Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    320 Morgantown Rd Reading, PA 19611-2059

    • Office buildings
    • 2,488 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Location Intelligence
    Property ID
    US73-2738839
    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

    • Elite Eyecare / Eye Care Center / Optometrist
    • Sean Hyman / Optometrist / Practitioner Service Location
    • Acuity Laser Eye & Vision Center / Eye Care Center / Optometrist
    • American Male / Hair Salon / Waxing Hair Removal Service

    Property Details for 320 Morgantown Rd

    Year built
    1955
    Lot size
    0.18 lot acres
    Property size
    2,488 SF
    Property type
    Office buildings
    APN
    5306-59-84-4301
    APU
    530659844301

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $435,000
      6.5%
      $370,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $335,000
      Geo Method
      $395,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $460,000
      Retail
      $395,000
      Mixed-Use
      $375,000
      Hospitality
      $375,000
      Educational
      $330,000
      Residential Income
      $390,000
      Energy
      $360,000
      Income-Based Land
      $375,000
      Food Service
      $355,000

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9263
    Latitude
    40.3191
    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
    $2,894
    $36,900
    $72,400
    $109,300
    -
    $36,900
    $72,400
    $109,300

    Comparable in this City

    • Value Estimation by Request
      74,329 SF

      229 Morgantown Rd

      OFFICE BUILDING • 74,329 SF
      229 Morgantown Rd, Reading, PA 19611
      View Details
    • Value Estimation by Request
      10,865 SF

      156 Penn Ave

      OFFICE BUILDING • 10,865 SF
      156 Penn Ave, West Reading, PA 19611
      View Details
    • Value Estimation
      $345,000
      3,515 SF

      722 Penn Ave

      OFFICE BUILDING • 3,515 SF
      722 Penn Ave, West Reading, PA 19611-1006
      View Details
    • Value Estimation by Request
      74,329 SF

      229 Morgantown Rd

      OFFICE BUILDING • 74,329 SF
      229 Morgantown Rd, Reading, PA 19611
      View Details
    • Value Estimation
      $845,000
      31,429 SF

      1201 Museum Rd

      OFFICE BUILDING • 31,429 SF
      1201 Museum Rd, Reading, PA 19611-1430
      View Details
    • Value Estimation
      $785,000
      51,257 SF

      520 Chestnut St

      OFFICE BUILDING • 51,257 SF
      520 Chestnut St, West Reading, PA 19611-1452
      View Details

    Similar Nearby for Sale

    • $850,000
      4,692 SF

      West Reading Mixed-Use Retail Property

      Mixed-use property with retail space and residential apartment.
      635 Penn Ave, Reading, PA 19611
      View Details
    • Contact for pricing

      Lancaster Avenue Retail Opportunity

      Retail properties available for sale on Lancaster Avenue.
      100-128 Lancaster Ave, Reading, PA 19611
      View Details
    • $400,000
      4,860 SF

      Reading Industrial Flex Building

      4,860 SF Flex Space - $400,000
      415 Gregg Ave, Reading, PA 19611
      View Details
    • Contact for pricing
      3,392 SF

      Prime PA Retail Portfolio

      Three remodeled retail buildings
      100-128 Lancaster Ave, Reading, PA 19611
      View Details
    • Contact for pricing
      4,550 SF

      Lancaster Ave Retail Portfolio

      Prime Reading, PA Retail Investment
      100-128 Lancaster Ave, Reading, PA 19611
      View Details
    • $339,900
      1,874 SF

      West Reading Townhome with Upgrades

      Meticulously maintained townhome in a sought-after West Reading community.
      211 Silk Dr, West Reading, PA 19611
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      210,650 SF

      West Reading Flex Office Space

      Prime West Reading location, renovated office space.
      739 Reading Ave, Reading, PA 19611
      View Details
    • Contact for pricing
      10,569 SF

      West Reading Restaurant/Retail Opportunity

      Classic red brick building suitable for restaurant or retail use.
      421 Penn Ave, Reading, PA 19611
      View Details
    • Contact for pricing
      4,550 SF

      100 Lancaster Ave

      Restaurants • 4,550 SF
      100 Lancaster Ave, Reading, PA 19611
      View Details
    • Contact for pricing
      12,075 SF

      100-128 Lancaster Ave,100 Memory Lane,2178 W 38th Street

      Restaurants • 12,075 SF
      100-128 Lancaster Ave, Reading, PA 19611
      View Details
    • Contact for pricing
      3,203 SF

      Fenced Lot with Shop Building

      1.45-acre lot with a 3,203 SF five-bay shop.
      615R Kenhorst Blvd, Reading, PA 19611
      View Details
    • Contact for pricing
      11,200 SF

      Retail Space in West Reading

      Shell condition retail space in West Reading's retail district.
      525 Penn Ave, Reading, PA 19611
      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.
    320 Morgantown Rd
    Reading, PA 19611-2059
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.