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Property profile & analytics
OFF-MARKET
Estimated value
$4,630,000
Warehouses
215th E Bellevue Ave, Reading, PA 19605-1729
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-3935144
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2013
Total area
41,375 SF
Lot
4.69 ac (204,296 SF)
APN
5308-07-69-9016
UPID
US73-3935144
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
$4.51M
Comparable Approach
Comparable
$3.10M
Blend (final)
Blend
$4.63M
Owner & transaction history
Spannuth Realty Group LLC · 6 yrs held
Spannuth Realty Group LLC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.9M
+6.0%
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%
$4,885,000
6.5%
$4,510,000
7%
$4,190,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,465,000
Current use
MEDICAL BUILDING
$6,855,000
Change: +6% · Conversion: Difficult
RESTAURANT
$5,510,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$4.63M
Range $4.17M – $5.09M · ±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
$112 / 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
$31,304
Tax year 2024
Assessed value
$2,228,800
Assessed 2024
Previous assessed
$3,157,800
-29.4% YoY
Effective rate
1.40%
On assessed value
Assessed land
$509,800
Assessed improvement
$1,719,000
Land market value
$509,800
Improvement market value
$1,719,000
Total market value
$2,228,800
Applied tax rate
66.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2013
Heating
NONE
Buildings
2
Stories
2
Total area
41,375 SF
Lot
4.69 ac (204,296 SF)
APN
5308-07-69-9016
UPID
US73-3935144
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
WAREHOUSE, STORAGE Current
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$6.9M
RESTAURANT
Est. value
$5.5M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RESTAURANT
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
2013
Heating
NONE
Stories
2
Buildings
2
Lot
4.69 ac
Current owner
From public records · entity-resolved
Spannuth Realty Group LLC
Entity
Mailing address
215 E BELLEVUE AVE, READING, PA 19605-1729
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2019
—
Spannuth Realty Group LLC
—
Grant Deed
related
$1,800,000 · Customers Bk
Oct 12, 2012
—
Spannuth Realty Group LLC
—
Deed Of Trust
related
$8,465,000 · Customers Bank
—
—
Spannuth Realty Group LLC
—
Deed Of Trust
related
$1,135,000 · Customers Bank
—
—
Spannuth Realty Group LLC
—
Deed Of Trust
related
$400,000 · Customers Bank
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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