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    Property profile & analytics

    840 Lancaster Ave Reading, PA 19607-1673

    • Office buildings
    • 2,560 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    $225,000
    Location Intelligence
    Property ID
    US73-3232247
    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

    • Frankie Services LLC / Waste Management Service

    Property Details for 840 Lancaster Ave

    Year built
    1935
    Construction
    FRAME
    Lot size
    0.12 lot acres
    Property size
    2,560 SF
    Property type
    Office buildings
    APN
    5306-64-42-4767
    APU
    530664424767

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9405
    Latitude
    40.3151
    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
    $1,761
    $48,300
    $18,200
    $66,500
    -
    $48,300
    $18,200
    $66,500

    Comparable in this City

    • Value Estimation
      $615,000
      8,513 SF

      26 Lancaster Ave

      OFFICE BUILDING • 8,513 SF
      26 Lancaster Ave, Shillington, PA 19607-2649
      View Details
    • Value Estimation
      $500,000
      9,414 SF

      30 Lancaster Ave

      OFFICE BUILDING • 9,414 SF
      30 Lancaster Ave, Shillington, PA 19607-2632
      View Details
    • Value Estimation
      $435,000
      7,688 SF

      20 Lancaster Ave

      OFFICE BUILDING • 7,688 SF
      20 Lancaster Ave, Shillington, PA 19607-1885
      View Details
    • Value Estimation by Request
      2,304 SF

      200 Pennwyn Pl

      OFFICE BUILDING • 2,304 SF
      200 Pennwyn Pl, Reading, PA 19607-3245
      View Details
    • Value Estimation
      $385,000
      3,000 SF

      1829 New Holland Rd

      OFFICE BUILDING • 3,000 SF
      1829 New Holland Rd, Shillington, PA 19607-2229
      View Details
    • Value Estimation
      $250,000
      5,678 SF

      222 Kenhorst Blvd

      OFFICE BUILDING • 5,678 SF
      222 Kenhorst Blvd, Reading, PA 19607-1570
      View Details

    Similar Nearby for Sale

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      13,000 SF Office Building For Sale

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    • $130,000
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      Residential Building Lot in Reading

      One acre lot ready for new construction in established neighborhood.
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    Similar Nearby for Lease

    • $1,950 /Mo
      6,098 SF

      READING, PA Commercial Space Available

      First-floor commercial space in READING, PA, suitable for various businesses.
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      View Details
    • $13 SF/Yr
      6,100 SF

      Shillington Mixed-Use Property with Parking

      Mixed-use property with office space, apartments, and parking.
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      View Details
    • Contact for pricing
      3,777 SF

      Versatile Medical/Professional Office Space

      Surgical dental office space for rent with on-site parking.
      517 E Lancaster Ave, Reading, PA 19607
      View Details
    • $800 /Mo
      5,663 SF

      Shillington Office Space For Lease

      Office space for lease in Shillington with shared amenities.
      219 E Lancaster Ave, Shillington, PA 19607
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    • $1,000 /Mo

      Professional Office Space in Shillington

      Affordable office space with private entrance and parking.
      11 E Lancaster Ave, Shillington, PA 19607
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    • $3,500 /Mo
      14,810 SF

      Shillington Office Space Available

      First floor office space in prime Shillington location for lease.
      20 W Lancaster Ave, Reading, PA 19607
      View Details
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    840 Lancaster Ave
    Reading, PA 19607-1673
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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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