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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Warehouses
721 Carsonia Ave Reading, PA 19606-1215
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-5510611
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1920
Construction
FRAME
Total area
3,128 SF
Lot
0.33 ac (14,375 SF)
APN
5327-17-11-0406
UPID
US73-5510611
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
-
Maverick Pub & Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
$465k
Comparable Approach
Comparable
$330k
Blend (final)
Blend
$505k
Owner & transaction history
Klingers Pubs Ltd · 1 yrs held
Klingers Pubs Ltd
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$520,000
+159.3%
Office building
$315,000
+57.3%
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
$525,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
$505,000
6.5%
$465,000
7%
$430,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$520,000
Change: +159% · Conversion: Difficult
OFFICE BUILDING
$315,000
Change: +57% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$161 / 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
$3,924
Tax year 2024
Assessed value
$209,900
Assessed 2024
Previous assessed
$209,900
+0.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$57,200
Assessed improvement
$152,700
Land market value
$57,200
Improvement market value
$152,700
Total market value
$209,900
Applied tax rate
23.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
NONE
Buildings
2
Stories
2
Units
1
Total area
3,128 SF
Lot
0.33 ac (14,375 SF)
APN
5327-17-11-0406
UPID
US73-5510611
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
MEDICAL BUILDING
Est. value
$520,000
OFFICE BUILDING
Est. value
$315,000
MEDICAL BUILDING
OFFICE BUILDING
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
1920
Construction
FRAME
Heating
NONE
Stories
2
Buildings
2
Units
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Klingers Pubs Ltd
Individual
Mailing address
800 ALLEN AVE, READING, PA 19605-3219
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2024
—
Klingers Pubs Ltd
Nikolaos Bozakis
Deed
—
Jun 28, 2023
$500,000
Nikolaos Bozakis
Klingers Pubs Ltd
Deed
$500,000 · Klingeis Pubs Ltd
Feb 14, 2017
—
Klingers Pubs Ltd
—
Deed
related
$264,000 · Vist Financial
Feb 9, 2017
—
Klingers Pubs Ltd
—
Deed
related
$50,000 · Vist Financial
Feb 1, 2010
$229,999
Klingers Pubs Ltd
Vist Bk
Grant Deed
$227,500 · Susquehanna Bank
Mar 26, 2009
$2,100
Vist Bank
Sheriff Of Berks County
Trustees Deed
related
—
Aug 31, 2007
$400,000
Clemjay LLC
Reinert,charles H SR & Janet N
Grant Deed
$280,000 · Leesport Bank
Nov 15, 2000
$125,000
Reinert,charles H SR & Janet N
Berry,lee
Grant Deed
$165,000 · Bernville Bk
—
—
Charles H Reinert SR.
—
Deed Of Trust
related
$335,000 · National Penn Bank
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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