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Property profile & analytics
OFF-MARKET
Estimated value
$8,365,000
Outlet malls
2104 Van Reed Rd Reading, PA 19609-1163
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-2416424
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2004
Total area
67,053 SF
Lot
13.52 ac (588,931 SF)
APN
4387-15-73-3013
UPID
US73-2416424
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
Current use
Occupant on record · Public records
-
Taipei Chinese Kitchen Take-out & Catering Restaurant
-
Hisshosushi Take-out & Catering
-
GIANT Pharmacy Pharmacy
-
Starbucks Cafe & Coffee Shop
-
Coinstar Kiosk | Bitcoin ATM Shopping Center & Mall (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.46M
Comparable Approach
Comparable
$6.56M
Blend (final)
Blend
$8.37M
Owner & transaction history
7 Sc Spring Meadow LLC · 6 yrs held
7 Sc Spring Meadow LLC
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.1M
+182.0%
Restaurant
$8.9M
+126.6%
Office building
$6.7M
+71.1%
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 Reading submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reading 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%
$11,330,000
6.5%
$10,460,000
7%
$9,715,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$11,110,000
Change: +182% · Conversion: Difficult
RESTAURANT
$8,925,000
Change: +127% · Conversion: Easy
OFFICE BUILDING
$6,740,000
Change: +71% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,315,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$8.37M
Range $7.53M – $9.20M · ±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
$125 / 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
$157,991
Tax year 2024
Assessed value
$11,830,100
Assessed 2024
Previous assessed
$11,830,100
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$3,121,900
Assessed improvement
$8,708,200
Land market value
$3,121,900
Improvement market value
$8,708,200
Total market value
$11,830,100
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2004
Heating
NONE
Cooling
WALL UNIT
Buildings
3
Stories
2
Total area
67,053 SF
Lot
13.52 ac (588,931 SF)
APN
4387-15-73-3013
UPID
US73-2416424
Jurisdiction
BERKS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$11.1M
RESTAURANT
Est. value
$8.9M
OFFICE BUILDING
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$6.3M
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Lot
13.52 ac
Current owner
From public records · entity-resolved
7 Sc Spring Meadow LLC
Entity
Mailing address
44 S BAYLES AVE STE #210, PORT WASHINGTON, NY 11050-3765
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2019
$20,300,000
7 Sc Spring Meadow LLC
Pr Spring Meadow LP
Deed
$97,000 · Wells Fargo Bank NA
Oct 29, 2012
$18,000
Pr Spring Meadow LP
Cedar-spring Meadow LP
Grant Deed
—
Nov 1, 2004
—
Wyomissing Center LLC
—
Trustees Deed
related
$13,400,000 · Citigroup Global Markets Realt
Nov 17, 2003
$3,100,000
Wyomissing Center LLC
Arp Berk Acquisitions LLC
Grant Deed
$13,660,000 · Fulton Bk
Sep 28, 2000
$2,250,600
Arp Berk Acquisitions LLC
Community Realty Investments
Grant Deed
—
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.
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