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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Manufacturing properties
642 8th St Reading, PA 19601-4113
Entity Owned
1-yr Hold
Free & Clear
Property ID
US73-2916278
Property summary
AI-generated overview
This fee-simple industrial property, located at 642 N 8th St, Reading, PA 19601, presents a unique owner-user opportunity. The 26,000 square foot warehouse, classified as Class C, sits on a 0.29-acre lot and boasts a permitted C-N Commercial zoning. Built in 1900, the property comprises four buildings across three stories, offering versatile space. The warehouse features a 12-foot ceiling height, one loading dock, and one dock-high door. The property includes a 2 1/2 story rowhome currently configured with first-floor office space and unfinished residential living quarters upstairs. This classic brick light manufacturing building is conveniently located within walking distance of downtown Reading's retail and commercial areas, presenting good potential for redevelopment or repurposing. The property is for sale by owner.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1900
Total area
33,264 SF
Lot
0.29 ac (12,632 SF)
APN
5307-60-94-3081
UPID
US73-2916278
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
-
Industrial Abrasives Co Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$870k
Blend (final)
Blend
$695k
Owner & transaction history
Cash Express Atms LLC · 1 yrs held
Cash Express Atms LLC
since 2025
2 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
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$21 / 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
$5,057
Tax year 2024
Assessed value
$191,000
Assessed 2024
Previous assessed
$191,000
+0.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$35,000
Assessed improvement
$156,000
Land market value
$35,000
Improvement market value
$156,000
Total market value
$191,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1900
Heating
NONE
Stories
3
Total area
33,264 SF
Lot
0.29 ac (12,632 SF)
APN
5307-60-94-3081
UPID
US73-2916278
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
1900
Heating
NONE
Stories
3
Lot
0.29 ac
Current owner
From public records · entity-resolved
Cash Express Atms LLC
Entity
Free & Clear · 1 yrs held
Mailing address
642 N 8TH ST, READING, PA 19601-4113
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2025
$355,000
Cash Express Atms LLC
Industrial Abrasives Co
Deed
—
—
—
M & S Acquisition Co INC
—
Deed Of Trust
related
$378,000 · National Penn Bk
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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