wilmington
Doucette,edward J
Grant Deed
$400,000 · North Shore Bank
Feb 3, 1995
$200,000
Edward J Doucette
Cm White Iron Works
Grant Deed
—
Apr 2, 1992
—
2 White Iron Works C
—
Deed Of Trust
related
$50,000 · Ed H Doucette Et Ux
Nov 22, 1991
—
M White Iron Works C
—
Deed Of Trust
related
$100,000 · Edward Doucette Et Al
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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