Mixed-Use Building with
New
For Sale
$199,900
508 N 10TH STREET, Reading, PA 19604
A vacant three-bedroom apartment occupies the rear and upper floors above a street-level salon space.
Property Size1,690 SF
Days on Market5
Property Features for 508 N 10TH STREET
General Information
Standard status
Active
Size
1,690 SF
Property subtype
Duplex
Additional Details
Mixed-Use Components
retail, residential
Currently Operating
Yes
Building Details
Building Size
1,690 SF
Year Built
1910
Buildings
1
Stories
3
Tenancy
Single
Listing Agency:
United Real Estate Strive 212
Listed By:
Jazmin Cruz
(610) 372-0212
Source:
Tylermillerteam.kw
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 2:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Real Estate Strive 212
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-story mixed-use property combines a first-floor commercial area at the front with a vacant three-bedroom apartment extending across the rear of the first floor and the second and third floors. The commercial space is operating as a beauty salon, providing an existing business use alongside the residential component.
Built in 1910, the building offers a live-work configuration with distinct commercial and residential areas within the same property.
Built in 1910, the building offers a live-work configuration with distinct commercial and residential areas within the same property.
Key Highlights
- Vacant three‑bedroom apartment spans the rear first floor and the second and third floors
- Front commercial space on the first floor is operating as a beauty salon
- Built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,136
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,720
$342.7K
Cap Rate 7%
$244,800
$244.8K
Cap Rate 9%
$190,400
$190.4K
Market Conditions
NOI Build-Up for 1,690 SF
Gross rent
$25.6K $15.12/SF
− Vacancy
−$1.1K −$0.64/SF
EGI
$24.5K $14.48/SF
− OpEx
−$7.3K −$4.35/SF
NOI
$17.1K $10.14/SF
Area
Berks County, PA
Vacancy
4.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,720
Cap Rate 7%
$244,800
Cap Rate 9%
$190,400
Alternative Uses
Best Use
Retail
$244.8K
$214.2K – $285.6K
NOI $17,136 @ 7.0% cap · market cap 8.57%
Second Best
Mixed Use
$239.0K
$209.1K – $278.9K
NOI $16,731 @ 7.0% cap · market cap 8.37%
Theoretical Best
Office A
$277.4K
$242.8K – $323.7K
NOI $19,420 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,034
Businesses Nearby
Explore this area
Business Placement
Demographics for 19604, PA
29,347
Population
10,089
Households
2.9
Avg Household Size
29
Median Age
10%
College-Educated
70%
High-School Grad
2.5 sq mi
ZIP Area
11,739
Density / Sq Mi
$52,863
Median Household Income
$30,975
Median Earnings
$1,100
Median Rent
$110,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A vacant three-bedroom apartment occupies the rear and upper floors above a street-level salon space.
Where is this mixed-use property located?
The property is located at 508 N 10TH STREET Reading, PA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Vacant three‑bedroom apartment spans the rear first floor and the second and third floors; Front commercial space on the first floor is operating as a beauty salon; Built in 1910
