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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Retail space
2591 Ctr Ave Reading, PA 19605-2849
Entity Owned
3-yr Hold
Free & Clear
Property ID
US73-5959847
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Construction
FRAME
Total area
28,696 SF
Lot
5.17 ac (225,205 SF)
APN
5308-15-63-4295
UPID
US73-5959847
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
-
ABC Supply Co., Inc. Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.72M
Owner & transaction history
Monomoy Properties Muhlenberg Pa Ll · 3 yrs held
Monomoy Properties Muhlenberg Pa Ll
since 2022
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.7M
+60.3%
Commercial (general)
$1.9M
+12.3%
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
$1,835,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,685,000
Current use
AUTO REPAIR, GARAGE
$2,700,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,895,000
Change: +12% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,450,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±10% · vs last sale $1.93M (Sep 12 2022)
Last sale anchor
$1.93M
Sep 12 2022
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
$60 / 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
$10,680
Tax year 2024
Assessed value
$760,400
Assessed 2024
Previous assessed
$760,400
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$369,900
Assessed improvement
$390,500
Land market value
$369,900
Improvement market value
$390,500
Total market value
$760,400
Applied tax rate
66.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1968
Construction
FRAME
Heating
NONE
Stories
1
Total area
28,696 SF
Lot
5.17 ac (225,205 SF)
APN
5308-15-63-4295
UPID
US73-5959847
Jurisdiction
BERKS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (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
Year built
1968
Construction
FRAME
Heating
NONE
Stories
1
Lot
5.17 ac
Current owner
From public records · entity-resolved
Monomoy Properties Muhlenberg Pa Ll
Entity
Free & Clear · 3 yrs held
Mailing address
10100 SANTA MONICA BLVD, LOS ANGELES, CA 90067-4003
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2024
—
Monomoy Properties Muhlenberg Pa Ll
—
Deed
related
$10,550,000 · Symetra Life Insurance Company An Iow
Sep 12, 2022
$1,925,000
Monomoy Properties Muhlenberg Pa Ll
William M Gardner
Special Warranty Deed
—
Apr 17, 2017
$1,679,430
William M Gardner
Hendricks Commercial Prop LLC
Grant Deed
$1,200,000 · Alliant Cu
May 3, 2006
$1,000,000
Hendricks Commercial Properties LLC
Fayne G Hartman
Deed
—
May 3, 2006
—
Hendricks Commercial Props LLC
Hartman,john W
Grant Deed
related
—
Jun 17, 2004
—
Fayne G Hartman
Hartman,john W
Quit Claim Deed
related
—
—
—
Hendricks Commercial Propertie
—
Deed Of Trust
related
$1,000,000 · M & I Marshall & Isley Bank
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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