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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Warehouses
1102 Nicolls St Reading, PA 19604-2280
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-0557901
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Total area
5,616 SF
Lot
1.39 ac (60,548 SF)
APN
5307-44-96-7358
UPID
US73-0557901
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
-
Carlito's Way Auto Sound & Security Electronics & Wireless Store
-
Robles Auto Sales & Notary Vehicle Inspection Center
-
Eddie's Garage LLC Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$440k
Blend (final)
Blend
$530k
Owner & transaction history
Eddies Garage LLC · 2 yrs held
Eddies Garage LLC
since 2024
Last sale
$530,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$750,000
+108.3%
Office building
$565,000
+57.3%
Auto repair, garage
$530,000
+47.4%
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
$530,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
$665,000
6.5%
$610,000
7%
$570,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$360,000
Current use
RESTAURANT
$750,000
Change: +108% · Conversion: Difficult
OFFICE BUILDING
$565,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$530,000
Change: +47% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $530k (Apr 18 2024)
Last sale anchor
$530k
Apr 18 2024
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
$94 / 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
$2,534
Tax year 2024
Assessed value
$95,700
Assessed 2024
Previous assessed
$95,700
+0.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$36,700
Assessed improvement
$59,000
Land market value
$36,700
Improvement market value
$59,000
Total market value
$95,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1950
Heating
NONE
Stories
1
Total area
5,616 SF
Lot
1.39 ac (60,548 SF)
APN
5307-44-96-7358
UPID
US73-0557901
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
WAREHOUSE, STORAGE Current
Est. value
$360,000
RESTAURANT
Est. value
$750,000
OFFICE BUILDING
Est. value
$565,000
AUTO REPAIR, GARAGE
Est. value
$530,000
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1950
Heating
NONE
Stories
1
Lot
1.39 ac
Current owner
From public records · entity-resolved
Eddies Garage LLC
Entity
Mailing address
1102 NICOLLS ST, READING, PA 19604-2280
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2024
$530,000
Eddies Garage LLC
Sevenoak Properties LLC
Deed
$424,000 · Community First Fund
Jan 10, 2008
$285,000
Sevenoak Properties LLC
Formando,frank
Grant Deed
$213,750 · Leesport Bank
May 22, 2007
$99,275
Frank Formando
Equity One
Grant Deed
—
May 23, 2005
$2,100
Popular Financial Services
Sheriff Of Berks County
Trustees Deed
related
—
Jun 1, 2001
$200,000
Krause,charlene R Etal
Walter,george J & Fern M
Grant Deed
$150,000 · Popular Fin'l Svcs
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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