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    Property profile & analytics

    1940 13th St Reading, PA 19604-1537

    • Banks
    • 40,258 SF
    • 1.42 lot acres
    OFF-MARKET
    Value Estimation
    $715,000
    Location Intelligence
    Property ID
    US73-2097610
    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

    • Wells Fargo Bank / Bank / Atm
    • Roessner Hall - Albright College / College / Business School
    • Baker Joel Do / Orthopedic Surgeon
    • Dr. Lawrence A. Brzozowski, MD / Neurologist
    • Neurological Medicine Ltd / Neurologist / Medical Clinic

    Property Details for 1940 13th St

    Year built
    1990
    Lot size
    1.42 lot acres
    Property size
    40,258 SF
    Property type
    Banks
    APN
    5318-78-21-0056
    APU
    531878210056

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $690,000

    • CAP approach

      CAP return
      Estimation
      6%
      $825,000
      6.5%
      $835,000
      7%
      $880,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $970,000
      Geo Method
      $730,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $930,000
      Retail
      $1,010,000
      Mixed-Use
      $1,030,000
      Hospitality
      $960,000
      Educational
      $805,000
      Residential Income
      $925,000
      Energy
      $765,000
      Income-Based Land
      $1,010,000
      Food Service
      $890,000

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.912
    Latitude
    40.3647
    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
    $17,642
    $21,600
    $644,800
    $666,400
    -
    $21,600
    $644,800
    $666,400

    Comparable in this City

    • Value Estimation
      $435,000
      40,258 SF

      1940 13th St

      FINANCIAL BUILDING • 40,258 SF
      1940 13th St, Reading, PA 19604-1537
      View Details
    • Value Estimation
      $635,000
      5,820 SF

      1210 Rockland St

      FINANCIAL BUILDING • 5,820 SF
      1210 Rockland St, Reading, PA 19604-1522
      View Details
    • Value Estimation
      $270,000
      10,251 SF

      936 9th St

      FINANCIAL BUILDING • 10,251 SF
      936 9th St, Reading, PA 19604
      View Details
    • Value Estimation by Request
      0.19 Acres

      832 13th St

      CONVENIENCE STORE • 0.19 Acres
      832 13th St, Reading, PA 19604
      View Details
    • Value Estimation by Request
      4,773 SF

      832 8th St

      RETAIL STORES (PERSONAL SERVICES) • 4,773 SF
      832 8th St, Reading, PA 19604-2415
      View Details
    • Value Estimation
      $80,000
      3,554 SF

      961 10th St

      RETAIL STORES (PERSONAL SERVICES) • 3,554 SF
      961 10th St, Reading, PA 19604-2353
      View Details

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    Similar Nearby for Lease

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    Reading, PA 19604-1537
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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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