Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    124 4th St Reading, PA 19601-3902
    Back to Search
    Property profile & analytics

    124 4th St, Reading, PA 19601-3902

    View on Map
    • Bars & Pubs
    • 20,351 SF
    • 0.16 lot acres
    Off-Market
    Property ID
    US73-1979738
    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
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bars & Pubs

    Property Details for 124 4th St

    Year built
    1900
    Lot size
    0.16 lot acres
    Property type
    Bars & Pubs
    Property subtype
    Pubs
    APN
    5307-82-71-1056
    APU
    530782711056

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 20, 2013 $1,000 Redevopment Authority Of Reading Opportunity House Grant Deed —
    Sep 9, 2003 $220,890 Opportunity House 124 North Fourth Street Corp Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $510,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $509,000
      Market price range: $510k - $1.38M

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

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9303
    Latitude
    40.3377
    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
    $0.00
    $24,600
    $175,300
    $199,900
    -
    $24,600
    $175,300
    $199,900

    Comparable in this City

    • Value Estimation by Request
      528 SF

      550 3rd St

      BAR, TAVERN
      550 3rd St, Reading, PA 19601-2815
      View Details
    • Value Estimation by Request
      11,288 SF

      948 6th St

      BAR, TAVERN
      948 6th St, Reading, PA 19601-1805
      View Details
    • Value Estimation by Request
      8,435 SF

      400 Woodward St

      BAR, TAVERN
      400 Woodward St, Reading, PA 19601-2809
      View Details
    • Value Estimation by Request
      6,420 SF

      338 6th St

      BAR, TAVERN
      338 6th St, Reading, PA 19601-3008
      View Details
    • Value Estimation by Request
      3,632 SF

      55 10th St

      BAR, TAVERN
      55 10th St, Reading, PA 19601-3725
      View Details
    • Value Estimation by Request
      2,676 SF

      1010 Walnut St

      BAR, TAVERN
      1010 Walnut St, Reading, PA 19601-3717
      View Details

    Similar Nearby for Sale

    • $450,000

      Restaurant with Apartments For Sale

      Turn-key restaurant with apartments and liquor license for sale.
      19-21 South 5Th St, Reading, PA 19601
      View Details
    • New
      $420,000
      2,968 SF

      Restaurant with Residential Upper Level

      First-floor fully equipped restaurant with residential capacity above, suited for mixed-use ownership and an owner-operator setup.
      104 North 4Th St, Reading, PA 19601
      View Details
    • Contact for pricing
      9,500 SF

      Auto Repair Shop with Warehouse

      Auto repair shop with warehouse space at signalized intersection.
      349 Buttonwood St, Reading, PA 19601
      View Details
    • $650,000
      0.05 Acres

      Mixed-Use Property with Expansion Potential

      Well-maintained mixed-use property with commercial storefront and residential units.
      226 N 10Th St, Reading, PA 19601
      View Details
    • Contact for pricing

      Downtown Reading Commercial Redevelopment Opportunity

      40,000 SF building in Reading's Central Business District.
      511 Penn St, Reading, PA 19601
      View Details
    • $239,000
      5,502 SF

      Spacious Mixed-Use Building in Reading

      5,502 sq ft building with apartments and storefront.
      127 North 5Th Street Hwy, Reading, PA 19601
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,073 SF

      Renovated Office Building with Parking

      Office building with heated parking garage, renovated in 2020.
      147 N 5Th St, Reading, PA 19601
      View Details
    • $695 /Mo
      3,049 SF

      Prime Commercial Space in Reading

      Commercial property in downtown Reading, ideal for offices or retail.
      3 N 5Th St, Reading, PA 19601
      View Details
    • Contact for pricing

      Downtown Reading Office Space Available

      Office suites for rent in downtown Reading near Berks County Courts.
      606 Court St, Reading, PA 19601
      View Details
    • Contact for pricing

      Downtown Reading Medical Office Space

      Professional medical office space available for rent in downtown Reading.
      131 N 5Th St, Reading, PA 19601
      View Details
    • $2,500 /Mo
      3,049 SF

      Downtown Reading Office Suite

      Well-located office suite in historic downtown Reading building.
      11 N 5Th St, Reading, PA 19601
      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.
    124 4th St
    Reading, PA 19601-3902
    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
    124 4th St, Reading, PA, 19601
    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!