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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Manufacturing properties
9 Pierce St, Reading, MA 01867-2636
Individually Owned
1-yr Hold
Free & Clear
Property ID
US38-1351945
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1994
Construction
FRAME
Total area
1,968 SF
Lot
0.27 ac (11,578 SF)
Zoning code
S15
APN
READ M:022.0-0000-0317.0
UPID
US38-1351945
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
-
Furniture Restoration Renovation Specialist Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$500k
Blend (final)
Blend
$600k
Owner & transaction history
Jose A Amador · 1 yrs held
Jose A Amador
since 2024
Last sale
$600,000
4 recorded transactions
Zoning & alternative use
S15 · Reading, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$555,000
+83.4%
Neighborhood: shopping center
$545,000
+80.5%
Retail stores
$530,000
+75.6%
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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$555,000
Change: +83% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$545,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$530,000
Change: +76% · Conversion: Moderate
COMMERCIAL (GENERAL)
$510,000
Change: +68% · Conversion: Difficult
OFFICE BUILDING
$430,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Jul 31 2024)
Last sale anchor
$600k
Jul 31 2024
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
$305 / 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
$6,479
Tax year 2024
Assessed value
$501,500
Assessed 2024
Previous assessed
$501,500
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$336,200
Assessed improvement
$165,300
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
Year built
1994
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
1
Rooms
2
Bathrooms
2
Total area
1,968 SF
Lot
0.27 ac (11,578 SF)
Zoning code
S15
APN
READ M:022.0-0000-0317.0
UPID
US38-1351945
Jurisdiction
READING
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
S15 · Reading, MA
Zoning S15 · permitted uses
S15 · Reading, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Reading. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$555,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$545,000
RETAIL STORES
Est. value
$530,000
COMMERCIAL (GENERAL)
Est. value
$510,000
OFFICE BUILDING
Est. value
$430,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
Year built
1994
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
1
Rooms
2
Bathrooms
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Jose A Amador
Individual
Free & Clear · 1 yrs held
Mailing address
9 PIERCE ST, READING, MA 01867-2636
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Sep 30, 2024
—
Jose A Amador
—
Deed
related
$313,000 · United Wholesale Mortgage
Jul 31, 2024
—
Jose A Amador
Jose A Amador
Quit Claim Deed
related
—
Sep 25, 2023
$600,000
Jose A Amador
Stephen M Trites
Quit Claim Arm's Length For Ne States
$260,000 · Real Estate Property Services LLC
Mar 27, 2007
$1
Stephen M Trites
Trites,erline M
Grant Deed
related
—
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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