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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Automotive properties
2526 Ctr Ave Reading, PA 19605-2845
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US73-0967293
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1980
Total area
4,500 SF
Lot
6.74 ac (293,594 SF)
APN
5308-15-52-8970
UPID
US73-0967293
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
Current use
Occupant on record · Public records
-
Landis Mechanical Group Home Appliance Store
-
Easton coach Association / Organization
-
Caliber Collision Auto Repair Shop
-
Sinister Automotive Care LLC Car Wash
-
Landis Mechanical Group, Inc. HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$673k
Blend (final)
Blend
$695k
Owner & transaction history
Landis Heckman LLC · 8 yrs held
Landis Heckman LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$745,000
+75.9%
Warehouse, storage
$705,000
+65.9%
Office building
$450,000
+6.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$425,000
Current use
MEDICAL BUILDING
$745,000
Change: +76% · Conversion: Difficult
WAREHOUSE, STORAGE
$705,000
Change: +66% · Conversion: Easy
OFFICE BUILDING
$450,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$154 / 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
$14,437
Tax year 2024
Assessed value
$1,027,900
Assessed 2024
Previous assessed
$1,027,900
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$561,700
Assessed improvement
$466,200
Land market value
$561,700
Improvement market value
$466,200
Total market value
$1,027,900
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1980
Heating
NONE
Buildings
4
Stories
1
Total area
4,500 SF
Lot
6.74 ac (293,594 SF)
APN
5308-15-52-8970
UPID
US73-0967293
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
AUTO REPAIR, GARAGE Current
Est. value
$425,000
MEDICAL BUILDING
Est. value
$745,000
WAREHOUSE, STORAGE
Est. value
$705,000
OFFICE BUILDING
Est. value
$450,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1980
Heating
NONE
Stories
1
Buildings
4
Lot
6.74 ac
Current owner
From public records · entity-resolved
Landis Heckman LLC
Entity
Mailing address
2526 CTR AVE, READING, PA 19605-2845
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2018
—
Landis Heckman LLC
—
Deed
related
$600,000 · M & T Bank
May 1, 2018
$11,550
Landis Heckman LLC
Nicholas Marriott
Deed
—
Dec 29, 2017
—
Nicholas Marriott
—
Deed
related
$100,000 · M & T Bank
Dec 28, 2017
$1,100,000
Landis Of Heckman LLC
Kommakle LP
Grant Deed
$1,151,689 · Landis/heckman LLC
Mar 11, 2003
$2,643,764
Saturn Of Reading INC
Bayliss Oldsmobile INC
Grant Deed
$3,800,000 · Sovereign Bk
—
—
Kommakle LP
—
Deed Of Trust
related
$3,600,000 · Customers Bank
—
—
Kommakle LP
—
Deed Of Trust
related
$300,000 · Customers Bank
—
—
Kommakle
—
Deed Of Trust
related
$750,000 · Fulton Bank
—
—
Kommakle LP
—
Deed Of Trust
related
$2,925,000 · Nova 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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