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    Property profile & analytics

    1134 Penn Ave Reading, PA 19610-2034

    • Investment properties
    • 4,102 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    $295,000
    Location Intelligence
    Property ID
    US73-2561455
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kate Ferrarello / Physician Assistant
    • Robert Rudolph / Dermatologist
    • Dermatology Partners - Wyomissing / Skin Care Clinic / Doctor
    • Daniel Shurman / Dermatologist
    • Dr. Wayne Marley / Dermatologist

    Property Details for 1134 Penn Ave

    Year built
    1910
    Construction
    FRAME
    Lot size
    0.21 lot acres
    Property size
    4,102 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    4396-08-89-1492
    APU
    439608891492

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $250,000
      6.5%
      $245,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $275,000
      Geo Method
      $260,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $315,000
      Retail
      $275,000
      Mixed-Use
      $245,000
      Hospitality
      $340,000
      Educational
      $315,000
      Residential Income
      $300,000
      Energy
      $275,000
      Income-Based Land
      $275,000
      Food Service
      $250,000

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9626
    Latitude
    40.3337
    CBSA code
    39740
    CBSA name
    READING, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,404
    $111,200
    $63,700
    $174,900
    -
    $111,200
    $63,700
    $174,900

    Comparable in this City

    • Value Estimation by Request
      3,536 SF

      Tulpehocken Rd

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    • Value Estimation
      $280,000
      3,578 SF

      955 Penn Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,578 SF
      955 Penn Ave, Wyomissing, PA 19610-3034
      View Details
    • Value Estimation
      $225,000
      4,649 SF

      1408 Penn Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,649 SF
      1408 Penn Ave, Wyomissing, PA 19610-2134
      View Details
    • Value Estimation
      $310,000
      4,136 SF

      1118 Penn Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,136 SF
      1118 Penn Ave, Wyomissing, PA 19610-2034
      View Details
    • Value Estimation
      $280,000
      1,716 SF

      2000 State Hl Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,716 SF
      2000 State Hl Rd, Wyomissing, PA 19610-1608
      View Details
    • Value Estimation by Request
      2,552 SF

      1 Woodland Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,552 SF
      1 Woodland Rd, Reading, PA 19610-1933
      View Details

    Similar Nearby for Sale

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      Profitable Restaurant Business Opportunity

      Established Chinese restaurant for sale in Wyomissing, PA.
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    Similar Nearby for Lease

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      Improved Land For Lease

      1.20 acre commercial land with redevelopment opportunity.
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      View Details
    • $15 SF/Yr
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      Modern Office Space Available

      Prime office space with modern design and flexible floor plans.
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      View Details
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    1134 Penn Ave
    Reading, PA 19610-2034
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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