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    Property profile & analytics

    2447 Perkiomen Ave Reading, PA 19606-2059

    • Office buildings
    • 6,680 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimation
    $420,000
    Last Sale
    Jan 09, 2023
    $395,000
    Location Intelligence
    Property ID
    US73-1385674
    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

    • Richard I Hart Insurance Agency / Insurance Agency / Auto Insurance Agency
    • Berks County Insurance Group, Inc. / Insurance Agency
    • Seltzer Group Partners / Insurance Agency / Auto Insurance Agency

    Property Details for 2447 Perkiomen Ave

    Year built
    1940
    Construction
    FRAME
    Lot size
    0.33 lot acres
    Property size
    6,680 SF
    Property type
    Office buildings
    APN
    5316-08-87-9861
    APU
    531608879861

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $415,000

    • CAP approach

      CAP return
      Estimation
      6%
      $470,000
      6.5%
      $490,000
      7%
      $410,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $430,000
      Geo Method
      $420,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $500,000
      Retail
      $435,000
      Mixed-Use
      $520,000
      Hospitality
      $490,000
      Educational
      $510,000
      Residential Income
      $460,000
      Energy
      $400,000
      Income-Based Land
      $415,000
      Food Service
      $435,000

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.8882
    Latitude
    40.3281
    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
    $4,755
    $80,600
    $85,600
    $166,200
    -
    $80,600
    $85,600
    $166,200

    Comparable in this City

    • Value Estimation by Request
      2,640 SF

      Butter Ln

      OFFICE BUILDING • 2,640 SF
      Butter Ln, Reading, PA 19606
      View Details
    • Value Estimation
      $310,000
      1,554 SF

      2105 Howard Blvd

      OFFICE BUILDING • 1,554 SF
      2105 Howard Blvd, Reading, PA 19606-1827
      View Details
    • Value Estimation
      $315,000
      5,130 SF

      3351 Perkiomen Ave

      OFFICE BUILDING • 5,130 SF
      3351 Perkiomen Ave, Reading, PA 19606-2736
      View Details
    • Value Estimation
      $235,000
      5,432 SF

      3702 Perkiomen Ave

      OFFICE BUILDING • 5,432 SF
      3702 Perkiomen Ave, Reading, PA 19606-2715
      View Details
    • Value Estimation
      $545,000
      16,232 SF

      2901 Saint Lawrence Ave

      OFFICE BUILDING • 16,232 SF
      2901 Saint Lawrence Ave, Reading, PA 19606-2264
      View Details
    • Value Estimation
      $410,000
      4,440 SF

      St Lawrence Ave

      OFFICE BUILDING • 4,440 SF
      St Lawrence Ave, Reading, PA 19606
      View Details

    Similar Nearby for Sale

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      Restaurant, Tavern, and Residential Property

      Established restaurant, tavern, residential home, and workshop with revenue potential.
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      New Mobile Home in Reading

      New two-bedroom mobile home with modern appliances and builder warranty.
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    Similar Nearby for Lease

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      Exeter Medical Office Space

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      Prime Commercial Land for Lease

      0.5 acre commercial land available for ground lease.
      Perkiomen Ave, Reading, PA 19606
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      Renovated Shopping Center Retail Space

      Retail opportunities in a newly renovated shopping center with parking.
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      Land Available For Ground Lease

      0.5 acre commercial land with utilities and high traffic.
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    • $850 /Mo
      15,246 SF

      Storefront in Mount Penn, PA

      Retail space with high foot traffic, easy downtown access.
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    Reading, PA 19606-2059
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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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