Property profile

1816 Ctr Ave Reading, PA 19605

OFF-MARKET
Manufacturing properties
Property ID
US73-1279109
10,920 SF 0.49 ac lot Built 1986
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1986
Total area 10,920 SF
Lot 0.49 ac (21,344 SF)
APN 5308-19-60-2219
UPID US73-1279109

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1816 Ctr Ave Reading, PA 19605
Reading metro Census 300 READING, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$980k
Comparable Approach Comparable
$917k
Blend (final) Blend
$430k

Owner & transaction history

since 2017
1 recorded transaction
2017
$1.6M

Zoning & alternative use

Top alternative use upside
Office building $1.1M +98.9%
Auto repair, garage $1.0M +86.4%
Commercial (general) $720,000 +30.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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