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Property profile & analytics
OFF-MARKET
Auto shops
142 4th St Reading, PA 19602-1612
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-2603184
Property summary
AI-generated overview
This 3,840-square-foot manufacturing building at 142 South 4th Street in Reading, Pennsylvania, presents a unique investment opportunity. Built in 1930, this property sits on a 0.17-acre lot (APN 5306-26-79-1290) and is zoned R-3. The building features 18-foot ceilings, a 13' x 18' overhead door, and 220-volt electric service. A significant advantage is the large, fenced-in parking lot. The property includes two commercial air compressors and benefits from public water, sewer, and natural gas. Currently operating as a mechanics shop, this use is considered a non-conforming use within the R-3 zoning district. The asking price is $299,900, translating to $78.10 per square foot. This property offers substantial potential for various industrial uses. The building's robust infrastructure, including air compressor lines, makes it well-suited for a range of manufacturing or industrial applications. The convenient location in Reading, Pennsylvania, and the ample parking add to its appeal. Serious inquiries are encouraged.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1930
Total area
3,840 SF
Lot
0.17 ac (7,405 SF)
APN
5306-26-79-1290
UPID
US73-2603184
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Skyrise LLC · 1 yrs held
Skyrise LLC
since 2025
Last sale
$185,900
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$990
Tax year 2024
Assessed value
$37,400
Assessed 2024
Previous assessed
$37,400
+0.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$23,000
Assessed improvement
$14,400
Land market value
$23,000
Improvement market value
$14,400
Total market value
$37,400
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1930
Heating
NONE
Stories
1
Total area
3,840 SF
Lot
0.17 ac (7,405 SF)
APN
5306-26-79-1290
UPID
US73-2603184
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
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Skyrise LLC
Entity
Mailing address
500 OLD WYOMISSING RD, READING, PA 19611-1510
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2025
$275,500
Skyrise LLC
Matos Properties LLC
Deed
$192,500 · Iserve Residential Lending LLC
Apr 20, 2021
$185,900
Matos Properties LLC
William C Hemstreet
Deed
$148,000 · Fleetwood Bank
Sep 28, 2006
—
William C Hemstreet
Hemstreet,william C
Quit Claim Deed
related
—
Mar 8, 2001
—
Hemstreet,william C
Hemstreet,william C & Cathie A
Quit Claim Deed
related
—
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.
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