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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Bars & Pubs
416 Penn Ave West Reading, PA 19611-1130
Entity Owned
9-yr Hold
Free & Clear
Property ID
US73-1717717
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1938
Total area
22,220 SF
Lot
0.33 ac (14,375 SF)
APN
5307-18-20-6047
UPID
US73-1717717
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
$1,000k
Blend (final)
Blend
$975k
Owner & transaction history
County Seat Eatery LLC · 9 yrs held
County Seat Eatery LLC
since 2016
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 West Reading submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±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
$44 / 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
$11,051
Tax year 2024
Assessed value
$515,300
Assessed 2024
Previous assessed
$470,800
+9.5% YoY
Effective rate
2.14%
On assessed value
Assessed land
$165,000
Assessed improvement
$350,300
Land market value
$165,000
Improvement market value
$350,300
Total market value
$515,300
Applied tax rate
93.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1938
Heating
NONE
Stories
3
Total area
22,220 SF
Lot
0.33 ac (14,375 SF)
APN
5307-18-20-6047
UPID
US73-1717717
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
Building & site characteristics
From public records
Year built
1938
Heating
NONE
Stories
3
Lot
0.33 ac
Current owner
From public records · entity-resolved
County Seat Eatery LLC
Entity
Free & Clear · 9 yrs held
Mailing address
418 EVANS AVE, WYOMISSING, PA 19610-2330
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2016
$435,000
County Seat Eatery LLC
Light,ronald M & Genevie R
Grant Deed
—
—
—
Ronald M Light
—
Deed Of Trust
related
$180,000 · National Penn Bank
—
—
Light,ronald M & Genevie R
—
Deed Of Trust
related
$810,000 · National Penn Bk
—
—
Light,ronald M & Genevie R
—
Deed Of Trust
related
$180,000 · National Penn Bk
—
—
Light,ronald M & Genevie R
—
Deed Of Trust
related
$50,000 · National Penn Bk
—
—
Light,ronald M & Genevie R
—
Deed Of Trust
related
$150,000 · National Penn Bk
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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