Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    470 Schuylkill Ave Reading, PA 19601-2626
    Back to Search
    Property profile & analytics

    470 Schuylkill Ave, Reading, PA 19601-2626

    View on Map
    • Specialty properties
    • 6,928 SF
    • 0.23 lot acres
    Off-Market
    Property ID
    US73-0675108
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Studio 470 / Hotel & Motel / Resort
    • Que Rico Latin Dance Company / Theater & Performing Art Venue / Training Center

    Property Details for 470 Schuylkill Ave

    Year built
    1880
    Lot size
    0.23 lot acres
    Property type
    Specialty properties
    APN
    5307-64-42-6838
    APU
    530764426838

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 14, 2015 $6,900 Windsor Way Holdings LLC Elite Realty Holdings LLC Grant Deed —
    Aug 27, 2015 $7,989 Elite Realty Holdings LLC Sheriff Of Berks County|alexis,jeannie G Trustees Deed · related —
    Aug 21, 2007 $72,000 Jeannie G Alexis Cabrera,manuel A Grant Deed —
    Sep 8, 2005 $30,000 Manuel A Cabrera Irish Ale House INC Grant Deed —
    Jan 9, 2003 $89,666 Irish Ale House INC Berks County Tax Claim Bureau Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9392
    Latitude
    40.3428
    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
    $1,546
    $30,000
    $28,400
    $58,400
    -
    $30,000
    $28,400
    $58,400

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      238 Ct St

      FUNERAL HOME
      238 Ct St, Reading, PA 19601
      View Details
    • Value Estimation
      $660,000
      14,848 SF

      677 Clinton St

      CHARITABLE ORGANIZATION
      677 Clinton St, Reading, PA 19601-2646
      View Details
    • Value Estimation by Request
      7,680 SF

      246 9th St

      CHARITABLE ORGANIZATION
      246 9th St, Reading, PA 19601-3105
      View Details
    • Value Estimation by Request
      2,334 SF

      610 Thorn St

      CHARITABLE ORGANIZATION
      610 Thorn St, Reading, PA 19601-2823
      View Details
    • Value Estimation by Request
      1,190 SF

      424 Pear St

      CHARITABLE ORGANIZATION
      424 Pear St, Reading, PA 19601-2710
      View Details
    • Value Estimation by Request
      1,130 SF

      143 Schuylkill Ave

      CHARITABLE ORGANIZATION
      143 Schuylkill Ave, Reading, PA 19601-2920
      View Details

    Similar Nearby for Sale

    • $975,000

      Reading Office/Mixed-Use Creative Space

      Appointed office/mixed-use/creative space with ample fenced parking.
      715 Clinton St, Reading, PA 19601
      View Details
    • Contact for pricing
      20,700 SF

      Elm View Apartments: 32 Units

      Four-story brick building with 32 residential units and on-site parking.
      350 Elm St, Reading, PA 19601
      View Details
    • $375,000
      0.11 Acres

      Renovated Office Building in Reading

      Well-maintained, renovated office building in Reading's Revitalization Zone.
      540 Court St, Reading, PA 19601
      View Details
    • $39,000
      2.50 Acres

      Land in High Traffic Area

      2.5 acres of land in Reading, Pennsylvania for sale.
      2135-R Denglers Hl Ct, Reading, PA 19601
      View Details
    • Contact for pricing
      10,124 SF

      Historic Office Building For Sale

      Professional office building near courthouse and downtown area.
      540 Court St, Reading, PA 19601
      View Details
    • Contact for pricing
      9,500 SF

      Auto Repair Shop with Warehouse

      Auto repair shop with warehouse space at signalized intersection.
      349 Buttonwood St, Reading, PA 19601
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space for Rent

      Commercial space available for rent at 601 Penn St.
      601 Penn St, Reading, PA 19601
      View Details
    • Contact for pricing

      Class A Office/Retail Building

      Class A office/retail building in Downtown Reading, Pennsylvania.
      601 Penn St, Reading, PA 19601
      View Details
    • $400 /Mo

      Reading Commercial Space For Rent

      Commercial space available for rent in Reading, Pennsylvania.
      540 Court St, Reading, PA 19601
      View Details
    • $17 SF/Yr

      Downtown Reading Professional Office Building

      68,000+/- sq ft office building in downtown Reading, PA.
      19 N 6Th St, Reading, PA 19601
      View Details
    • Contact for pricing
      4,550 SF

      Downtown Reading Office Space Available

      Professionally managed office building in downtown Reading with on-site parking.
      42 N 5Th St, Reading, PA 19601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    470 Schuylkill Ave
    Reading, PA 19601-2626
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    470 Schuylkill Ave, Reading, PA, 19601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!