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    56 Charlotte St Pottstown, PA 19464-5905
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    Property profile & analytics

    56 Charlotte St Pottstown, PA 19464-5905

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    • Apartment buildings
    • 12,720 SF
    • 0.62 lot acres
    Off-Market
    Last Sale Dec 7, 2021
    $1,700,000
    Property ID
    US73-5912441
    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
    $2,020,000
    Show details
    Cap Rate Potential
    7.8%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 56 Charlotte St

    Year built
    2010
    Lot size
    0.62 lot acres
    Property size
    12,720 SF
    Zone code
    RMHD
    Property type
    Apartment buildings
    APN
    16-00-04396-00-7
    APU
    160004396007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,195,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,865,000
      6.5%
      $2,645,000
      7%
      $2,455,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,436,000
      Market price range: $1.01M - $2.44M
      AI Estimate
      $1,452,000
      Market price range: $369k - $1.45M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,770,000
      Current use
      OFFICE BUILDING
      $2,080,000
      Change: +18% Conversion: Moderate
      MEDICAL BUILDING
      $2,005,000
      Change: +13% Conversion: Moderate
      RESTAURANT
      $1,785,000
      Change: +1% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,660,000
      Change: -6% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,420,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pottstown
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.6472
    Latitude
    40.2441
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD 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
    2023
    $38,072
    $0.00
    $0.00
    $620,320
    -
    $0.00
    $0.00
    $620,320

    Comparable in this City

    • Value Estimation
      $1,075,000
      9,160 SF

      1001 Hanover St

      APARTMENT HOUSE (5+ UNITS) • 9,160 SF
      1001 Hanover St, Pottstown, PA 19464-1860
      View Details
    • Value Estimation
      $2,485,000
      16,262 SF

      44 High St

      APARTMENT HOUSE (5+ UNITS) • 16,262 SF
      44 High St, Pottstown, PA 19464-5427
      View Details
    • Value Estimation
      $4,215,000
      36,960 SF

      1431 Maple St

      APARTMENT HOUSE (5+ UNITS) • 36,960 SF
      1431 Maple St, Pottstown, PA 19464-5044
      View Details
    • Value Estimation by Request
      7,841 SF

      2248 Sanatoga Sta Rd

      APARTMENT HOUSE (5+ UNITS) • 7,841 SF
      2248 Sanatoga Sta Rd, Pottstown, PA 19464-3246
      View Details
    • Value Estimation
      $705,000
      6,150 SF

      1000 Queen St

      APARTMENT HOUSE (5+ UNITS) • 6,150 SF
      1000 Queen St, Pottstown, PA 19464-5871
      View Details
    • Value Estimation
      $685,000
      7,941 SF

      285 Grace St

      APARTMENT HOUSE (5+ UNITS) • 7,941 SF
      285 Grace St, Pottstown, PA 19464-3969
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,804 SF

      Pottstown Investment Opportunity: Pub & Apartments

      Turn-key bar/restaurant with apartments and commercial space for sale.
      978 E High St, Pottstown, PA 19464
      View Details
    • $215,000
      1,785 SF

      Pottstown Duplex: Investor Opportunity

      Duplex in Pottstown with rental income potential.
      114 Walnut St, Pottstown, PA 19464
      View Details
    • $285,000
      2,076 SF

      Pottstown Duplex: Investment Opportunity

      Tenant-occupied duplex in Pottstown with immediate rental income.
      164 N Evans St, Pottstown, PA 19464
      View Details
    • $239,900
      1,813 SF

      Pottstown Investment Property For Sale

      Three-unit investment property with income potential in Pottstown, PA.
      33 Beech St, Pottstown, PA 19464
      View Details
    • $250,000
      1,383 SF

      Well-Maintained Duplex with Income Potential

      Duplex with potential $2,100/month rental income, close to amenities.
      352 Beech St, Pottstown, PA 19464
      View Details
    • $328,000
      0.11 Acres

      Versatile Live/Work Pottstown Property

      Mixed-use property offering live/work or live/rent opportunities.
      535 E High St, Pottstown, PA 19464
      View Details

    Similar Nearby for Lease

    • $1,300 /Mo

      Updated Apartment Near Pottstown School

      Charming 2-bedroom apartment with backyard access, convenient location.
      524 N Franklin St St, Pottstown, PA 19464
      View Details
    • Contact for pricing

      Sanatoga Retail Space Available

      Retail spaces available, ranging from 1 to 87,120 SqFt.
      300 Armand Hammer Blvd, Sanatoga, PA 19464
      View Details
    • Contact for pricing
      1,860 SF

      Retail Space in Downtown Pottstown

      Retail space for lease in downtown Pottstown with drive-in door.
      133 E High St, Pottstown, PA 19464
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Community Center

      Retail space available within a community shopping center.
      1300 N Charlotte St, Pottstown, PA 19464
      View Details
    • Contact for pricing
      46,153 SF

      Pottstown Industrial Space with Cranes

      46,153 SF industrial space featuring cranes and multiple loading.
      449 Old Reading Pike, Pottstown, PA 19464
      View Details
    • Contact for pricing

      Retail Space For Lease

      Approximately 1,860 SF retail space available for lease.
      207 E High St, Pottstown, PA 19464
      View Details
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    56 Charlotte St
    Pottstown, PA 19464-5905
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    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
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    56 Charlotte St, Pottstown, PA, 19464
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