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Property profile

701 Ctr Ave Reading, PA 19601

OFF-MARKET
Investment properties
Property ID
US73-1241011
10,837 SF 0.73 ac lot Built 1905
Entity Owned 4-yr Hold Free & Clear

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1905
Total area 10,837 SF
Lot 0.73 ac (31,799 SF)
APN 5307-58-74-2207
UPID US73-1241011

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$502k
Blend (final) Blend
$700k

Owner & transaction history

since 2022
Last sale
$475,000
1 recorded transaction
2022
$475,000

Zoning & alternative use

Top alternative use upside
Warehouse, storage $710,000 +41.2%
Industrial (general) $550,000 +9.0%
Retail stores $515,000 +3.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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