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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Bars & Pubs
744 Franklin St Reading, PA 19602-1145
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-2195389
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1912
Total area
17,784 SF
Lot
0.12 ac (5,227 SF)
APN
5306-28-99-4513
UPID
US73-2195389
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$924k
Blend (final)
Blend
$685k
Owner & transaction history
The Cargo Group Of America LLC · 1 yrs held
The Cargo Group Of America LLC
since 2025
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$665,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $700k (Feb 3 2025)
Last sale anchor
$700k
Feb 3 2025
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
$39 / 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
$2,062
Tax year 2024
Assessed value
$77,900
Assessed 2024
Previous assessed
$77,900
+0.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$18,000
Assessed improvement
$59,900
Land market value
$18,000
Improvement market value
$59,900
Total market value
$77,900
Applied tax rate
1.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1912
Heating
NONE
Stories
3
Total area
17,784 SF
Lot
0.12 ac (5,227 SF)
APN
5306-28-99-4513
UPID
US73-2195389
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
Building & site characteristics
From public records
Year built
1912
Heating
NONE
Stories
3
Lot
0.12 ac
Current owner
From public records · entity-resolved
The Cargo Group Of America LLC
Entity
Mailing address
477 COLONIAL RD, RIDGEWOOD, NJ 07450-3425
Ownership since
2025
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
Sep 17, 2025
—
The Cargo Group Of America LLC
—
Deed
related
$501,607 · 744 Franklin Street Properties LLC A Pen
Feb 3, 2025
$700,000
The Cargo Group Of America LLC
744 Franklin Street Properties LLC
Special Warranty Deed
$900,000 · Goldsmith Investment Group LLC
May 20, 2022
—
9 & 11 LLC
—
Deed
related
$130,000 · Mjd Developments Ltd
Nov 10, 2021
$143,000
744 Franklin Street Properties LLC
Avs7a LLC
Deed
—
Dec 14, 2020
$85,000
Avsta LLC
Jose Cuzco
Grant Deed
—
Mar 22, 2016
$85,000
Elvia T Cuzco
Casa Blanca De Reading LLC
Grant Deed
—
Jul 10, 2014
$35,000
Blanca De Reading Casa
Sereny,david M
Grant Deed
—
Aug 15, 2005
$130,000
David M Sereny
315 North Front Associates LLC
Deed
$1,000,000 · Harleysville National Bank & Trust
Dec 27, 2004
$75,000
315 North Front Associates LLC
Sedlacek,jarold J
Grant Deed
—
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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