Property profile

209 Lancaster Ave Reading, PA 19611

OFF-MARKET
Retail space
Property ID
US73-0098546
6,594 SF 0.55 ac lot Built 2012
Entity Owned 1-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2012
Total area 6,594 SF
Lot 0.55 ac (23,958 SF)
APN 5306-49-65-0347
UPID US73-0098546

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

209 Lancaster Ave Reading, PA 19611-1627
Reading metro Census 2600 READING, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$850k
CAP Approach CAP
$1.03M
Comparable Approach Comparable
$645k
Blend (final) Blend
$850k

Owner & transaction history

since 2024
Last sale
$850,000
5 recorded transactions
2024
Price N/A
2024
$850,000
2018
Price N/A
2011
$1.1M
2006
$630,000

Zoning & alternative use

Top alternative use upside
Medical building $1.1M +182.0%
Restaurant $880,000 +126.6%
Office building $665,000 +71.1%

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
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 209 Lancaster Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message