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Property profile & analytics
OFF-MARKET
Estimated value
$7,740,000
Warehouses
Berkley Rd Shoemakersville, PA 19555
Individually Owned
Free & Clear
Property ID
US73-3857606
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1934
Total area
62,643 SF
Lot
1031.44 ac (44,929,526 SF)
APN
5401-00-60-9178-001
UPID
US73-3857606
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
by Request
CAP Approach
CAP
$6.83M
Comparable Approach
Comparable
$7.38M
Blend (final)
Blend
$7.74M
Owner & transaction history
CITY READING WATER BUREAU
CITY READING WATER BUREAU
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.1M
+128.9%
Auto repair, garage
$6.7M
+52.2%
Office building
$6.1M
+38.6%
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 Shoemakersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shoemakersville 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
by Request
CAP Approach
CAP Return
Estimation
6%
$7,395,000
6.5%
$6,830,000
7%
$6,340,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$10,075,000
Change: +129% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,700,000
Change: +52% · Conversion: Easy
OFFICE BUILDING
$6,100,000
Change: +39% · Conversion: Difficult
RESTAURANT
$5,600,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$7.74M
Range $6.97M – $8.51M · ±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
$124 / 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
Assessed value
$35,940,600
Assessed 2024
Previous assessed
$35,940,600
+0.0% YoY
Assessed land
$280,500
Assessed improvement
$35,660,100
Land market value
$280,500
Improvement market value
$35,660,100
Total market value
$35,940,600
Applied tax rate
68.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1934
Heating
NONE
Buildings
2
Stories
1
Total area
62,643 SF
Lot
1031.44 ac (44,929,526 SF)
APN
5401-00-60-9178-001
UPID
US73-3857606
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
$10.1M
AUTO REPAIR, GARAGE
Est. value
$6.7M
OFFICE BUILDING
Est. value
$6.1M
RESTAURANT
Est. value
$5.6M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
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
1934
Heating
NONE
Stories
1
Buildings
2
Lot
1031.44 ac
Current owner
From public records · entity-resolved
CITY READING WATER BUREAU
Individual
Free & Clear · 0 yrs held
Mailing address
N 8TH AT WASHINGTON ST, READING, PA 19601
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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