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Property profile & analytics
FOR LEASE
Industrial properties
66 Concord St, North Reading, MA 01864
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US38-0796525
For Lease
1 / 13
$1,835,000
66 Concord St, North Reading, MA 01864
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
9,106 SF
Lot
0.92 ac (40,119 SF)
Zoning code
IB
APN
NREA M:019.0 B:0000 L:0007.0
UPID
US38-0796525
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
-
Team Boston Academy Gym & Fitness Center Sports Field & Court
-
Pearl Die-Cutting & Finishing Building Supply Metal Fabrication Plant
-
Electrolytic Ozone Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.49M
Comparable Approach
Comparable
$2.07M
Blend (final)
Blend
$1.84M
Owner & transaction history
66 Concord LLC · 13 yrs held
66 Concord LLC
since 2012
6 recorded transactions
Zoning & alternative use
IB · North Reading, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+89.1%
Auto repair, garage
$2.6M
+83.4%
Neighborhood: shopping center
$2.5M
+80.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,615,000
6.5%
$1,490,000
7%
$1,385,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,400,000
Current use
RESTAURANT
$2,645,000
Change: +89% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,565,000
Change: +83% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,525,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$2,455,000
Change: +76% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,355,000
Change: +68% · Conversion: Difficult
OFFICE BUILDING
$2,205,000
Change: +58% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,100,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$1.84M
Range $1.65M – $2.02M · ±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
$202 / 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
$24,919
Tax year 2024
Assessed value
$1,886,400
Assessed 2024
Previous assessed
$1,781,000
+5.9% YoY
Effective rate
1.32%
On assessed value
Assessed land
$474,600
Assessed improvement
$1,411,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Heating
NONE
Buildings
2
Total area
9,106 SF
Lot
0.92 ac (40,119 SF)
Zoning code
IB
APN
NREA M:019.0 B:0000 L:0007.0
UPID
US38-0796525
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
RETAIL STORES
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
Heating
NONE
Buildings
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
66 Concord LLC
Entity
Mailing address
66 CONCORD ST, NORTH READING, MA 01864-2602
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2012
$1,300,000
66 Concord LLC
Hb RT
Grant Deed
$1,040,000 · Bank Of America
Sep 12, 2008
$1
50 Concord Street LLC
66 Concord Street INC
Grant Deed
—
May 1, 2002
—
Herb RT
—
Deed Of Trust
related
$307,713 · Citizens Bank Of Ma
May 13, 1997
$375,000
Herb RT
Akiva RT
Grant Deed
$100,000 · Us Trust Middlesex
Sep 29, 1989
$1,300,000
Akiva RT
Jameson RT
Grant Deed
$680,000 · Us Trust Co
—
—
66 Concord LLC
—
Loan Modification
related
$1,240,000 · Bank Of America
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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