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    Property profile & analytics

    Penn Ave Reading, PA 19608

    • Drive through restaurants
    • 0.58 lot acres
    OFF-MARKET
    Value Estimation
    $895,000
    Last Sale
    Sep 06, 2022
    $730,000
    Location Intelligence
    Property ID
    US73-4097065
    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

    • Drive through restaurants

    Property Details for Penn Ave

    Lot size
    0.58 lot acres
    Property type
    Drive through restaurants
    APN
    4376-12-96-3397-001
    APU
    437612963397001

    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
    -76.0304
    Latitude
    40.3264
    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
    $1,899
    $97,300
    $13,500
    $110,800
    -
    $97,300
    $13,500
    $110,800

    Comparable in this City

    • Value Estimation
      $525,000
      3,025 SF

      4820 Penn Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,025 SF
      4820 Penn Ave, Sinking Spring, PA 19608-8601
      View Details
    • Value Estimation by Request
      8,272 SF

      4741 Penn Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 8,272 SF
      4741 Penn Ave, Sinking Spring, PA 19608-9708
      View Details
    • Value Estimation
      $310,000
      2.32 Acres

      Penn Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2.32 Acres
      Penn Ave, Reading, PA 19608
      View Details
    • Value Estimation
      $1,020,000
      3.05 Acres

      Penn Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3.05 Acres
      Penn Ave, Reading, PA 19608
      View Details
    • Value Estimation
      $450,000
      0.99 Acres

      4850 Penn Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.99 Acres
      4850 Penn Ave, Sinking Spring, PA 19608-8601
      View Details
    • Value Estimation
      $745,000
      1.81 Acres

      Penn Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1.81 Acres
      Penn Ave, Reading, PA 19608
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Retail Space in Shillington Plaza

      Retail space available in shopping center anchored by Lowe’s.
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      Prime Retail Space in Reading

      Exceptional leasing opportunity with ample parking and easy access.
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      Retail Space in Sinking Spring

      Retail space available in a modern neighborhood shopping center.
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      Retail Space in Sinking Spring

      Retail space available in a modern neighborhood shopping center.
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      Retail Space with Open Floorplan

      Well-maintained retail space featuring an open floor plan.
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    • $2,495 /Mo
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      Modern Office Space For Lease

      Modern office space with suburban feel and convenient commute.
      5 Lower Level, Reading, PA 19608
      View Details
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    Penn Ave
    Reading, PA 19608
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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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