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Property profile & analytics
FOR SALE
Conventional restaurants
104 North 4Th St Reading, PA 19601
Entity Owned
7-yr Hold
Property ID
US73-1035650
For Sale
1 / 6
$420,000
104 North 4Th St, Reading, PA 19601
View Listing →
Property summary
AI-generated overview
Situated in a vibrant area of Reading, this property benefits from local foot traffic and easy accessibility, ensuring your business stays connected to the community. This property represents a rare opportunity to own a multifunctional space that serves both professional and personal needs. With a fully equipped restaurant on the first floor and substantial residential capacity above, 104 N 4th Street is ready for its next chapter. County: BERKS MLS Area: Reading City (10201) High School: READING SENIOR (BERKS PA) Transportation: Bus Stop less than 1 mile HighSchoolSource: Listing Agent School District Name: READING SchoolDistrictSource: Listing Agent School District County ID: 300200397169
Property profile
Verified
Property type
Conventional restaurants
Year built
1900
Total area
2,968 SF
UPID
US73-1035650
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
-
Melly's carribean Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
High Rise Holdings LLC · 7 yrs held
High Rise Holdings LLC
since 2019
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
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
Conventional restaurants
Status
For Sale
Year built
1900
Total area
2,968 SF
UPID
US73-1035650
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
1900
Current owner
From public records · entity-resolved
High Rise Holdings LLC
Entity
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2022
—
High Rise Holdings LLC
—
Deed
related
$127,500 · Rcn Capital LLC
Sep 5, 2019
—
High Rise Holding LLC
—
Deed
related
$80,000 · Riverfront FCU
May 8, 2019
$34,018
High Rise Holdings LLC
Weinstock,shlome J
Grant Deed
—
Sep 24, 2018
$24,000
Sholme J Weinstock
Tax Claim Bureau Of Berks Co|cardoso,frezy A
Deed
related
—
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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