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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Auto shops
430 Franklin St West Reading, PA 19611-1218
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-1164072
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1910
Total area
8,787 SF
Lot
0.2 ac (8,712 SF)
APN
5306-06-29-5731-X01
UPID
US73-1164072
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
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$636k
Blend (final)
Blend
$720k
Owner & transaction history
Hl Bowman Building LLC · 3 yrs held
Hl Bowman Building LLC
since 2023
Last sale
$750,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+41.4%
Office building
$885,000
+6.7%
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
$765,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$825,000
Current use
RESTAURANT
$1,170,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$885,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $750k (Jun 2 2023)
Last sale anchor
$750k
Jun 2 2023
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
$82 / 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
$5,863
Tax year 2024
Assessed value
$273,400
Assessed 2024
Previous assessed
$273,400
+0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$47,300
Assessed improvement
$226,100
Land market value
$47,300
Improvement market value
$226,100
Total market value
$273,400
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1910
Heating
NONE
Stories
2
Units
2
Total area
8,787 SF
Lot
0.2 ac (8,712 SF)
APN
5306-06-29-5731-X01
UPID
US73-1164072
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$825,000
RESTAURANT
Est. value
$1.2M
OFFICE BUILDING
Est. value
$885,000
AUTO REPAIR, GARAGE Current
RESTAURANT
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1910
Heating
NONE
Stories
2
Units
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Hl Bowman Building LLC
Entity
Mailing address
2259 WOODLAWN ST, HARRISBURG, PA 17104-2753
Ownership since
2023
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
Oct 17, 2023
—
Hl Bowman Building LLC
—
Deed
related
$525,000 · Mid Penn Bank
Jun 2, 2023
$750,000
Hl Bowman Building LLC
Bm2 Investments LLC
Deed
—
Mar 7, 2023
—
Bm2 Investments LLC
—
Deed
related
$125,000 · Safetynet Investments LLC
Aug 30, 2021
—
Bm2 Investments LLC
—
Deed
related
$50,000 · Fulton Bank NA
May 1, 2014
$225,000
Bm2 Investments LLC
S & F Real Estate Group LLC
Deed
$180,000 · Fulton Bank NA
—
—
S & F Real Estate Group LLC
—
Deed Of Trust
related
$200,000 · Wachovia Bank NA
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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