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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Investment properties
1500 Perkiomen Ave Reading, PA 19602-2235
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-1873590
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1900
Construction
FRAME
Total area
8,300 SF
Lot
0.09 ac (3,920 SF)
APN
5316-31-38-3243
UPID
US73-1873590
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
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$457k
Blend (final)
Blend
$650k
Owner & transaction history
Jbin Realty LLC · 1 yrs held
Jbin Realty LLC
since 2025
Last sale
$650,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$835,000
+128.9%
Auto repair, garage
$780,000
+114.5%
Warehouse, storage
$530,000
+45.6%
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
$615,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$835,000
Change: +129% · Conversion: Easy
AUTO REPAIR, GARAGE
$780,000
Change: +115% · Conversion: Difficult
WAREHOUSE, STORAGE
$530,000
Change: +46% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$420,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (Mar 26 2025)
Last sale anchor
$650k
Mar 26 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
$2,385
Tax year 2024
Assessed value
$90,100
Assessed 2024
Previous assessed
$90,100
+0.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$27,900
Assessed improvement
$62,200
Land market value
$27,900
Improvement market value
$62,200
Total market value
$90,100
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
NONE
Stories
3
Total area
8,300 SF
Lot
0.09 ac (3,920 SF)
APN
5316-31-38-3243
UPID
US73-1873590
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
OFFICE BUILDING
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$780,000
WAREHOUSE, STORAGE
Est. value
$530,000
INDUSTRIAL (GENERAL)
Est. value
$420,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
Construction
FRAME
Heating
NONE
Stories
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
Jbin Realty LLC
Entity
Mailing address
1107 N 5TH ST, PERKASIE, PA 18944-1870
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2025
$650,000
Jbin Realty LLC
Curtis Denlinger
Deed
$422,500 · A&d Mortgage LLC
Aug 24, 2023
$465,000
Curtis Denlinger
Eli S Riehl
Deed
$262,750 · Harleysville Bank
Apr 8, 2021
$246,000
Eli S Riehl
Libra 51 LLC
Deed
$202,000 · Univest Bank & Trust Co
May 14, 2008
$172,500
Libra 51 LLC
Living Space LLC
Grant Deed
$135,000 · Fulton Bank
Aug 26, 2005
$140,000
Living Space LLC
Muller,thomas W
Grant Deed
$112,000 · Fulton Bank
Mar 14, 2003
$140,000
Mueller,thomas W
Shuman,alan W & Marina A
Grant Deed
$101,500 · Wachovia Bk/sc
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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