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    Property profile & analytics

    1405 Penn Ave Wyomissing, PA 19610-2154

    • Retail space
    • 5,040 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimation
    $255,000
    Location Intelligence
    Property ID
    US73-5800486
    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

    • Western Berks Physical Therapy / Physical Therapy Clinic / Physical Therapist
    • Western Berks Physical Therapy - Dr. Kevin W. Krause / Physical Therapy Clinic
    • Dosie Dough / Coffee Shop / Bagel Shop
    • Strive Physical Therapy / Physical Therapist

    Property Details for 1405 Penn Ave

    Year built
    1950
    Lot size
    0.28 lot acres
    Property size
    5,040 SF
    Property type
    Retail space
    APN
    4396-07-68-2529
    APU
    439607682529

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $275,000
      6.5%
      $285,000
      7%
      $270,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $240,000
      Geo Method
      $245,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $310,000
      Retail
      $295,000
      Mixed-Use
      $260,000
      Hospitality
      $280,000
      Educational
      $240,000
      Residential Income
      $235,000
      Energy
      $245,000
      Income-Based Land
      $310,000
      Food Service
      $315,000

    Location Insight

    • Map
    • Local Demand
    City
    Wyomissing
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9695
    Latitude
    40.3316
    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
    $2,548
    $100,100
    $85,300
    $185,400
    -
    $100,100
    $85,300
    $185,400

    Comparable in this City

    • Value Estimation by Request
      1,520 SF

      Old Ml Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,520 SF
      Old Ml Rd, Reading, PA 19610
      View Details
    • Value Estimation
      $850,000
      5,648 SF

      902 Penn Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,648 SF
      902 Penn Ave, Wyomissing, PA 19610-3017
      View Details
    • Value Estimation
      $380,000
      10,268 SF

      1141 Penn Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,268 SF
      1141 Penn Ave, Reading, PA 19610-2020
      View Details
    • Value Estimation
      $1,305,000
      20,164 SF

      840 Park Rd

      RETAIL STORES (PERSONAL SERVICES) • 20,164 SF
      840 Park Rd, Wyomissing, PA 19610-1343
      View Details
    • Value Estimation by Request
      26,724 SF

      90 Commerce Dr

      RETAIL STORES (PERSONAL SERVICES) • 26,724 SF
      90 Commerce Dr, Reading, PA 19610-3313
      View Details
    • Value Estimation by Request
      3,034 SF

      105 Evans Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,034 SF
      105 Evans Ave, Reading, PA 19610-2323
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space in Wyomissing

      Retail space available for lease in a central location.
      90 Commerce Dr, Wyomissing, PA 19610
      View Details
    • $6,426,000
      22,940 SF

      Retail Property with Long-Term Lease

      Retail property featuring a long-term lease with rental increases.
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      Profitable Restaurant Business Opportunity

      Established Chinese restaurant for sale in Wyomissing, PA.
      900 Penn Ave, Reading, PA 19610
      View Details
    • $650,000
      1,600 SF

      Established Duck Donuts Franchise Opportunity

      Profitable Duck Donuts franchise for sale in Wyomissing, PA.
      86 Commerce Dr, Wyomissing, PA 19610
      View Details
    • $550,000
      2,500 SF

      Profitable Cafe and Catering Business

      Thriving cafe and catering business for sale in Reading, PA.
      84 Commerce Dr, Reading, PA 19610
      View Details
    • $550,000
      2,950 SF

      Wyomissing Restaurant - Turnkey Opportunity

      Established Chinese Restaurant, High Profits
      0 Penn Ave, Wyomissing, PA 19610
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,125 SF

      Retail Space in Growing Suburb

      Retail property with convenient access and great visibility available for rent.
      1100-1112 W Wyomissing Blvd, Reading, PA 19610
      View Details
    • $10 SF/Yr
      4,311 SF

      Retail Space with Fitted Kitchen

      4,311 SF retail space with high traffic exposure.
      1331 Penn Ave, Reading, PA 19610
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Wyomissing Center

      Retail space available in Reading’s premier shopping center.
      700 Woodland Rd, Wyomissing, PA 19610
      View Details
    • Contact for pricing
      141,726 SF

      Premier Retail Shopping Mall Space

      High-traffic retail space in a dynamic shopping mall environment.
      1665 State Hill Rd, Reading, PA 19610
      View Details
    • Contact for pricing
      2,360 SF

      Premier Shopping Center Retail Space

      Retail space available in Reading's premier shopping center.
      700-792 Woodland Rd, Wyomissing, PA 19610
      View Details
    • Contact for pricing
      797,205 SF

      Berkshire Mall Retail Space Available

      Prime Berks County Shopping Mall Space
      1665 State Hl Rd, Wyomissing, PA 19610
      View Details
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    1405 Penn Ave
    Wyomissing, PA 19610-2154
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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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