Technical
Financial
Distress signals
Property profile

421 Penn Ave West Reading, PA 19611

OFF-MARKET
Turn key restaurants
Property ID
US73-0495197
11,946 SF 0.46 ac lot Built 1938
Individually Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1938
Total area 11,946 SF
Lot 0.46 ac (20,038 SF)
APN 5307-18-20-5395
UPID US73-0495197

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
  • Restaurant

Location

421 Penn Ave West Reading, PA 19611-1131
West Reading metro Census 11200 READING, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$605k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$540k

Owner & transaction history

since 2021
Last sale
$525,000
5 recorded transactions
2021
$525,000
2006
$635,000
1996
$429,000
1969
Price N/A
1969
Price N/A

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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