246 Main St, North Reading, MA 01864 - Valuation report, cap rates, free data
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246 Main St, North Reading, MA 01864

Indicative value *
$0.4M - $0.5M
* This indicative valuation is based on sales of other properties in the area, where data is available (see interactive map in the Sales Transactions tab below). For more accurate valuation, please request
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C
Overall location
score
26
Value decline
risk score
65
Value growth
potential score
  • Business district area with 31% of people residing in the area and 69% commuting here for work
  • On a highway, highway score is 100 (out of 100)
  • High average salary of $80,000 per year
  • Gentrifying area
  • Within or close to a large city
  • Neighbors include: 7-Eleven
  • Access to public transit is average with transit score of 14 (out of 100)
  • Medium employee density of 2,953/sq.mi. in 0.3mi and low employee density of 506/sq.mi. in 3mi
  • Largest industires include Building Construction, Manufacturing, Restaurants and Bars
  • Average business growth
  • Area has average popularity with foot traffic score of 52 (out of 100)
  • A number of amenities within walking distance but not many, including restaurants China Cuisine Restaurant, The Ginger Gourmet, Starbucks, Captain Famous Pizza, Horseshoe Grille
  • Medium-sized business tenants in the area, including Ngp Management, Shea Concrete Products, Howse Corporation Inc, J. S. Tonelli Dmd & M. G. Webster Dds, Frommelt Equipment Company Inc., Royal Air Systems Inc, The Ranch Room, Salon 77 Group Inc, Dr. Johnathan R. White, DDS, Linnane Insurance Agency Inc., Ferrazzani Construction Co. Inc.
  • Low job growth in the area (within 3mi radius)
  • USA / Massachusetts / 01864 / 246 Main St, North Reading, MA 01864, USA Sign up for free property alerts
    Size
    Price
    $/SF
    Estimated
    cap rate
    Date
    Type
    5915
    71
    24.43
    03/01/18
    Office
    4216
    213
    4.42
    11/29/17
    Office
    12322
    38
    45.41
    11/15/17
    Office
    7000
    57
    31.0
    09/08/17
    Office
    7938
    88
    9.84
    05/22/17
    Office
    Estimated cap rates are calculated assuming current average market rents, market vacancy, and average costs for each property. Actual cap rates may differ substantially if the property had lower or higher rents than average for the market, or had a higher or lower than market vacancy, or costs
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    Foot traffic

    Population Density

    Income

    Business Density

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    Highways

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