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    Property profile & analytics

    904 Penn Ave Reading, PA 19610

    • Investment properties
    • 5,323 SF
    • 0.11 lot acres
    For Sale
    View listing
    $699,000
    Value Estimation
    Location Intelligence
    Property ID
    US73-0486254
    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

    • Mobilex USA / X-Ray Lab
    • EverStaff / Employment Agency
    • Wyomissing Chiropractic Center / Chiropractor
    • Jeffrey L. Hill, D.C. / Chiropractor

    Property Details for 904 Penn Ave

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.11 lot acres
    Property size
    5,323 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    4397-20-90-9084
    APU
    439720909084

    Description

    This exceptional two-story medical office building, located at 904 Penn Ave in Wyomissing, Pennsylvania, presents a unique leasing opportunity. The property, boasting 3,500 total square feet, is classified as a Class B building and was constructed in 1920. Currently, there is 1,250 square feet of office space immediately available for lease, ideal for a variety of medical practices. The building sits on a 0.11-acre lot and is zoned C1, offering convenient access and ample parking with 5 spaces available. The building features multiple tenancies, providing a dynamic and collaborative environment. Its central Wyomissing location (zip code 19610) offers easy access to major roadways and a thriving community. The property's APN is 96-4397-20-90-9084, and it is situated in Berks County. This well-established building provides a solid foundation for a growing medical practice, offering a blend of historical charm and modern functionality. The available space is ready for immediate occupancy, presenting a rare opportunity to establish or expand your medical practice in a desirable location. Inquire today to learn more about this exceptional leasing opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $290,000
      6.5%
      $310,000
      7%
      $280,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $275,000
      Geo Method
      $275,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $275,000
      Retail
      $280,000
      Mixed-Use
      $330,000
      Hospitality
      $320,000
      Educational
      $305,000
      Residential Income
      $355,000
      Energy
      $260,000
      Income-Based Land
      $310,000
      Food Service
      $345,000

    Location Insight

    • Map
    • Local Demand
    City
    Wyomissing
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9561
    Latitude
    40.3353
    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
    $2,355
    $65,700
    $105,600
    $171,300
    -
    $65,700
    $105,600
    $171,300

    Comparable in this City

    • Value Estimation by Request
      3,910 SF

      26 Reading Ave

      STORE/OFFICE (MIXED USE) • 3,910 SF
      26 Reading Ave, Wyomissing, PA 19610-2036
      View Details
    • Value Estimation by Request
      3,568 SF

      944 Penn Ave

      STORE/OFFICE (MIXED USE) • 3,568 SF
      944 Penn Ave, Wyomissing, PA 19610-3017
      View Details
    • Value Estimation by Request
      3,417 SF

      922 Penn Ave

      STORE/OFFICE (MIXED USE) • 3,417 SF
      922 Penn Ave, Wyomissing, PA 19610-3017
      View Details
    • Value Estimation
      $240,000
      3,488 SF

      937 Penn Ave

      STORE/OFFICE (MIXED USE) • 3,488 SF
      937 Penn Ave, Wyomissing, PA 19610-3018
      View Details
    • Value Estimation by Request
      3,059 SF

      943 Penn Ave

      STORE/OFFICE (MIXED USE) • 3,059 SF
      943 Penn Ave, Wyomissing, PA 19610-3018
      View Details
    • Value Estimation by Request
      3,296 SF

      1127 Penn Ave

      STORE/OFFICE (MIXED USE) • 3,296 SF
      1127 Penn Ave, Wyomissing, PA 19610-2033
      View Details

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    904 Penn Ave
    Reading, PA 19610
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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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