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Property profile & analytics
OFF-MARKET
Estimated value
$8,260,000
Manufacturing properties
310 Hancock Blvd, Reading, PA 19611
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-1878110
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1971
Total area
129,071 SF
Lot
18.62 ac (811,087 SF)
APN
5306-56-44-2522
UPID
US73-1878110
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.21M
Blend (final)
Blend
$8.26M
Owner & transaction history
Poindexter Properties LLC · 6 yrs held
Poindexter Properties LLC
since 2020
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.0M
+98.9%
Auto repair, garage
$12.2M
+86.4%
Commercial (general)
$8.5M
+30.6%
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
INDUSTRIAL (GENERAL)
$6,520,000
Current use
OFFICE BUILDING
$12,970,000
Change: +99% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,155,000
Change: +86% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,515,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,250,000
Change: +26% · Conversion: Easy
RETAIL STORES
$7,580,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$8.26M
Range $7.43M – $9.09M · ±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
$64 / 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
$86,284
Tax year 2024
Assessed value
$3,259,200
Assessed 2024
Previous assessed
$3,259,200
+0.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$623,300
Assessed improvement
$2,635,900
Land market value
$623,300
Improvement market value
$2,635,900
Total market value
$3,259,200
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1971
Heating
NONE
Cooling
YES
Buildings
6
Stories
2
Total area
129,071 SF
Lot
18.62 ac (811,087 SF)
APN
5306-56-44-2522
UPID
US73-1878110
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
INDUSTRIAL (GENERAL) Current
Est. value
$6.5M
OFFICE BUILDING
Est. value
$13.0M
AUTO REPAIR, GARAGE
Est. value
$12.2M
COMMERCIAL (GENERAL)
Est. value
$8.5M
WAREHOUSE, STORAGE
Est. value
$8.3M
RETAIL STORES
Est. value
$7.6M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
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
1971
Heating
NONE
Cooling
Yes
Stories
2
Buildings
6
Lot
18.62 ac
Current owner
From public records · entity-resolved
Poindexter Properties LLC
Entity
Mailing address
825 E WYOMISSING BLVD, READING, PA 19611-1759
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2024
—
Poindexter Properties LLC
—
Deed
related
$139,070,000 · Citi Real Estate Funding INC
Mar 19, 2020
—
Poindexter Properties LLC
Reading Truck Body LLC
Deed
$10,940,000 · Jpmorgan Chase Bank NA
Apr 18, 2011
—
Reading Truck Body LLC
—
Deed Of Trust
related
$2,000,000 · Pnc Bank
Feb 16, 2006
—
Reading Truck Body LLC
Reading Body Works INC
Quit Claim Deed
related
$55,000,000 · Bank Of America
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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