Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,265,000
Office buildings
87 Main St North Reading, MA 01864-2205
Entity Owned
~
Est. High Equity
Property ID
US38-0284888
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
4,080 SF
Lot
0.24 ac (10,454 SF)
Zoning code
HB
APN
NREA M:024.0 B:0000 L:0043.0
UPID
US38-0284888
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
-
The Additive Advantage Engineering Consultant
-
Sound Bytes Film Production Television Studio
-
Mail Across The Void Postal Service Courier Service
-
Global Comm Telecommunications Service Electrical Service
-
Morando Brands Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.27M
Owner & transaction history
Nadine Realty LLC
Nadine Realty LLC
since 2026
7 recorded transactions
Zoning & alternative use
HB · North Reading, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+16.1%
Neighborhood: shopping center
$1.1M
+14.3%
Retail stores
$1.1M
+11.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$990,000
Current use
AUTO REPAIR, GARAGE
$1,150,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,130,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$1,100,000
Change: +11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,055,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±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
$310 / 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
$16,560
Tax year 2024
Assessed value
$1,253,600
Assessed 2024
Previous assessed
$1,173,900
+6.8% YoY
Effective rate
1.32%
On assessed value
Assessed land
$468,100
Assessed improvement
$785,500
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
Heating
NONE
Buildings
2
Total area
4,080 SF
Lot
0.24 ac (10,454 SF)
Zoning code
HB
APN
NREA M:024.0 B:0000 L:0043.0
UPID
US38-0284888
Jurisdiction
NORTH READING
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
HB · North Reading, MA
Zoning HB · permitted uses
HB · 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
OFFICE BUILDING Current
Est. value
$990,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
0.24 ac
Current owner
From public records · entity-resolved
Nadine Realty LLC
Entity
Mailing address
2 BARR RD, PEABODY, MA 01960-4610
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2026
$1,380,000
Nadine Realty LLC
Ea Morando T
Deed
$1,035,000 · Salem Five Cents Savings Bank
Sep 9, 2015
—
Morando,e A Trust
Morando,edward S & Anne M
Quit Claim Deed
related
—
Oct 23, 2006
$850,000
Anne M Morando
Marfione,patricia Foley
Grant Deed
$618,750 · Greenpoint Mortgage Funding
Aug 5, 2003
—
Patricia Foley Marfione
—
Deed Of Trust
related
$495,000 · E Cambridge Savings Bank
Jan 10, 2000
—
Ronald Marfione
—
Deed Of Trust
related
$100,000 · E Cambridge Savings Bank
Oct 21, 1999
—
Ronald Marfione
—
Deed Of Trust
related
$445,000 · E Cambridge Savings Bank
Dec 23, 1998
—
Ronald Marfione
—
Deed Of Trust
related
$100,000 · E Cambridge Savings Bank
Nov 24, 1998
—
Ronald Marfione
—
Deed Of Trust
related
$100,000 · E Cambridge Savings Bank
Sep 17, 1998
—
Ronald Marfione
—
Deed Of Trust
related
$360,000 · E Cambridge Savings Bank
Dec 24, 1997
$175,000
Ronald Marfione
Pacific American Prop
Grant Deed
—
Jul 29, 1997
$75,000
Pacific American Prop
Bragel,william J
Grant Deed
—
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 87 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.
