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    Property profile & analytics

    2 Morgan Dr Sinking Spring, PA 19608-1753

    • Retail space
    • 15,525 SF
    • 5.27 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 09, 2022
    Location Intelligence
    Property ID
    US73-2381176
    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

    • Retail space

    Property Details for 2 Morgan Dr

    Year built
    1988
    Lot size
    5.27 lot acres
    Property size
    15,525 SF
    Property type
    Retail space
    APN
    4386-20-91-1695
    APU
    438620911695

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sinking Spring
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9953
    Latitude
    40.3128
    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
    $16,724
    $143,300
    $1,109,000
    $1,252,300
    -
    $143,300
    $1,109,000
    $1,252,300

    Comparable in this City

    • Value Estimation by Request
      1,068 SF

      497 Rebers Brg Rd

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      View Details
    • Value Estimation
      $390,000
      5,064 SF

      1487 Old Lancaster Pike

      RETAIL STORES (PERSONAL SERVICES) • 5,064 SF
      1487 Old Lancaster Pike, Sinking Spring, PA 19608-9213
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    • Value Estimation
      $545,000
      9,600 SF

      4301 Penn Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,600 SF
      4301 Penn Ave, Reading, PA 19608-1370
      View Details
    • Value Estimation
      $410,000
      3,000 SF

      160 Grn Vly Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      160 Grn Vly Rd, Sinking Spring, PA 19608-9703
      View Details
    • Value Estimation
      $280,000
      1,416 SF

      22 Krick Ln

      RETAIL STORES (PERSONAL SERVICES) • 1,416 SF
      22 Krick Ln, Sinking Spring, PA 19608
      View Details
    • Value Estimation by Request
      10,156 SF

      4600 Penn Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,156 SF
      4600 Penn Ave, Sinking Spring, PA 19608-9678
      View Details

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    Similar Nearby for Lease

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      Retail Space in Sinking Spring

      Retail space available in a modern neighborhood shopping center.
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      Retail space available in a modern neighborhood shopping center.
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    • $2,495 /Mo
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      Modern Office Space For Lease

      Modern office space with suburban feel and convenient commute.
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    2 Morgan Dr
    Sinking Spring, PA 19608-1753
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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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