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    Property profile & analytics

    523 Franklin St Reading, PA 19602-1008

    • Office buildings
    • 5,592 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 04, 2023
    $23,000
    Location Intelligence
    Property ID
    US73-5994919
    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

    • Office buildings

    Property Details for 523 Franklin St

    Year built
    1900
    Lot size
    0.05 lot acres
    Property size
    5,592 SF
    Property type
    Office buildings
    APN
    5306-27-89-1608
    APU
    530627891608

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.927
    Latitude
    40.3339
    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
    $1,340
    $11,000
    $39,600
    $50,600
    -
    $11,000
    $39,600
    $50,600

    Comparable in this City

    • Value Estimation by Request
      2,267 SF

      613 Franklin St

      OFFICE BUILDING • 2,267 SF
      613 Franklin St, Reading, PA 19602-1101
      View Details
    • Value Estimation by Request
      63,662 SF

      625 Cherry St

      OFFICE BUILDING • 63,662 SF
      625 Cherry St, Reading, PA 19602-1152
      View Details
    • Value Estimation
      $115,000
      9,652 SF

      42 5th St

      OFFICE BUILDING • 9,652 SF
      42 5th St, Reading, PA 19602-1049
      View Details
    • Value Estimation by Request
      15,720 SF

      111 Riverfront Dr

      OFFICE BUILDING • 15,720 SF
      111 Riverfront Dr, Reading, PA 19602-1800
      View Details
    • Value Estimation
      $470,000
      16,960 SF

      108 5th St

      OFFICE BUILDING • 16,960 SF
      108 5th St, Reading, PA 19602-1602
      View Details
    • Value Estimation
      $250,000
      4,541 SF

      240 5th St

      OFFICE BUILDING • 4,541 SF
      240 5th St, Reading, PA 19602-1846
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.05 Acres

      Residential Land in Reading, PA

      Vacant land suitable for residential development or investment.
      323 Pine St, Reading, PA 19602
      View Details
    • $950,000
      93,968 SF

      Turn-Key Restaurant & Event Space

      Turn-key pub, restaurant, and event space available immediately.
      535 Canal St, Reading, PA 19602
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    • $1,250,000

      Prime Reading Car Wash & Laundromat

      Thriving Business, High Traffic Location
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      2,158 SF

      Remodeled Duplex with Off-Street Parking

      Reading duplex with seven bedrooms, remodeled in 2025, includes parking.
      21 S 3Rd St, Reading, PA 19602
      View Details
    • Contact for pricing
      0.03 Acres

      Land For Sale, Reading PA

      Open lot in great location, ideal for building or investment.
      20 Neversink St, Reading, PA 19602
      View Details
    • $950,000
      93,968 SF

      Canal Street Pub: Turn-Key Opportunity

      Historic Restaurant, Event Space, Liquor License
      535 Canal St, Reading, PA 19602
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      84,283 SF

      Downtown Reading Office/Retail Building

      Marquis building in downtown Reading with retail/office space.
      450 Penn St, Reading, PA 19602
      View Details
    • $15 SF/Yr
      3,641 SF

      Downtown Reading Office Space Available

      Professionally managed office building in downtown Reading with on-site parking.
      42 N 5Th St, Reading, PA 19602
      View Details
    • $3,948 /Mo

      Reading Office Space For Lease

      Large open office space in the heart of Reading.
      722 Cherry St, Reading, PA 19602
      View Details
    • $6 SF/Yr
      58,012 SF

      Reading Industrial Building with Docks

      Industrial building with interior docks, levelers, and rich labor pool.
      475 Riverfront Dr, Reading, PA 19602
      View Details
    • $1,075 /Mo
      756 SF

      Cozy 3-Bedroom Remodeled Home

      Recently remodeled 3-bedroom home on a quiet street, for rent.
      923 Culvert St, Reading, PA 19602
      View Details
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    523 Franklin St
    Reading, PA 19602-1008
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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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