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    Property profile & analytics

    2299 Lancaster Pike Reading, PA 19607-2380

    • Motels
    • 68,790 SF
    • 3.35 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US73-0213232
    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

    • Best Western Plus Reading Inn & Suites / Hotel

    Property Details for 2299 Lancaster Pike

    Year built
    1987
    Lot size
    3.35 lot acres
    Property size
    68,790 SF
    Property type
    Motels
    APN
    4395-05-28-0273
    APU
    439505280273

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9853
    Latitude
    40.303
    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
    $34,008
    $598,300
    $1,539,200
    $2,137,500
    -
    $598,300
    $1,539,200
    $2,137,500

    Comparable in this City

    • Value Estimation by Request
      0.28 Acres

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      0.08 Acres

      111 Pearl St

      PARKING LOT • 0.08 Acres
      111 Pearl St, Reading, PA 19607-2737
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      0.45 Acres

      Mtn Vw Rd

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      4.26 Acres

      Pne Hl Rd

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      23,388 SF

      651 Philadelphia Ave

      OFFICE BUILDING • 23,388 SF
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    • Value Estimation by Request
      1,000 SF

      1829 New Holland Rd

      OFFICE BUILDING • 1,000 SF
      1829 New Holland Rd, Shillington, PA 19607-2229
      View Details

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    Similar Nearby for Lease

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      Grocery Anchored Shopping Center Space

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      Versatile Medical/Professional Office Space

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      Shillington Office Space For Lease

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    Property Visit Statistics

    • Visits by month
      5.7k
    • Visitors by month
      2.6k
    • Avg Time on site
      530 min
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    2299 Lancaster Pike
    Reading, PA 19607-2380
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    Realmo Value Estimation

    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.

    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.

    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
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