Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Office buildings
1220 Ctr Ave Reading, PA 19601-1458
Entity Owned
~
Est. High Equity
Property ID
US73-1565570
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
8,610 SF
Lot
0.35 ac (15,246 SF)
APN
5307-41-57-9043
UPID
US73-1565570
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
-
Reading Discount Pharmacy Pharmacy
-
Sotomayor Medical Practice Medical Clinic
-
Central Physical Therapy & Rehabilitation Physician
-
Yosry Aboseada Physician
-
Rowan Sandra K MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$575k
Blend (final)
Blend
$675k
Owner & transaction history
Bally LLC
Bally LLC
since 2025
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$810,000
+106.0%
Warehouse, storage
$565,000
+43.2%
Industrial (general)
$435,000
+10.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$810,000
Change: +106% · Conversion: Difficult
WAREHOUSE, STORAGE
$565,000
Change: +43% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$435,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$410,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $750k (Dec 30 2025)
Last sale anchor
$750k
Dec 30 2025
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
$78 / 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
$5,565
Tax year 2024
Assessed value
$210,200
Assessed 2024
Previous assessed
$210,200
+0.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$82,700
Assessed improvement
$127,500
Land market value
$82,700
Improvement market value
$127,500
Total market value
$210,200
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 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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Heating
NONE
Stories
2
Units
1
Total area
8,610 SF
Lot
0.35 ac (15,246 SF)
APN
5307-41-57-9043
UPID
US73-1565570
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
AUTO REPAIR, GARAGE
Est. value
$810,000
WAREHOUSE, STORAGE
Est. value
$565,000
INDUSTRIAL (GENERAL)
Est. value
$435,000
RETAIL STORES
Est. value
$410,000
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1900
Heating
NONE
Stories
2
Units
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Bally LLC
Entity
Mailing address
1220 CTR AVE, READING, PA 19601-1458
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2025
$750,000
Bally LLC
Asiul LLC
Deed
$1,082,000 · Leader Bank NA
Mar 17, 2023
—
Asiul LLC
—
Deed
related
$284,133 · M & T Bank
Apr 15, 2011
$350,000
Asiul LLC
Salen,mark
Grant Deed
—
—
—
Asiul LLC
—
Deed Of Trust
related
$470,300 · Wells Fargo Bank
—
—
Asiul LLC
—
Deed Of Trust
related
$408,861 · M&t Bk
—
—
Salen,mark
—
Deed Of Trust
related
$945,000 · National Penn Bk
—
—
Salen,mark
—
Deed Of Trust
related
$200,000 · National Penn Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1220 Ctr Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
