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Property profile

312 Lancaster Ave Reading, PA 19611

OFF-MARKET
Investment properties
Property ID
US73-1356305
6,364 SF 0.24 ac lot Built 1900
Entity Owned 3-yr Hold Free & Clear

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Construction FRAME
Total area 6,364 SF
Lot 0.24 ac (10,454 SF)
APN 5306-49-65-2049
UPID US73-1356305

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Electrical Service General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$590k
CAP Approach CAP
by Request
Comparable Approach Comparable
$572k
Blend (final) Blend
$585k

Owner & transaction history

since 2023
Last sale
$560,000
1 recorded transaction
2023
$560,000

Zoning & alternative use

Top alternative use upside
Restaurant $845,000 +101.8%
Office building $640,000 +52.3%
Auto repair, garage $600,000 +42.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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