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Property profile & analytics
FOR SALE
Office buildings
540 Court St Reading, PA 19601
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-2173197
For Sale
1 / 19
$375,000
540 Court St, Reading, PA 19601
View Listing →
Property summary
AI-generated overview
This meticulously maintained, 11,000 square foot office building at 540 Court Street in Reading, PA, presents a unique investment opportunity. Completely renovated, the property offers bright, adaptable office suites, perfect for a variety of professional uses. Imagine your business thriving in this convenient location, just steps from the courthouse, parking garages, and local shops. The building features modern amenities including multiple conference rooms, a welcoming luncheon area with an outdoor patio, and a convenient elevator. The thoughtfully designed layout allows for flexibility
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1874
Total area
3,962 SF
Lot
0.04 ac (1,742 SF)
APN
5307-83-80-2437
UPID
US73-2173197
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
-
Robert T. Ullman Law Firm
-
Forry Ullman Ullman & Forry Pc Law Firm
-
Johnston Curtis C Law Firm
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
Kaiser Investment Company · 4 yrs held
Kaiser Investment Company
since 2021
Last sale
$240,000
1 recorded transaction
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
$2,589
Tax year 2024
Assessed value
$97,800
Assessed 2024
Previous assessed
$97,800
+0.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$26,000
Assessed improvement
$71,800
Land market value
$26,000
Improvement market value
$71,800
Total market value
$97,800
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 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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1874
Heating
NONE
Stories
3
Total area
3,962 SF
Lot
0.04 ac (1,742 SF)
APN
5307-83-80-2437
UPID
US73-2173197
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
1874
Heating
NONE
Stories
3
Lot
0.04 ac
Current owner
From public records · entity-resolved
Kaiser Investment Company
Entity
Mailing address
11 ZEHNERS XING DR, TAMAQUA, PA 18252-5447
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2021
$240,000
Kaiser Investment Company
540 Court Street Limited Partnershi
Deed
$180,000 · Fulton Bank NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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