Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Parking lots & garages
79 Legacy Blvd Reading, PA 19608-2160
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-3613052
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2014
Construction
FRAME
Total area
23,040 SF
Lot
54.97 ac (2,394,493 SF)
APN
4388-04-80-4380
UPID
US73-3613052
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
$885k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$881k
Blend (final)
Blend
$885k
Owner & transaction history
Berks Construction Co INC · 11 yrs held
Berks Construction Co INC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+241.3%
Office building
$925,000
+162.4%
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
by Request
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,200,000
Change: +241% · Conversion: Difficult
OFFICE BUILDING
$925,000
Change: +162% · Conversion: Difficult
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
$38 / 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
$45,433
Tax year 2024
Assessed value
$3,009,900
Assessed 2024
Previous assessed
$3,009,900
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$699,100
Assessed improvement
$2,310,800
Land market value
$699,100
Improvement market value
$2,310,800
Total market value
$3,009,900
Applied tax rate
49.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2014
Construction
FRAME
Heating
NONE
Stories
4
Units
27
Total area
23,040 SF
Lot
54.97 ac (2,394,493 SF)
APN
4388-04-80-4380
UPID
US73-3613052
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
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$925,000
RETAIL STORES
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
2014
Construction
FRAME
Heating
NONE
Stories
4
Units
27
Lot
54.97 ac
Current owner
From public records · entity-resolved
Berks Construction Co INC
Entity
Mailing address
310 YORKTOWN PLZ, ELKINS PARK, PA 19027-1427
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2015
$52,000
Berks Construction Co INC
Legacy Papermill Assocs LP
Grant Deed
—
Oct 7, 2014
$52,000
Berks Construction Co INC
Legacy Papermill Assocs LP
Grant Deed
related
$1,250,000 · First Priority Bk
Aug 21, 2014
$52,000
Berks Construction Co INC
Legacy Papermill Associates LP
Grant Deed
$195,000 · Musser Properties LLC
Jun 18, 2014
$52,000
Berks Construction Co INC
Legacy Papermill Associates LP
Grant Deed
related
$1,250,000 · First Priority Bk
May 21, 2014
$52,000
Berks Construction Co INC
Legacy Papermill Associates LP
Grant Deed
related
$1,250,000 · First Priority Bk
Mar 31, 2014
$52,000
Berks Construction Co INC
Legacy Papermill Associates LP
Grant Deed
related
$1,250,000 · First Priority Bk
Feb 6, 2014
$52,000
Berks Construction Co INC
Legacy Papermill Associates LP
Grant Deed
$1,250,000 · First Priority Bk
Dec 26, 2013
$52,000
Berks Construction Co INC
Legacy Papermill Associates LP
Grant Deed
related
$1,250,000 · First Priority Bank
Sep 30, 2013
$52,000
Berks Construction INC
Legacy Papermill Associates LP
Grant Deed
related
$1,250,000 · First Priority Bank
Sep 6, 2013
$52,000
Berks Construction INC
Legacy Papermill Associates LP
Grant Deed
related
$1,250,000 · First Priority Bank
Aug 1, 2013
$52,000
Berks Construction INC
Legacy Papermill Assocs LP
Grant Deed
—
Jun 4, 2013
$52,000
Berks Construction Co INC
Legacy Papermill Associates LP
Grant Deed
$1,250,000 · First Priority Bank
Oct 25, 2012
—
Legacy Papermill Associates LP
—
Deed Of Trust
related
$7,500,000 · Manufacturers Traders & Trust
Jul 22, 2008
$52,000
Berks Construction INC
Legacy Papermill Assoc LP
Grant Deed
—
Jul 22, 2008
$1,000,000
Legacy Papermill Associates
Reading Paperboard Corp
Grant Deed
—
—
—
Papermill Assocs Legacy
—
Deed Of Trust
related
—
—
—
Legacy Papermill Associates LP
—
Deed Of Trust
related
$473,125 · Manufacturers & Traders Tr
—
—
Berks Construction Co INC
—
Deed Of Trust
related
$1,250,000 · First Priority Bk
—
—
Berks Construction Co INC
—
Deed Of Trust
related
$1,250,000 · First Priority 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.
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?”
You own 79 Legacy Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
