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Property profile & analytics
OFF-MARKET
Estimated value
$5,810,000
Retail properties & Spaces
2910 5th St Hwy Reading, PA 19605-2461
Entity Owned
Absentee Owner
Free & Clear
Property ID
US73-4952058
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1965
Total area
67,226 SF
Lot
9.45 ac (411,642 SF)
APN
5308-11-76-2080
UPID
US73-4952058
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
-
Boscov's Optical (Bike/Boat/Book/etc) Store
-
Weisser's Delicatessen Food Market Restaurant
-
Boscov's Cosmetic Store
-
Golden Eagle Comics & Games (Bike/Boat/Book/etc) Store Newspaper & Magazine
-
boscovs hair salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.01M
Blend (final)
Blend
$5.81M
Owner & transaction history
PIKE DISTRIBUTORS INC
PIKE DISTRIBUTORS INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.0M
+126.6%
Office building
$6.8M
+71.1%
Auto repair, garage
$6.3M
+60.3%
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
RETAIL STORES
$3,950,000
Current use
RESTAURANT
$8,950,000
Change: +127% · Conversion: Easy
OFFICE BUILDING
$6,755,000
Change: +71% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,330,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,435,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$5.81M
Range $5.23M – $6.39M · ±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
$86 / 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
$55,985
Tax year 2024
Assessed value
$3,986,100
Assessed 2024
Previous assessed
$3,986,100
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$1,435,900
Assessed improvement
$2,550,200
Land market value
$1,435,900
Improvement market value
$2,550,200
Total market value
$3,986,100
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1965
Buildings
4
Total area
67,226 SF
Lot
9.45 ac (411,642 SF)
APN
5308-11-76-2080
UPID
US73-4952058
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
RETAIL STORES Current
Est. value
$4.0M
RESTAURANT
Est. value
$9.0M
OFFICE BUILDING
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$4.4M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1965
Buildings
4
Lot
9.45 ac
Current owner
From public records · entity-resolved
PIKE DISTRIBUTORS INC
Entity
Free & Clear · 0 yrs held
Mailing address
4500 PERKIOMEN AVE, READING, PA 19606-3202
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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