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    Property profile & analytics

    500 Lancaster Ave Reading, PA 19607-1365

    • Outlet malls
    • 25,878 SF
    • 2.51 lot acres
    OFF-MARKET
    Value Estimation
    $705,000
    Last Sale
    May 16, 2023
    Location Intelligence
    Property ID
    US73-0576720
    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.

    Current Use by Public Records

    • Rite Aid Pharmacy / Pharmacy
    • CDReload - Online Bitcoin ATM / Crypto Atm / Atm
    • Rite Aid / Drug Store / Beauty Supply Store
    • Rite Aid Photo / Passport Photo Processor
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 500 Lancaster Ave

    Year built
    1960
    Lot size
    2.51 lot acres
    Property size
    25,878 SF
    Property type
    Outlet malls
    APN
    4395-08-99-5683
    APU
    439508995683

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $715,000

    • CAP approach

      CAP return
      Estimation
      6%
      $725,000
      6.5%
      $705,000
      7%
      $770,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $735,000
      Geo Method
      $815,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $815,000
      Retail
      $750,000
      Mixed-Use
      $740,000
      Hospitality
      $680,000
      Educational
      $770,000
      Residential Income
      $745,000
      Energy
      $745,000
      Income-Based Land
      $830,000
      Food Service
      $770,000

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9583
    Latitude
    40.3068
    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
    $17,231
    $661,300
    $421,700
    $1,083,000
    -
    $661,300
    $421,700
    $1,083,000

    Comparable in this City

    • Value Estimation
      $2,720,000
      47,350 SF

      2255 Lancaster Pike

      WHOLESALE OUTLET, DISCOUNT STORE • 47,350 SF
      2255 Lancaster Pike, Shillington, PA 19607-2453
      View Details
    • Value Estimation
      $580,000
      18,492 SF

      10 Smt Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 18,492 SF
      10 Smt Ave, Reading, PA 19607-2031
      View Details
    • Value Estimation by Request
      18,260 SF

      1010 Cedar Top Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 18,260 SF
      1010 Cedar Top Rd, Shillington, PA 19607-9358
      View Details
    • Value Estimation
      $5,280,000
      100,534 SF

      4000 Shillington Plz

      WHOLESALE OUTLET, DISCOUNT STORE • 100,534 SF
      4000 Shillington Plz, Reading, PA 19607-1118
      View Details
    • Value Estimation
      $5,265,000
      79,832 SF

      2251 Lancaster Pike

      WHOLESALE OUTLET, DISCOUNT STORE • 79,832 SF
      2251 Lancaster Pike, Shillington, PA 19607-2475
      View Details
    • Value Estimation by Request
      1,440 SF

      1002 New Holland Rd

      BAR, TAVERN • 1,440 SF
      1002 New Holland Rd, Reading, PA 19607-1649
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      32,965 SF

      Redeveloped Retail Center Space Available

      Retail space available in a redeveloped, anchored shopping center.
      1 Parkside Ave, Reading, PA 19607
      View Details
    • $275,000
      1,368 SF

      Lancaster Avenue Mixed-Use Property

      Prime Reading Investment: Dental Office & Apartment
      221 Lancaster Ave, Reading, PA 19607
      View Details
    • $499,000
      0.18 Acres

      Shillington Multifamily Investment Opportunity

      Five-unit property in Shillington with strong rental income potential.
      24 Philadelphia Ave, Shillington, PA 19607
      View Details
    • $695,900
      3,100 SF

      Morgantown Rd Industrial Property

      3,100 SF Warehouse, Owner/User
      1185 Morgantown Rd, Reading, PA 19607
      View Details
    • $130,000
      1.00 Acre

      Residential Building Lot in Reading

      One acre lot ready for new construction in established neighborhood.
      Cedar Top Rd, Reading, PA 19607
      View Details
    • $450,000

      Commercial Corner Lot For Sale

      Corner lot suitable for commercial development in populated neighborhood.
      1834 Liberty Ave, Reading, PA 19607
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    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Grocery Anchored Shopping Center Space

      Retail space available in Kenhorst Plaza shopping center.
      700 Kenhorst Plz, Reading, PA 19607
      View Details
    • $13 SF/Yr
      6,100 SF

      Shillington Mixed-Use Property with Parking

      Mixed-use property with office space, apartments, and parking.
      34 E Lancaster Ave, Reading, PA 19607
      View Details
    • Contact for pricing
      161,242 SF

      Kenhorst Plaza Retail Space Available

      Reading, PA Retail Center - 10,950 SF Available
      1895 New Holland Rd, Reading, PA 19607
      View Details
    • Contact for pricing
      161,424 SF

      Kenhorst Plaza Retail Space

      Grocery-anchored retail center, Berks County.
      1895 New Holland Rd, Reading, PA 19607
      View Details
    • $1,950 /Mo
      6,098 SF

      READING, PA Commercial Space Available

      First-floor commercial space in READING, PA, suitable for various businesses.
      221 E Lancaster Ave, Reading, PA 19607
      View Details
    • Contact for pricing
      3,777 SF

      Versatile Medical/Professional Office Space

      Surgical dental office space for rent with on-site parking.
      517 E Lancaster Ave, Reading, PA 19607
      View Details
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    500 Lancaster Ave
    Reading, PA 19607-1365
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    Realmo Value Estimation

    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.

    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.

    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
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