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Property profile & analytics
OFF-MARKET
Parking lots & garages
508 Lancaster Ave Reading, PA 19611
Individually Owned
8-yr Hold
Free & Clear
Property ID
US73-3038715
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1920
Total area
1,432 SF
Lot
0.09 ac (3,920 SF)
APN
5306-57-54-8356
UPID
US73-3038715
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
-
Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
525 Lancaster Ave Aptslp · 8 yrs held
525 Lancaster Ave Aptslp
since 2017
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$749
Tax year 2024
Assessed value
$28,300
Assessed 2024
Previous assessed
$28,300
+0.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$26,300
Assessed improvement
$2,000
Land market value
$26,300
Improvement market value
$2,000
Total market value
$28,300
Applied tax rate
1.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1920
Heating
NONE
Stories
2
Rooms
6
Bathrooms
1
Total area
1,432 SF
Lot
0.09 ac (3,920 SF)
APN
5306-57-54-8356
UPID
US73-3038715
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
1920
Heating
NONE
Stories
2
Rooms
6
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
525 Lancaster Ave Aptslp
Individual
Free & Clear · 8 yrs held
Mailing address
2001 STATE HL RD STE #205, WYOMISSING, PA 19610-1607
Ownership since
2017
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
Sep 6, 2017
$4,075,830
525 Lancaster Ave Aptslp
525 Lancaster Ave Apts LP
Grant Deed
related
—
Feb 24, 2011
$565,000
525 Lancaster Ave Apts LP
525 Lancaster Ptrs LP
Grant Deed
related
—
May 18, 2007
—
525 Lancaster Partners
525 Lancaster Partners
Quit Claim Deed
related
—
Sep 26, 2006
$3,350,000
525 Lancaster Partners
Goropoulous,ted K
Grant Deed
$6,300,000 · Beneficial Mutual Savings
Sep 26, 2006
—
Beneficial Mutual Savings Bank
525 Lancaster Partners
Grant Deed
related
—
—
—
Shillington Shopping Center
—
Deed Of Trust
related
$19,100,000 · Firstrust 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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