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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Golf courses & driving ranges
4401 Perkiomen Ave, Reading, PA 19606-3216
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US73-0492225
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
COUNTRY CLUB
Year built
1971
Total area
49,792 SF
Lot
15.01 ac (653,836 SF)
APN
5326-19-62-0196
UPID
US73-0492225
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
Current use
Occupant on record · Public records
-
Hillcrest Racquet Club Sports School Sports Field & Court
-
Exeter Fieldhouse Gym & Fitness Center Sports Field & Court
-
Team Works Sports Academy Association / Organization
-
Berks Senior Softball League Association / Organization
-
Sport Builders Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$835k
Owner & transaction history
M & M Real Estate INC · 24 yrs held
M & M Real Estate INC
since 2001
7 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 Reading submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$835k
Range $752k – $919k · ±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
$17 / 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
$16,579
Tax year 2024
Assessed value
$1,285,200
Assessed 2024
Previous assessed
$1,285,200
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$263,000
Assessed improvement
$1,022,200
Land market value
$263,000
Improvement market value
$1,022,200
Total market value
$1,285,200
Applied tax rate
43.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Golf courses & driving ranges
Use group
COUNTRY CLUB
Status
Off-Market
Year built
1971
Heating
YES
Buildings
3
Stories
1
Rooms
5
Bathrooms
1
Total area
49,792 SF
Lot
15.01 ac (653,836 SF)
APN
5326-19-62-0196
UPID
US73-0492225
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
1971
Heating
YES
Stories
1
Buildings
3
Rooms
5
Bathrooms
1
Lot
15.01 ac
Current owner
From public records · entity-resolved
M & M Real Estate INC
Entity
Mailing address
4401 PERKIOMEN AVE, READING, PA 19606-3216
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2021
—
M&m Real Estate INC
—
Deed
related
$2,052,000 · S & T Bank
Jul 9, 2019
—
M & M Real Estate INC
—
Deed
related
$300,000 · Dnb First NA
Jun 17, 2016
—
M & M Real Estate INC
—
Deed
related
$300,000 · Dnb First NA
Jul 17, 2006
—
M & M Real Estate INC
—
Deed Of Trust
related
$1,332,550 · National Penn Bank
Jul 26, 2001
$1,124,573
M & M Real Estate INC
Nkm Ltd
Grant Deed
$1,405,000 · National Penn Bk
—
—
M & M Real Estate INC
—
Deed Of Trust
related
$681,000 · National Penn Bank
—
—
M & M Real Estate INC
—
Deed Of Trust
related
$300,000 · Dnb First NA
—
—
M & M Real Estate INC
—
Deed Of Trust
related
$2,000,000 · Dnb First NA
—
—
M & M Real Estate INC
—
Deed Of Trust
related
$300,000 · Dnb First NA
—
—
M & M Real Estate INC
—
Deed Of Trust
related
$50,000 · Dnb First NA
—
—
M & M Real Estate INC
—
Deed Of Trust
related
$381,105 · National Penn Bank
—
—
M & M Real Estate INC
—
Deed Of Trust
related
$65,000 · National Penn Bk
—
—
M & M Real Estate INC
—
Deed Of Trust
related
$400,000 · National Penn Bank
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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