Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    304 Lancaster Ave Shillington, PA 19607-2416
    Back to Search
    Property profile & analytics

    304 Lancaster Ave, Shillington, PA 19607-2416

    View on Map
    • Investment properties
    • 3,168 SF
    • 0.08 lot acres
    Off-Market
    Last Sale Feb 5, 2021
    $190,000
    Property ID
    US73-2733400
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 304 Lancaster Ave

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.08 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    4395-07-58-3854
    APU
    439507583854

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 9, 2024 — Gloacchino Billeci — Deed · related $101k · First National Bank Of Pennsylvania
    Feb 5, 2021 $190,000 Gioacchino Billeci Gary E Hagy II Deed $152k · First National Bank Of Pennsylvania

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Shillington
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9735
    Latitude
    40.3048
    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
    $1,038
    $37,700
    $29,300
    $67,000
    -
    $37,700
    $29,300
    $67,000

    Comparable in this City

    • Value Estimation by Request
      3,790 SF

      325 Lancaster Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      325 Lancaster Ave, Shillington, PA 19607-2633
      View Details
    • Value Estimation by Request
      6,966 SF

      505 Lancaster Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      505 Lancaster Ave, Shillington, PA 19607-1364
      View Details
    • Value Estimation by Request
      2,720 SF

      914 Lancaster Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      914 Lancaster Ave, Reading, PA 19607-1654
      View Details
    • Value Estimation by Request
      2,418 SF

      2481 Lancaster Pike

      OFFICE/RESIDENTIAL (MIXED USE)
      2481 Lancaster Pike, Reading, PA 19607-2378
      View Details
    • Value Estimation by Request
      1,327 SF

      11 Pershing Blvd

      OFFICE/RESIDENTIAL (MIXED USE)
      11 Pershing Blvd, Shillington, PA 19607-1500
      View Details
    • Value Estimation by Request
      4,334 SF

      10 Vlg Ctr Dra

      OFFICE/RESIDENTIAL (MIXED USE)
      10 Vlg Ctr Dra, Reading, PA 19607-3397
      View Details

    Similar Nearby for Sale

    • $479,900

      Kenhorst Mixed-Use Income Property

      High-visibility mixed-use property with multiple revenue streams in Kenhorst.
      418 Haig Blvd, Reading, PA 19607
      View Details
    • New
      $479,900
      1,950 SF

      Versatile Shillington Mixed-Use Corner Property

      Charming corner property with income potential in the heart of Shillington.
      401 Lancaster Ave, Shillington, PA 19607
      View Details
    • $479,900
      1,950 SF

      Versatile Corner Property in Shillington

      Charming mixed-use property with income potential in Shillington.
      401 West Lancaster Ave, Shillington, PA 19607
      View Details
    • $975,000

      Two-Story Building with Main Street Frontage

      13,000 SF building with flexible floor plan for sale.
      700 Lancaster Ave, Reading, PA 19607
      View Details
    • $235,000

      Kenhorst Village Professional Office Suite

      Versatile 1,000 SF commercial condo in Reading, PA.
      1829 New Holland Rd, Reading, PA 19607
      View Details
    • Contact for pricing

      Retail Building with Warehouse Space

      12,500 SF building with retail and warehouse space.
      400 W Lancaster Ave, Shillington, PA 19607
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Shillington Mixed-Use Property For Rent

      Mixed-use property with office space and apartments in Shillington.
      34 E Lancaster Ave, Reading, PA 19607
      View Details
    • Contact for pricing
      3,780 SF

      Grocery Anchored Shopping Center Space

      Retail space available in Kenhorst Plaza shopping center.
      700 Kenhorst Plz, Reading, PA 19607
      View Details
    • $1,400 /Mo

      Versatile Commercial Space on Lancaster

      810 SF commercial space suitable for retail or office.
      203 W Lancaster Ave, Shillington, PA 19607
      View Details
    • Sponsored
      Contact for pricing

      PA, Reading - Lancaster Pike

      Discover many ways to work your way in PA, Reading - Lancaster Pike
      2395 Lancaster Pike, Reading, PA 19607
      View Details
    • Contact for pricing

      Shillington Commercial Property For Lease

      Premier commercial property in Shillington, PA, suitable for medical/professional services.
      517 East Lancaster Ave, Shillington, PA 19607
      View Details
    • Contact for pricing

      Retail Building with Warehouse Space

      Retail building with warehouse/storage, excellent visibility and access.
      400 W Lancaster Ave, Shillington, PA 19607
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    304 Lancaster Ave
    Shillington, PA 19607-2416
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    304 Lancaster Ave, Shillington, PA, 19607
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!