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Property profile & analytics

722 Penn Ave West Reading, PA 19611-1006

  • Office buildings
  • 3,515 SF
  • 0.09 lot acres
OFF-MARKET
Value Estimation
$345,000
Last Sale
Oct 03, 2022
$325,000
Location Intelligence
Property ID
US73-2378067
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

  • Jesse Thomas / Financial Consultant
  • Theodore Mobile Lock & Key / Locksmith

Property Details for 722 Penn Ave

Year built
1920
Lot size
0.09 lot acres
Property size
3,515 SF
Property type
Office buildings
APN
5307-17-00-9118
APU
530717009118

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $360,000
  • CAP approach

    CAP return
    Estimation
    6%
    $330,000
    6.5%
    $360,000
    7%
    $310,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $315,000
    Geo Method
    $315,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $345,000
    Retail
    $300,000
    Mixed-Use
    $310,000
    Hospitality
    $360,000
    Educational
    $275,000
    Residential Income
    $305,000
    Energy
    $300,000
    Income-Based Land
    $370,000
    Food Service
    $355,000

Location Insight

  • Map
  • Local Demand
City
West Reading
County
Berks
State
Pennsylvania
Longitude
-75.9527
Latitude
40.3357
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
$2,254
$56,600
$48,500
$105,100
-
$56,600
$48,500
$105,100
More about this property
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