Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,220,000
Motels
2031 Reading Rd Denver, PA 17517-9168
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US73-2939951
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1962
Construction
FRAME
Total area
22,828 SF
Lot
1.9 ac (82,764 SF)
Zoning code
C-1
APN
080-50026-1-0002
UPID
US73-2939951
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
by Request
CAP Approach
CAP
$2.70M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.22M
Owner & transaction history
Sp Hospitality INC · 19 yrs held
Sp Hospitality INC
since 2007
7 recorded transactions
Zoning & alternative use
C-1 · Denver, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Denver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denver 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,930,000
6.5%
$2,700,000
7%
$2,510,000
Blend value · Realmo final
$2.22M
Range $2.00M – $2.44M · ±10%
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
$97 / 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
$44,686
Tax year 2024
Assessed value
$1,794,000
Assessed 2024
Previous assessed
$1,794,000
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$237,500
Assessed improvement
$1,556,500
Land market value
$237,500
Improvement market value
$1,556,500
Total market value
$1,794,000
Applied tax rate
80.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1962
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
22,828 SF
Lot
1.9 ac (82,764 SF)
Zoning code
C-1
APN
080-50026-1-0002
UPID
US73-2939951
Jurisdiction
LANCASTER
Zoning & alternative use
C-1 · Denver, PAZoning C-1 · permitted uses
C-1 · Denver, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1962
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
Sp Hospitality INC
Entity
Mailing address
2031 N READING RD, DENVER, PA 17517-9168
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2020
—
S P Hospitality INC
—
Deed
related
$210,000 · Jonestown Bank & Trust Co
Feb 25, 2009
—
Sp Hospitality INC
—
Trustees Deed
related
$250,000 · Susquehanna Bank
Feb 15, 2007
$1,300,000
Sp Hospitality INC
Jai Jalaram Care LP
Deed
$1,700,000 · Communitybanks
Feb 15, 2007
—
Jai Jalaram Care
Jai Jalaram Care
Quit Claim Deed
—
Oct 13, 2005
$2,600,000
Jai Jalaram Care
244 Associates
Grant Deed
$2,740,000 · Community Bank NA
—
—
S P Hospitality INC
—
Deed Of Trust
related
$1,070,000 · Jonestown Bk&tr
—
—
Sp Hospitality INC
—
Deed Of Trust
related
$3,270,629 · Susquehanna Bank Pa
—
—
Sp Hospitality INC
—
Deed Of Trust
related
$110,000 · Susquehanna Bank Pa
—
—
Jai Jalaram Care
—
Deed Of Trust
related
$100,000 · Community Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2031 Reading Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
