Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    216 Philadelphia Ave Boyertown, PA 19512-1110

    • Banks
    • 2,418 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    May 18, 2023
    $300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2686583
    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

    • Banks

    Property Details for 216 Philadelphia Ave

    Year built
    1950
    Lot size
    0.17 lot acres
    Property size
    2,418 SF
    Property type
    Banks
    APN
    5387-20-90-5545
    APU
    538720905545

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Boyertown
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.6349
    Latitude
    40.3313
    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
    $2,410
    $80,000
    $58,600
    $138,600
    -
    $80,000
    $58,600
    $138,600

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      206 Philadelphia Ave

      FINANCIAL BUILDING • 0.05 Acres
      206 Philadelphia Ave, Boyertown, PA 19512
      View Details
    • Value Estimation by Request
      6,435 SF

      742 Philadelphia Ave

      FINANCIAL BUILDING • 6,435 SF
      742 Philadelphia Ave, Boyertown, PA 19512-1315
      View Details
    • Value Estimation by Request
      0.10 Acres

      208 Philadelphia Ave

      FINANCIAL BUILDING • 0.10 Acres
      208 Philadelphia Ave, Boyertown, PA 19512
      View Details
    • Value Estimation by Request
      4,153 SF

      709 Philadelphia Ave

      FINANCIAL BUILDING • 4,153 SF
      709 Philadelphia Ave, Boyertown, PA 19512-2114
      View Details
    • Value Estimation by Request
      7,410 SF

      200 Philadelphia Ave

      FINANCIAL BUILDING • 7,410 SF
      200 Philadelphia Ave, Boyertown, PA 19512-1110
      View Details
    • Value Estimation by Request
      280 SF

      835 Philadelphia Ave

      FINANCIAL BUILDING • 280 SF
      835 Philadelphia Ave, Boyertown, PA 19512-1306
      View Details

    Similar Nearby for Sale

    • $795,000
      8,211 SF

      Boyertown Restaurant, Bar, and Home

      Full-service restaurant, bar, home, and vacant lot in Boyertown.
      1013 Reading Ave, Boyertown, PA 19512
      View Details
    • $1,000,000
      8,211 SF

      Boyertown Restaurant & Bar Sale

      Prime Berks County eatery, two buildings, huge potential.
      1013 Reading Ave, Boyertown, PA 19512
      View Details
    • $550,000
      8,304 SF

      Boyertown Mixed-Use Gem

      8,304 sq ft, Downtown Boyertown
      27 Reading Ave, Boyertown, PA 19512
      View Details
    • $1,500,000
      6,308 SF

      Boyertown B&B - Turnkey Opportunity

      Historic 9-Unit Inn with Carriage House
      11 Philadelphia Ave, Boyertown, PA 19512
      View Details
    • Contact for pricing
      25,792 SF

      Boyertown Office Building For Sale

      Prime Boyertown Office, Multi-Tenant Potential
      1 Philadelphia Ave, Boyertown, PA 19512
      View Details
    • $895,000
      11,700 SF

      Boyertown Industrial Property - 5.48 Acres

      Prime industrial property, multiple buildings, 11,700 sq ft.
      7928 Boyertown Pike, Boyertown, PA 19512
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      25,792 SF

      Boyertown Office Space For Lease

      Prime Boyertown office, 3,614 SF available.
      1 Philadelphia Ave, Boyertown, PA 19512
      View Details
    • New
      $1,500 /Mo
      90,605 SF

      Boyertown Office/Flex Space Available

      Over 6,000 SF of office/flex space for lease.
      329 E 2Nd St, Boyertown, PA 19512
      View Details
    • $2,900 /Mo
      75,359 SF

      BOYERTOWN Office Space For Lease

      Second-floor commercial space in a thriving community near Walmart.
      1090 Reading Ave Unit, Boyertown, PA 19512
      View Details
    • $35 SF/Yr
      90,000 SF

      Boyertown Office Space - 6,144 SF

      Prime Boyertown office suite, immediate occupancy.
      329 2Nd St, Boyertown, PA 19512
      View Details
    • $1,300 /Mo

      Boyertown Apartment for Rent

      Second floor, 3-bedroom, 1-bath apartment in excellent condition.
      647 N Reading Ave, Boyertown, PA 19512
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    216 Philadelphia Ave
    Boyertown, PA 19512-1110
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.