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    Property profile & analytics

    3001 Perkiomen Ave Reading, PA 19606-2751

    • Retail space
    • 9,432 SF
    • 1.13 lot acres
    OFF-MARKET
    Value Estimation
    $355,000
    Last Sale
    Jan 09, 2020
    $350,000
    Location Intelligence
    Property ID
    US73-0143320
    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

    • A Second Time Around / Consignment Shop

    Property Details for 3001 Perkiomen Ave

    Year built
    1950
    Lot size
    1.13 lot acres
    Property size
    9,432 SF
    Property type
    Retail space
    APN
    5326-09-27-1093
    APU
    532609271093

    Description

    This exceptional Reading, PA commercial property, located at 3001 Perkiomen Ave, presents a compelling investment opportunity. The 9,432 square foot retail building sits on a 1.13-acre lot at the high-traffic intersection of Perkiomen Ave and Oley Turnpike Rd, offering excellent visibility and accessibility. Currently operating as a multi-tenant convenience store with two tenants occupying 25% of the space, the property boasts a strong 7.00% capitalization rate and a net operating income (NOI) of $27,600. The asking price is $395,000, translating to $41.88 per square foot. Built in 2022, the property features six units, three retail spaces on the upper level and three lower-level units potentially combinable into a large warehouse. Ample parking is available with 23 spaces. The property is zoned for commercial use and includes additional developable land in the rear, presenting expansion potential. This prime corner location offers numerous possibilities for investors seeking a high-return retail investment in a thriving Pennsylvania market. The property is a Class C building with a net lease type.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $335,000
      6.5%
      $325,000
      7%
      $375,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $325,000
      Geo Method
      $420,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $315,000
      Retail
      $325,000
      Mixed-Use
      $285,000
      Hospitality
      $310,000
      Educational
      $330,000
      Residential Income
      $345,000
      Energy
      $335,000
      Income-Based Land
      $295,000
      Food Service
      $375,000

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.8767
    Latitude
    40.3258
    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
    $2,827
    $120,000
    $51,100
    $171,100
    -
    $120,000
    $51,100
    $171,100

    Comparable in this City

    • Value Estimation by Request
      840 SF

      109 Woodland Ave

      RETAIL STORES (PERSONAL SERVICES) • 840 SF
      109 Woodland Ave, Reading, PA 19606-1055
      View Details
    • Value Estimation by Request
      10,920 SF

      1656 Cotton St

      RETAIL STORES (PERSONAL SERVICES) • 10,920 SF
      1656 Cotton St, Reading, PA 19606-2531
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    • Value Estimation by Request
      10,724 SF

      21 Vanguard Dr

      RETAIL STORES (PERSONAL SERVICES) • 10,724 SF
      21 Vanguard Dr, Reading, PA 19606-3765
      View Details
    • Value Estimation by Request
      1,592 SF

      2850 Saint Lawrence Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,592 SF
      2850 Saint Lawrence Ave, Reading, PA 19606-2232
      View Details
    • Value Estimation
      $320,000
      5,800 SF

      2800 Perkiomen Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,800 SF
      2800 Perkiomen Ave, Reading, PA 19606-2268
      View Details
    • Value Estimation
      $350,000
      10,080 SF

      2433 Perkiomen Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,080 SF
      2433 Perkiomen Ave, Reading, PA 19606-2094
      View Details

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      Land Available For Ground Lease

      0.5 acre commercial land with utilities and high traffic.
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      Prime Commercial Land for Lease

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    Reading, PA 19606-2751
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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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