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    Property profile & analytics

    2801 Papermill Rd Wyomissing, PA 19610-3324

    • Hotels
    • 45,133 SF
    • 3.26 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 16, 2022
    $16,866,575
    Location Intelligence
    Property ID
    US73-2356315
    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

    • ChargePoint Charging Station / Electric Vehicle Charging Station
    • Homewood Suites by Hilton Reading / Extended Stay Hotel

    Property Details for 2801 Papermill Rd

    Year built
    1999
    Construction
    FRAME
    Lot size
    3.26 lot acres
    Property size
    45,133 SF
    Property type
    Hotels
    APN
    4397-05-09-6640
    APU
    439705096640

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wyomissing
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9884
    Latitude
    40.3618
    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
    $107,784
    $1,525,600
    $6,545,100
    $8,070,700
    -
    $1,525,600
    $6,545,100
    $8,070,700

    Comparable in this City

    • Value Estimation
      $7,320,000
      38,767 SF

      405 Park Rd

      HOTEL • 38,767 SF
      405 Park Rd, Wyomissing, PA 19610-2917
      View Details
    • Value Estimation by Request
      82,925 SF

      45 Berkshire Ct

      HOTEL • 82,925 SF
      45 Berkshire Ct, Wyomissing, PA 19610-1204
      View Details
    • Value Estimation by Request
      31,545 SF

      150 Park Rd

      HOTEL • 31,545 SF
      150 Park Rd, Wyomissing, PA 19610-3009
      View Details
    • Value Estimation
      $11,010,000
      149,037 SF

      1741 Papermill Rd

      HOTEL • 149,037 SF
      1741 Papermill Rd, Wyomissing, PA 19610-1207
      View Details
    • Value Estimation by Request
      59,295 SF

      21 Meridian Blvd

      MOTEL • 59,295 SF
      21 Meridian Blvd, Wyomissing, PA 19610-3200
      View Details
    • Value Estimation by Request
      18,960 SF

      910 Woodland Rd

      MOTEL • 18,960 SF
      910 Woodland Rd, Reading, PA 19610-1202
      View Details

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      Retail Space in Wyomissing

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      Profitable Restaurant Business Opportunity

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    Similar Nearby for Lease

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      Class A Office Space Available

      Professionally managed office building with highway access and retail amenities.
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    Property Visit Statistics

    • Visits by month
      9.1k
    • Visitors by month
      5.3k
    • Avg Time on site
      459 min
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    2801 Papermill Rd
    Wyomissing, PA 19610-3324
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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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