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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    351 Main St Birdsboro, PA 19508-1909

    • Office buildings
    • 2,740 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Sep 29, 2023
    $425,000
    Value Estimations
    $420,000
    Show details
    Cap Rate Potential
    5.6%
    Office buildings
    Location Intelligence
    Property ID
    US73-6013336
    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

    • Office buildings

    Property Details for 351 Main St

    Year built
    1984
    Lot size
    1.00 lot acres
    Property size
    2,740 SF
    Property type
    Office buildings
    APN
    5334-12-86-7532
    APU
    533412867532

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $435,000
      ML approach
      $430,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $410,000
      6.5%
      $375,000
      7%
      $350,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $265,000
      Current use
      MEDICAL BUILDING
      $440,000
      Change: +65% Conversion: Easy
      AUTO REPAIR, GARAGE
      $295,000
      Change: +10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Birdsboro
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.819
    Latitude
    40.2685
    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
    $2,423
    $92,000
    $64,800
    $156,800
    -
    $92,000
    $64,800
    $156,800

    Comparable in this City

    • Value Estimation
      $270,000
      806 SF

      50 Brg St

      OFFICE BUILDING • 806 SF
      50 Brg St, Birdsboro, PA 19508
      View Details
    • Value Estimation
      $535,000
      1,644 SF

      400 Hanover St

      OFFICE BUILDING • 1,644 SF
      400 Hanover St, Birdsboro, PA 19508-9181
      View Details
    • Value Estimation
      $460,000
      1,053 SF

      1275 Rock Holw Rd

      OFFICE BUILDING • 1,053 SF
      1275 Rock Holw Rd, Birdsboro, PA 19508-7900
      View Details
    • Value Estimation
      $355,000
      11,008 SF

      3 Pt Dr

      OFFICE BUILDING • 11,008 SF
      3 Pt Dr, Birdsboro, PA 19508-8151
      View Details
    • Value Estimation by Request
      1,475 SF

      925 Philadelphia Ter

      OFFICE BUILDING • 1,475 SF
      925 Philadelphia Ter, Birdsboro, PA 19508-1011
      View Details
    • Value Estimation
      $260,000
      2,400 SF

      422 1st St

      OFFICE BUILDING (MULTI-STORY) • 2,400 SF
      422 1st St, Birdsboro, PA 19508-2337
      View Details

    Similar Nearby for Sale

    • $180,000
      3.09 Acres

      Land with Stream Near Park

      Three-acre lot with well, stream, and driveway near recreation.
      581 Monocacy Hill Rd, Birdsboro, PA 19508
      View Details
    • Contact for pricing
      7 SF

      7.97 Acres on PA Route 422

      Highly visible land suitable for retail or storage development.
      936 Monocacy Creek Rd, Birdsboro, PA 19508
      View Details
    • $239,900
      1,134 SF

      Renovated Home Near Downtown Reading

      Semi-detached, renovated 3-bedroom, 2-bathroom home with modern updates.
      29 Seyfert Dr, Birdsboro, PA 19508
      View Details
    • Contact for pricing
      7.97 Acres

      Birdsboro Commercial Land - 7.97 Acres

      Highway Commercial land, ideal for development.
      936 Monocacy Creek Rd, Birdsboro, PA 19508
      View Details
    • $315,000
      3,663 SF

      Birdsboro Mixed-Use Commercial Property

      High-visibility commercial space with apartment.
      6631 Perkiomen Ave, Birdsboro, PA 19508
      View Details
    • $625,000
      2,200 SF

      Birdsboro Mixed-Use Property - 4.6 Acres

      Live & Work, Hobbyist's Haven, Great Potential
      82 Quarry Rd, Birdsboro, PA 19508
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      93,218 SF

      Remodeled Office Suite For Lease

      Move-in ready office suite with reception, offices, conference room.
      6590 Sunset Mnr Dr Unit, Birdsboro, PA 19508
      View Details
    • $275 SF/Yr
      51,401 SF

      Birdsboro Office Spaces for Lease

      Office spaces for lease in Birdsboro, PA with utilities included.
      235 W 2Nd St, Birdsboro, PA 19508
      View Details
    • $3,300 /Mo
      5,227 SF

      Birdsboro Commercial Space For Lease

      Iconic Birdsboro property available for lease, multiple uses possible.
      227 N Furnace St, Birdsboro, PA 19508
      View Details
    • Contact for pricing
      160,534 SF

      Birdsboro Industrial Warehouse Portfolio

      Eight Buildings, 160K+ SF Available
      296 Poplar Neck Rd, Birdsboro, PA 19508
      View Details
    • Contact for pricing

      Prime Pad Site For Lease

      Approximately 1 acre pad site at a hard corner.
      2859 E Ben Franklin Hwy, Birdsboro, PA 19508
      View Details
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    351 Main St
    Birdsboro, PA 19508-1909
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    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
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