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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Auto shops
103 Lancaster Ave Reading, PA 19611-1622
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US73-1565589
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1962
Total area
22,000 SF
Lot
0.41 ac (17,860 SF)
APN
5306-49-65-1714
UPID
US73-1565589
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
-
NewCo Brands (Bike/Boat/Book/etc) Store
-
Gipprich Jewelers Inc (Bike/Boat/Book/etc) Store
-
InHome Oxygen & Medical Equipment Medical Supply Store Oxygen Equipment Supplier
-
One Point CD & F Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$940k
Owner & transaction history
R & A Medical Holdings LLC · 15 yrs held
R & A Medical Holdings LLC
since 2011
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10%
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
$43 / 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
$11,511
Tax year 2024
Assessed value
$434,800
Assessed 2024
Previous assessed
$434,800
+0.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$169,600
Assessed improvement
$265,200
Land market value
$169,600
Improvement market value
$265,200
Total market value
$434,800
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1962
Heating
NONE
Stories
1
Total area
22,000 SF
Lot
0.41 ac (17,860 SF)
APN
5306-49-65-1714
UPID
US73-1565589
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
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
R & A Medical Holdings LLC
Entity
Mailing address
103 LANCASTER AVE, READING, PA 19611-1622
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2025
—
R & A Medical Holdings LLC
—
Deed
related
$300,000 · Customers Bank
Jan 31, 2020
—
R & A Medical Holdings LLC
—
Deed
related
$200,000 · Customers Bank
Apr 4, 2011
$565,000
R & A Medical Holdings LLC
Kmv Properties
Grant Deed
$500,000 · Berkshire Bank
—
—
K M V Properties
—
Deed Of Trust
related
$25,000 · First Priority Bank
—
—
Kmv Properties
—
Deed Of Trust
related
$50,000 · Susquehanna Patriot Bank
—
—
Kmv Properties
—
Deed Of Trust
related
$212,000 · Patriot Bk/s Tipton
—
—
Kmv Properties
—
Deed Of Trust
related
$25,000 · Patriot Bk/s Tipton
—
—
Kmv Properties
—
Deed Of Trust
related
$160,103 · Susquehanna 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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