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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Turn key restaurants
5600 Perkiomen Ave Reading, PA 19606-3682
Individually Owned
17-yr Hold
Free & Clear
Property ID
US73-1210767
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2007
Total area
6,335 SF
Lot
6.22 ac (270,943 SF)
APN
5335-09-16-3671
UPID
US73-1210767
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$757k
Blend (final)
Blend
$605k
Owner & transaction history
Pad Shelbourne · 17 yrs held
Pad Shelbourne
since 2009
7 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
Method
Estimation
Statistic approach
by Request
ML approach
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$845,000
Current use
Blend value · Realmo final
$605k
Range $545k – $666k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$96 / SF
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
$17,097
Tax year 2024
Assessed value
$1,337,800
Assessed 2024
Previous assessed
$1,337,800
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$697,200
Assessed improvement
$640,600
Land market value
$697,200
Improvement market value
$640,600
Total market value
$1,337,800
Applied tax rate
43.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Total area
6,335 SF
Lot
6.22 ac (270,943 SF)
APN
5335-09-16-3671
UPID
US73-1210767
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$845,000
RESTAURANT Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Stories
1
Lot
6.22 ac
Current owner
From public records · entity-resolved
Pad Shelbourne
Individual
Free & Clear · 17 yrs held
Mailing address
6 E 45TH ST RM #801, NEW YORK, NY 10017-2493
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2017
—
Rose Casual Dining LP
—
Deed
related
$175,000 · Bank Of America
May 11, 2016
—
Shelbourne Square Associates LP
—
Deed
related
$14,000,000 · Td Bank NA
Aug 17, 2012
—
Rose Casual Dining LP
—
Deed Of Trust
related
$175,000,000 · Bank Of America
Apr 22, 2009
—
Pad Shelbourne
Shelbourne Pad
Quit Claim Deed
related
—
Sep 14, 2006
—
Rose Casual Dining
—
Deed Of Trust
related
$10,000,000 · Bank Of America
—
—
Shelbourne Square Associates L
—
Deed Of Trust
related
$14,000,000 · Td Bk NA
—
—
Rose Casual Dining LP
—
Deed Of Trust
related
$175,000 · Bank Of America
—
—
Rose Casual Dining
—
Deed Of Trust
related
$115,000 · Bank Of America
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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