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    Property profile & analytics

    723 Penn Ave West Reading, PA 19611-1005

    • Investment properties
    • 4,044 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $310,000
    Last Sale
    Mar 04, 2020
    $260,000
    Location Intelligence
    Property ID
    US73-2741402
    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

    • Love West Reading BnB / Bed & Breakfast
    • Texture Curl Bar / Hair Salon

    Property Details for 723 Penn Ave

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.08 lot acres
    Property size
    4,044 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    5307-17-00-9401
    APU
    530717009401

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $370,000
      6.5%
      $345,000
      7%
      $375,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $335,000
      Geo Method
      $405,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $305,000
      Retail
      $345,000
      Mixed-Use
      $330,000
      Hospitality
      $325,000
      Educational
      $405,000
      Residential Income
      $360,000
      Energy
      $330,000
      Income-Based Land
      $400,000
      Food Service
      $405,000

    Location Insight

    • Map
    • Local Demand
    City
    West Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9528
    Latitude
    40.3363
    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
    $2,027
    $52,000
    $42,500
    $94,500
    -
    $52,000
    $42,500
    $94,500

    Comparable in this City

    • Value Estimation
      $305,000
      3,740 SF

      604 Penn Ave

      STORE/OFFICE (MIXED USE) • 3,740 SF
      604 Penn Ave, West Reading, PA 19611-1004
      View Details
    • Value Estimation
      $270,000
      2,895 SF

      528 Penn Ave

      STORE/OFFICE (MIXED USE) • 2,895 SF
      528 Penn Ave, West Reading, PA 19611-1036
      View Details
    • Value Estimation
      $405,000
      3,092 SF

      643 Penn Ave

      STORE/OFFICE (MIXED USE) • 3,092 SF
      643 Penn Ave, Reading, PA 19611-1003
      View Details
    • Value Estimation
      $240,000
      3,420 SF

      717 Penn Ave

      STORE/OFFICE (MIXED USE) • 3,420 SF
      717 Penn Ave, West Reading, PA 19611-1005
      View Details
    • Value Estimation
      $545,000
      4,234 SF

      701 Penn Ave

      STORE/OFFICE (MIXED USE) • 4,234 SF
      701 Penn Ave, West Reading, PA 19611-1016
      View Details
    • Value Estimation by Request
      2,584 SF

      20 6th Ave

      STORE/OFFICE (MIXED USE) • 2,584 SF
      20 6th Ave, West Reading, PA 19611-1014
      View Details

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      Retail Space in West Reading

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    723 Penn Ave
    West Reading, PA 19611-1005
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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