Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,030,000
Turn key restaurants
2800 Reading Rd Adamstown, PA 19501
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-2079077
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1987
Construction
FRAME
Total area
92,121 SF
Lot
16.79 ac (731,372 SF)
APN
010-68824-0-0000
UPID
US73-2079077
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
-
Romantic Jewelers LLC (Bike/Boat/Book/etc) Store
-
Styles Underground Hair Salon Nail Salon
-
Coming Up Roses Antiques Home Decor Store (Bike/Boat/Book/etc) Store
-
IronSpire Complex Hotel & Motel Resort
-
Memories Daycare Center Foster Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.03M
Owner & transaction history
Ironspire Complex LLC · 5 yrs held
Ironspire Complex LLC
since 2021
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Adamstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Adamstown 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
$3,340,000
ML approach
$4,505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.03M
Range $3.63M – $4.43M · ±10% · vs last sale $2.75M (May 17 2021)
Last sale anchor
$2.75M
May 17 2021
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
$44 / 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
$56,585
Tax year 2024
Assessed value
$2,249,900
Assessed 2024
Previous assessed
$2,249,900
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$853,700
Assessed improvement
$1,396,200
Land market value
$853,700
Improvement market value
$1,396,200
Total market value
$2,249,900
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
92,121 SF
Lot
16.79 ac (731,372 SF)
APN
010-68824-0-0000
UPID
US73-2079077
Jurisdiction
LANCASTER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1987
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
16.79 ac
Current owner
From public records · entity-resolved
Ironspire Complex LLC
Entity
Mailing address
1975 N READING RD, DENVER, PA 17517-9110
Ownership since
2021
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
Feb 19, 2026
—
Ironspire Complex LLC
—
Deed
related
$1,500,000 · Wayne Bank
Jul 25, 2025
—
Ironspire Complex LLC
—
Deed
related
$1,000,000 · Presence Bank
Sep 12, 2024
—
Ironspire Complex LLC
—
Deed
related
$1,300,000 · Presence Bank
Sep 16, 2021
—
Ironspire Complex LLC
—
Deed
related
$3,750,000 · Prosper Bank
May 17, 2021
$2,750,000
Ironspire Complex LLC
Edwared D Stoudt
Deed
—
Apr 20, 2021
—
Matthew Thomas
Edward D Stoudt
Intrafamily Transfer
related
—
Jun 30, 2009
—
Edward D Stoudt
Stoudt,carol A
Quit Claim Deed
related
—
—
—
Carol A Stoudt
—
Deed Of Trust
related
$125,000 · Fulton Bank
—
—
Carol A Stoudt
—
Deed Of Trust
related
$600,000 · Fulton 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2800 Reading Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
