Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

722 Spring St Reading, PA 19604

FOR LEASE
Other warehouses
Property ID
US73-0575002
23,811 SF 0.41 ac lot Built 1928
Last sale Feb 2024 · $440,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

A concrete-and-steel commercial building configured for vehicle-oriented use, featuring a drive-up garage with capacity for approximately 86+ vehicles and about 3,000 square feet of combined office and retail space. The property is situated at the corner of Spring and Nichols Streets in Reading and falls within the city’s Manufacturing Commercial (MC) zoning district, which allows a range of uses including auto-related businesses, body shop, storage, salvage, and scrap operations. The building…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$2k
Tax billed · 2024
Assessed value$69k
Assessed land$34k
Assessed improvement$35k
Effective rate2.65%

Value estimate

· Oct 2026
$440k
$396k – $484k
AI approach$440k
NOI build-up
Gross scheduled income$518k
Vacancy & credit loss−$72k
Operating expenses−$112k
NOI · 8,819.63% cap applied$335k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$64/SF
Submarket average, outlier-cleaned · 131 recorded sales of this use type
Observed band · Q1–Q3$26 – $106

Cap rate analysis

How does the asset earn?
8,819.63%
$335k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBERKS

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency30.1
Dental Office21.8
HVAC Service13.7

Location

722 Spring St Reading, PA 19604
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1015 Rockland, Reading, PA 19604-1520 $2,700,000 Dec 2024 21,140 SF
528 Moss, Reading, PA 19604-2709 $91,000 Nov 2024 10,000 SF
1102 Nicolls, Reading, PA 19604-2280 $530,000 Apr 2024 5,616 SF
1014 Windsor, Reading, PA 19604 $150,000 May 2023 40,000 SF
1630 9th, Reading, PA 19604-1703 $2,150,000 Apr 2023 53,614 SF
1125 Moss, Reading, PA 19604 $450,000 Oct 2022 53,100 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again