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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Manufacturing properties
75 Concord St, North Reading, MA 01864-2601
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US38-0534632
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Total area
12,096 SF
Lot
1.07 ac (46,609 SF)
Zoning code
IB
APN
NREA M:002.0 B:0000 L:0020.0
UPID
US38-0534632
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
-
MB Tractor and Equipment (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.98M
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.65M
Owner & transaction history
Garden Pride LLC · 13 yrs held
Garden Pride LLC
since 2013
7 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,145,000
6.5%
$1,980,000
7%
$1,840,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,855,000
Current use
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±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
$136 / 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
$18,400
Tax year 2024
Assessed value
$1,392,900
Assessed 2024
Previous assessed
$1,304,200
+6.8% YoY
Effective rate
1.32%
On assessed value
Assessed land
$512,700
Assessed improvement
$880,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Heating
NONE
Buildings
2
Total area
12,096 SF
Lot
1.07 ac (46,609 SF)
Zoning code
IB
APN
NREA M:002.0 B:0000 L:0020.0
UPID
US38-0534632
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
$1.9M
INDUSTRIAL (GENERAL) Current
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
1.07 ac
Current owner
From public records · entity-resolved
Garden Pride LLC
Entity
Mailing address
1 VAN DE GRAAFF DR, BURLINGTON, MA 01803-5188
Ownership since
2013
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
Sep 30, 2019
—
Garden Pride LLC
—
Deed
related
$1,200,000 · People's United Bk
Apr 2, 2018
—
Garden Pride LLC
—
Deed
related
$320,000 · Belmont Svgs Bk
Jun 11, 2013
—
Garden Pride LLC
Gapco LLC
Quit Claim Deed
related
$800,000 · Belmont Savings Bank
Dec 31, 2012
$900,000
Gapco LLC
John B Surrett T
Grant Deed
—
Oct 10, 2007
$1
Howard L Surrett T JR.
Surrett,howard L JR
Grant Deed
—
Feb 9, 2005
$1
B Surrett T John
Surrett,janet M
Grant Deed
—
—
—
Garden Pride LLC
—
Deed Of Trust
related
$1,200,000 · People's United Bk
—
—
Garden Pride LLC
—
Deed Of Trust
related
$320,000 · Belmont Svgs Bk
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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