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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Manufacturing properties
101 Carroll St, Reading, PA 19611-1613
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-1954233
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1959
Total area
3,888 SF
Lot
0.88 ac (38,333 SF)
APN
5306-49-55-5461
UPID
US73-1954233
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
-
Bartlett Tree Experts Landscaping General Contractor
-
Interstate Moving Reading PA Moving Company
-
Pagoda City Brewhouse Taproom & Lounge Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$990k
Owner & transaction history
Carroll Street LLC · 3 yrs held
Carroll Street LLC
since 2023
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$645,000
+227.9%
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
$995,000
ML approach
$1,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$645,000
Change: +228% · Conversion: Difficult
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±10% · vs last sale $950k (May 1 2023)
Last sale anchor
$950k
May 1 2023
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
$255 / 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
$9,570
Tax year 2024
Assessed value
$361,500
Assessed 2024
Previous assessed
$361,500
+0.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$64,700
Assessed improvement
$296,800
Land market value
$64,700
Improvement market value
$296,800
Total market value
$361,500
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1959
Heating
NONE
Buildings
2
Stories
1
Total area
3,888 SF
Lot
0.88 ac (38,333 SF)
APN
5306-49-55-5461
UPID
US73-1954233
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
MEDICAL BUILDING
Est. value
$645,000
MEDICAL 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
1959
Heating
NONE
Stories
1
Buildings
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
Carroll Street LLC
Entity
Mailing address
100 CLEVELAND AVE, READING, PA 19605-2112
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2023
$950,000
Carroll Street LLC
Arc Adventure Recreation Center INC
Deed
$900,000 · Arc Adventure Recreation Center INC
Aug 1, 2019
$500,000
Arc INC
Amanda Warehousing LLC
Grant Deed
—
Sep 25, 2015
$149,900
Amanda Warehousing LLC
Devon Service LLC
Grant Deed
$150,000 · Robert Blum
May 28, 2015
$4,900
Devon Service LLC
Sheriff Of Berks County
Trustees Deed
related
—
—
—
Vanbennett Food Co INC
—
Deed Of Trust
related
$600,000 · Customers Bank
—
—
Van Benette Food Co INC
—
Deed Of Trust
related
$260,000 · Millenium Bank
—
—
Van Bennett Food Co INC
—
Deed Of Trust
related
$200,000 · Customers Bank
—
—
Amanda Warehousing LLC
—
Deed Of Trust
related
$640,000 · Orange Stones Co
—
—
Van Bennett Food Co INC
—
Deed Of Trust
related
$150,000 · Customers Bank
—
—
Vanbennett Food Co INC
—
Deed Of Trust
related
$784,000 · Customers 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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