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Property profile & analytics
OFF-MARKET
Estimated value
$10,460,000
Hotels
1741 Papermill Rd, Wyomissing, PA 19610-1207
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-2336991
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1973
Total area
149,037 SF
Lot
9.97 ac (434,293 SF)
APN
4397-15-64-4566
UPID
US73-2336991
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
$9.39M
CAP Approach
CAP
$13.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.46M
Owner & transaction history
Lw Reading III LLC · 5 yrs held
Lw Reading III LLC
since 2021
Last sale
$10.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.4M
+106.8%
Restaurant
$10.8M
+67.2%
Commercial (general)
$10.8M
+66.1%
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 Wyomissing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wyomissing 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
$11,050,000
ML approach
$9,390,000
CAP Approach
CAP Return
Estimation
6%
$15,045,000
6.5%
$13,885,000
7%
$12,895,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,475,000
Current use
AUTO REPAIR, GARAGE
$13,385,000
Change: +107% · Conversion: Difficult
RESTAURANT
$10,825,000
Change: +67% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,750,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$8,660,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$7,700,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$7,035,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$10.46M
Range $9.41M – $11.51M · ±10% · vs last sale $10.70M (May 27 2021)
Last sale anchor
$10.70M
May 27 2021
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
$70 / 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
$76,477
Tax year 2024
Assessed value
$5,564,000
Assessed 2024
Previous assessed
$5,564,000
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$3,498,500
Assessed improvement
$2,065,500
Land market value
$3,498,500
Improvement market value
$2,065,500
Total market value
$5,564,000
Applied tax rate
96.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1973
Heating
NONE
Buildings
2
Stories
2
Units
256
Total area
149,037 SF
Lot
9.97 ac (434,293 SF)
APN
4397-15-64-4566
UPID
US73-2336991
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
HOTEL/MOTEL Current
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$13.4M
RESTAURANT
Est. value
$10.8M
COMMERCIAL (GENERAL)
Est. value
$10.8M
OFFICE BUILDING
Est. value
$8.7M
MEDICAL BUILDING
Est. value
$7.7M
RETAIL STORES
Est. value
$7.0M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
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
1973
Heating
NONE
Stories
2
Buildings
2
Units
256
Lot
9.97 ac
Current owner
From public records · entity-resolved
Lw Reading III LLC
Entity
Mailing address
70 SE 4TH AVE, DELRAY BEACH, FL 33483-4514
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2025
—
Posh Properties No 36
—
Deed
related
$150,000 · American Bank
Jan 2, 2025
—
Lw Reading III LLC
—
Deed
related
$15,518,760 · Construction Loan Services LLC
Jan 10, 2023
—
Lw Reading III LLC
—
Deed
related
$21,328,173 · Construction Loan Services II LLC
Oct 14, 2021
—
Lw Reading III LLC
—
Deed
related
$15,800,586 · Construction Loan Services LLC
May 27, 2021
$10,700,000
Lw Reading III LLC
Berkshire Inn LP
Special Warranty Deed
$162,200,000 · Blue Torch Finance LLC
Jul 9, 2020
—
Berkshire Inn LP
—
Deed
related
$8,000,000 · Manufacturers & Traders Tr
Aug 13, 2014
$1,150,000
Posh Properties No 36
Berkshire Inn LP
Grant Deed
$1,120,000 · American Bk
—
—
Cornett Hospitality LLC
—
Deed Of Trust
related
$1,400,000 · Citibank NA
—
—
Berkshire Inn LP
—
Deed Of Trust
related
—
—
—
Berkshire Inn LP
—
Loan Modification
related
$8,000,000 · Manufacturers & Traders Tr
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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