Technical
Financial
Distress signals
Property profile

1041 Washington St Reading, PA 19601

OFF-MARKET
Office buildings
Property ID
US73-0072199
8,268 SF 0.17 ac lot Built 1910
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1910
Total area 8,268 SF
Lot 0.17 ac (7,405 SF)
APN 5317-77-00-9983
UPID US73-0072199

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership

Location

1041 Washington St Reading, PA 19601-3746
Reading metro Census 1900 READING, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$630k
CAP Approach CAP
by Request
Comparable Approach Comparable
$552k
Blend (final) Blend
$810k

Owner & transaction history

since 2022
Last sale
$550,000
2 recorded transactions
2022
$550,000
2006
$155,000

Zoning & alternative use

Top alternative use upside
Auto repair, garage $780,000 +106.0%
Warehouse, storage $540,000 +43.2%
Industrial (general) $420,000 +10.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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