Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office buildings
643 Main St Reading, MA 01867-3002
Entity Owned
20-yr Hold
Free & Clear
Property ID
US38-1056690
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Construction
STEEL FRAME
Total area
6,261 SF
Lot
0.15 ac (6,355 SF)
Zoning code
BUSB
APN
READ M:022.0-0000-0037.0
UPID
US38-1056690
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
-
Latham Latham & Lamond PC Law Firm
-
Latham Law Offices, LLC Law Firm
-
John Lamond Law LLC Consultant
-
Fuccillo Felice Team - William Raveis Real Estate Real Estate Agency
-
William Raveis Real Estate - Reading Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$482k
Blend (final)
Blend
$525k
Owner & transaction history
Chestertown LLC · 20 yrs held
Chestertown 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
$525k
Range $473k – $578k · ±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
$84 / 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
$12,973
Tax year 2024
Assessed value
$1,004,100
Assessed 2024
Previous assessed
$1,004,100
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$388,300
Assessed improvement
$615,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1920
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
1
Stories
2
Units
1
Bathrooms
4
Total area
6,261 SF
Lot
0.15 ac (6,355 SF)
Zoning code
BUSB
APN
READ M:022.0-0000-0037.0
UPID
US38-1056690
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
1920
Construction
STEEL FRAME
Heating
CENTRAL
Stories
2
Buildings
1
Units
1
Bathrooms
4
Lot
0.15 ac
Current owner
From public records · entity-resolved
Chestertown LLC
Entity
Free & Clear · 20 yrs held
Mailing address
643 MAIN ST, READING, MA 01867-3002
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2019
—
Aequanimitas LLC
—
Deed
related
$750,000 · Td Bank NA
Oct 7, 2013
—
Aequanimitas LLC
—
Deed Of Trust
related
$560,000 · Inst Savings Newburyport
Dec 5, 2005
$1
Chestertown LLC
Latham,kenneth C
Grant Deed
related
—
Jul 2, 2001
—
Man T Straw
—
Deed Of Trust
related
$303,935 · Zwi Kohorn
Mar 26, 1998
—
Main T Straw
—
Deed Of Trust
related
$55,000 · Zmc Trust Et Al 2nd
May 9, 1991
—
Man T Straw
—
Deed Of Trust
related
$86,743 · Minerva Man T
Jun 23, 1989
—
Straw Man Trust
—
Deed Of Trust
related
$150,000 · Zeger Corp Pension Trust
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.
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 643 Main 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.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
