Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    117 Marina Ln Reading, PA 19605-9441
    Back to Search
    Property profile & analytics

    117 Marina Ln, Reading, PA 19605-9441

    View on Map
    • Specialty properties
    • 2,240 SF
    • 0.33 lot acres
    Off-Market
    Property ID
    US73-0059879
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 117 Marina Ln

    Year built
    1970
    Lot size
    0.33 lot acres
    Property type
    Specialty properties
    APN
    4399-03-42-4010
    APU
    439903424010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 5, 2007 $103,000 Dung Phan Walch,allen E & Quynh N Grant Deed —
    Dec 2, 2005 $103,000 Allen E Walch Reading Water Skiers INC Grant Deed —
    — — Dung Phan — Deed Of Trust · related $240k · Luat Pham

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9745
    Latitude
    40.3959
    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
    $826
    $29,200
    $34,800
    $64,000
    -
    $29,200
    $34,800
    $64,000

    Comparable in this City

    • Value Estimation by Request
      132,851 SF

      3240 5Th Street Hwy

      Lifestyle centers
      3240 5Th Street Hwy, Reading, PA 19605
      View Details
    • Value Estimation by Request
      4.17 Acres

      3500 Willow Grv Ave

      CHARITABLE ORGANIZATION
      3500 Willow Grv Ave, Reading, PA 19605-1653
      View Details
    • Value Estimation by Request
      1.03 Acres

      Boeing Ave

      CHARITABLE ORGANIZATION
      Boeing Ave, Reading, PA 19605
      View Details
    • Value Estimation by Request
      0.17 Acres

      606 Bruckman Ave

      CHARITABLE ORGANIZATION
      606 Bruckman Ave, Reading, PA 19605-3008
      View Details
    • Value Estimation by Request
      8,287 SF

      600 Bruckman Ave

      CHARITABLE ORGANIZATION
      600 Bruckman Ave, Reading, PA 19605-3008
      View Details
    • Value Estimation by Request
      5,888 SF

      3503 Montclair Ave

      CHARITABLE ORGANIZATION
      3503 Montclair Ave, Laureldale, PA 19605
      View Details

    Similar Nearby for Sale

    • $74,900
      1,500 SF

      Commercial Property on Pottsville Pike

      Commercial property for sale on Pottsville Pike, Reading, PA.
      3201 Pottsville Pike, Reading, PA 19605
      View Details
    • $5,950,000

      Manufacturing Building Near Major Highways

      Manufacturing building on 3.49 acres with M-C zoning.
      615 Hiesters Ln, Reading, PA 19605
      View Details
    • $5,950,000

      Manufacturing Building Near Major Highways

      171,181 SF manufacturing building with easy highway access.
      615 Hiesters Ln, Reading, PA 19605
      View Details
    • Contact for pricing
      20,000 SF

      Versatile Flex Space For Sale

      20,000 SF flex space suitable for various uses.
      500 George St, Reading, PA 19605
      View Details
    • $944,900
      0.21 Acres

      Detached 7-Unit Investment Property

      Well-maintained 7-unit property in Muhlenberg Township with strong cash flow.
      145 Spring Valley Rd, Muhlenberg Township, PA 19605
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Property for Rent

      Commercial property available for rent at 200 Corporate Drive.
      200 Corporate Dr, Reading, PA 19605
      View Details
    • Contact for pricing

      Reading Airport Industrial Building Available

      Industrial building with airport access, divisible, and strong workforce.
      1062 Macarthur Rd, Reading, PA 19605
      View Details
    • Contact for pricing

      Muhlenberg Township Industrial Spaces Available

      Two industrial spaces for rent with direct access to Route 61.
      4201 Pottsville Pike, Reading, PA 19605
      View Details
    • Contact for pricing

      Affordable Office Space Available

      Office space for rent in Berks County, Pennsylvania.
      4641 Pottsville Pike, Reading, PA 19605
      View Details
    • $4 SF/Yr

      Industrial Warehouse Space For Lease

      4,200 SF industrial warehouse space available for lease.
      1501 Frush Valley Rd, Reading, PA 19605
      View Details
    • Contact for pricing
      48,000 SF

      Reading Warehouse Space Available

      Up to 48,000 SF available in Reading, Pennsylvania.
      700 Corporate Dr, Reading, PA 19605
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    117 Marina Ln
    Reading, PA 19605-9441
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    117 Marina Ln, Reading, PA, 19605
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!