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Property profile & analytics
OFF-MARKET
Estimated value
$3,740,000
Retail space
801 Hiesters Ln Reading, PA 19605-3034
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-0575498
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
32,275 SF
Lot
4.8 ac (209,088 SF)
APN
5308-76-91-5406
UPID
US73-0575498
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
Current use
Occupant on record · Public records
-
KC's StrikeZone Pro Shop (Bike/Boat/Book/etc) Store Bowling Alley
-
Hiester Lanes Bowling Alley
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.74M
CAP Approach
CAP
$5.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.74M
Owner & transaction history
Bowlero Reading LLC · 2 yrs held
Bowlero Reading LLC
since 2024
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.3M
+182.0%
Warehouse, storage
$5.0M
+166.0%
Restaurant
$4.3M
+126.6%
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
$3,740,000
ML approach
$3,740,000
CAP Approach
CAP Return
Estimation
6%
$5,455,000
6.5%
$5,035,000
7%
$4,675,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,345,000
Change: +182% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,045,000
Change: +166% · Conversion: Difficult
RESTAURANT
$4,295,000
Change: +127% · Conversion: Easy
OFFICE BUILDING
$3,245,000
Change: +71% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,040,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$3.74M
Range $3.37M – $4.11M · ±10% · vs last sale $3.74M (May 13 2024)
Last sale anchor
$3.74M
May 13 2024
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
$116 / 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
$21,502
Tax year 2024
Assessed value
$812,200
Assessed 2024
Previous assessed
$812,200
+0.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$535,300
Assessed improvement
$276,900
Land market value
$535,300
Improvement market value
$276,900
Total market value
$812,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Heating
NONE
Stories
1
Total area
32,275 SF
Lot
4.8 ac (209,088 SF)
APN
5308-76-91-5406
UPID
US73-0575498
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
MEDICAL BUILDING
Est. value
$5.3M
WAREHOUSE, STORAGE
Est. value
$5.0M
RESTAURANT
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.0M
MEDICAL BUILDING
WAREHOUSE, STORAGE
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1965
Heating
NONE
Stories
1
Lot
4.8 ac
Current owner
From public records · entity-resolved
Bowlero Reading LLC
Entity
Mailing address
222 W 44TH ST, NEW YORK, NY 10036-3906
Ownership since
2024
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
May 13, 2024
$2,038,622
Bowlero Reading LLC
V Bowl Reading LLC
Gift Deed
related
—
May 13, 2024
—
Bowlero Reading LLC
V Bowl Reading LLC
Deed
related
—
Oct 26, 2023
$3,741,014
V Bowl Reading LLC
Bowlero Reading LLC
Special Warranty Deed
—
Aug 10, 2021
$1,528,580
Bowlero Reading LLC
Chb Sports INC
Deed
—
Oct 15, 2008
—
Chb Sports INC
—
Deed Of Trust
related
$9,446,472 · Fulton Bank
Aug 20, 2008
$300,000
Chb Sports INC
Amf Bowling Centers INC
Grant Deed
—
—
—
Amf Bowling Centers INC
—
Deed Of Trust
related
$175,000 · Credit Suisse First Boston
—
—
Amf Bowling Centers INC
—
Deed Of Trust
related
$350,000,000 · Bankers Tr
—
—
Chb Sports INC
—
Deed Of Trust
related
$678,416 · Fulton 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.
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