Property profile

2280 Lancaster Pike Reading, PA 19607

OFF-MARKET
Auto shops
Property ID
US73-1021618
4,180 SF 1.28 ac lot Built 1988
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1988
Total area 4,180 SF
Lot 1.28 ac (55,757 SF)
APN 4395-05-28-1780
UPID US73-1021618

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
  • Roofing Company General Contractor
  • Car Dealership
  • (Bike/Boat/Book/etc) Store Auto Parts Store
  • Home Health Care Service
  • Auto Repair Shop

Location

2280 Lancaster Pike Reading, PA 19607-2456
Reading metro Census 11602 READING, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$585k
CAP Approach CAP
by Request
Comparable Approach Comparable
$523k
Blend (final) Blend
$585k

Owner & transaction history

since 2024
Last sale
$585,000
7 recorded transactions
2024
$10,000
2021
$585,000
2016
$415,000
2011
$375,000
2007
$309,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $695,000 +75.9%
Office building $420,000 +6.7%

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
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