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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    56 Charlotte St Pottstown, PA 19464-5905

    • Apartment buildings
    • 12,720 SF
    • 0.62 lot acres
    OFF-MARKET
    Last Sale
    Dec 07, 2021
    $1,700,000
    Value Estimations
    $2,020,000
    Show details
    Cap Rate Potential
    7.8%
    Apartment buildings
    Location Intelligence
    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.

    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 valuation — 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
      $1,380,000
      10,452 SF

      742 Spruce St

      APARTMENT HOUSE (5+ UNITS) • 10,452 SF
      742 Spruce St, Pottstown, PA 19464-4638
      View Details
    • Value Estimation
      $1,195,000
      12,464 SF

      245 King St

      APARTMENT HOUSE (5+ UNITS) • 12,464 SF
      245 King St, Pottstown, PA 19464-9138
      View Details
    • Value Estimation
      $1,495,000
      20,904 SF

      214 Manatawny St

      APARTMENT HOUSE (5+ UNITS) • 20,904 SF
      214 Manatawny St, Pottstown, PA 19464-5260
      View Details
    • Value Estimation
      $840,000
      5,500 SF

      540 High St

      APARTMENT HOUSE (5+ UNITS) • 5,500 SF
      540 High St, Pottstown, PA 19464-7625
      View Details
    • Value Estimation by Request
      3,822 SF

      112 Charlotte St

      APARTMENT HOUSE (5+ UNITS) • 3,822 SF
      112 Charlotte St, Pottstown, PA 19464-5520
      View Details
    • Value Estimation
      $2,925,000
      29,584 SF

      25 Franklin St

      APARTMENT HOUSE (5+ UNITS) • 29,584 SF
      25 Franklin St, Pottstown, PA 19464-5668
      View Details

    Similar Nearby for Sale

    • $2,600,000
      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
    • $1,475,000
      10,400 SF

      Mixed-Use Commercial Property For Sale

      High-visibility property with retail, residential, and potential income sources.
      2933 E High St, Pottstown, PA 19464
      View Details
    • $895,000
      19,136 SF

      Pottstown Office Complex - Great ROI

      17-Unit Brick Office Building, High Occupancy
      100 Porter Rd, Pottstown, PA 19464
      View Details
    • $255,000
      1,544 SF

      Pottstown Duplex with Rooftop Deck

      Well-maintained duplex on corner lot with long-term tenants.
      1200 Queen St, Pottstown, PA 19464
      View Details
    • $328,900
      0.11 Acres

      Mixed-Use Building in Pottstown, PA

      Mixed-use property with offices and apartment in Pottstown, PA.
      535 E High St, Pottstown, PA 19464
      View Details
    • $269,900
      1,813 SF

      Pottstown Investment Property For Sale

      Three-unit multifamily property in Pottstown, PA with income potential.
      33 Beech 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
      73,239 SF

      Stowe Warehouse: 6,000 SF Available

      Prime Stowe warehouse space for lease. Ideal for various industrial uses.
      221 Monroe St, Stowe, PA 19464
      View Details
    • Contact for pricing
      29,135 SF

      Tri County Plaza Retail Center

      Pottstown, PA Retail Space Available
      204 Shoemaker Rd, Pottstown, PA 19464
      View Details
    • Contact for pricing
      60,575 SF

      Pottstown Industrial Flex Space

      60,575 SF flex/industrial space available for lease.
      1400 Industrial Hwy, Pottstown, PA 19464
      View Details
    • Contact for pricing
      2,405 SF

      Downtown Pottstown Retail Space Available

      Retail space in downtown Pottstown with high ceilings.
      213 E High St, Pottstown, PA 19464
      View Details
    • Contact for pricing
      4,283 SF

      Retail Space Near Upland Square

      Retail space available near Upland Square Shopping Center.
      908 Commerce Dr, 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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