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    Property profile & analytics

    601 3rd St Reading, PA 19601-2816

    • Office buildings
    • 16,980 SF
    • 0.61 lot acres
    OFF-MARKET
    Value Estimation
    $375,000
    Last Sale
    Jan 18, 2022
    $310,000
    Location Intelligence
    Property ID
    US73-2360355
    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

    • Miguel Towing & Auto Repair LLC / Mechanic / Auto Repair Shop

    Property Details for 601 3rd St

    Year built
    1925
    Lot size
    0.61 lot acres
    Property size
    16,980 SF
    Property type
    Office buildings
    APN
    5307-66-63-8696
    APU
    530766638696

    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
    -75.931
    Latitude
    40.3448
    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
    $2,912
    $36,600
    $73,400
    $110,000
    -
    $36,600
    $73,400
    $110,000

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
      14,943 SF

      237 Ct St

      OFFICE BUILDING • 14,943 SF
      237 Ct St, Reading, PA 19601-3924
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    • Value Estimation by Request
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      142 11th St

      OFFICE BUILDING • 3,271 SF
      142 11th St, Reading, PA 19601-3707
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    • Value Estimation by Request
      60,292 SF

      51 5th St

      OFFICE BUILDING • 60,292 SF
      51 5th St, Reading, PA 19601
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    • Value Estimation by Request
      5,140 SF

      204 6th St

      OFFICE BUILDING • 5,140 SF
      204 6th St, Reading, PA 19601
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    • Value Estimation by Request
      5,030 SF

      223 6th St

      OFFICE BUILDING • 5,030 SF
      223 6th St, Reading, PA 19601-3307
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
      148,000 SF

      Downtown Reading Executive Suites

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    601 3rd St
    Reading, PA 19601-2816
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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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