Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical Office Space Available Title is generated by Realmo AI

    5 HEARTHSTONE COURT 102, Reading, PA 19606

    View on Map
    Claim this Listing
    For Lease
    $10 SF/Yr

    Former dentist office with multiple suites available for rent.

    Type:Rental
    Lot size:
    2.39 Acres
    Added:
    Feb 16, 2024
    Days on Market:
    836
    Last Refresh:
    May 20 at 12:49 am

    Property Features for 5 HEARTHSTONE COURT 102

    General Information

    Standard status
    Active
    Lot size
    2.39 Acres
    Property subtype
    Rental

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    Kent E Wrobel
    Kent E Wrobel

    Listing agent Kent E Wrobel License #AB067831

    Listing office RE/MAX Of Reading

    Listing date Feb 16, 2024

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Of Reading

    HighLights

    • ADA parking and access with automatic sliding door.
    • Close proximity to public transportation and major highways.
    • Multiple suites available (104, 204, 206) offering flexible space options.
    • Suite 206: 1,674 SF with multiple offices, open area, and two ADA restrooms.
    • Suite 101 (former dentist office): Includes waiting area, assistant's station, three patient rooms, and interior restroom.
    • Year Built: 2000

    Overview

    This property features a former dentist's office, including a waiting area, an assistant's station, three patient rooms, and an interior restroom. The rear of the building offers ADA parking and access via an automatic sliding door. Three additional suites are available. Suite 104 includes an office, an open area suitable for cubicles, a kitchenette, and two restrooms. Suite 204 features two offices, a large conference room that could be converted into two offices, and an ADA restroom. Suite 206 provides 1,674 square feet of space with multiple offices, an open area with a half wall wired for telephone and internet, and two ADA restrooms. The property is located close to public transportation and offers access to major highways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Morelli Elizabeth K Law Firm Henley Kevin Financial Advisor Aveanna Healthcare Employment Agency Malak Timothy M ... Physician Pediatric Psychology Center Crisis Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Petco Vaccination Clinic — 4607 Perkiomen Ave, Reading, PA 19606
    • Vetco Total Care Animal Hospital — 4607 Perkiomen Ave, Reading, PA 19606
    • Vetco mobile veterinarian at Petco — Reading, PA 19606

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.872713
    Latitude
    40.309132

    Nearby Similar for Lease

    • $700/Mo
      800 SF

      Renovated Downtown Office Spaces Available

      Varied office spaces in renovated building with on-site parking.
      108 S 5th Street, Reading City, PA 19602
      View Details
    • $500/Mo
      800 SF

      Renovated Downtown Office Spaces Available

      Individual office spaces for rent in renovated downtown building.
      108 S 5th Street, Reading City, PA 19602
      View Details
    • $2,500/Mo
      2,800 SF

      Downtown Reading Office Suite

      Well-located office suite in historic downtown Reading building.
      11 N 5TH Street, READING, PA 19601
      View Details
    • $1,200/Mo
      800 SF

      Renovated Downtown Office Spaces Available

      Individual office spaces for rent in a renovated multi-tenant building.
      108 S 5th Street, Reading City, PA 19602
      View Details
    • $2,300/Mo

      Restaurant Space in READING, PA

      Restaurant space available for lease in Mt Penn, READING.
      232 CARSONIA Avenue, READING, PA 19606
      View Details
    • $6,500/Mo

      Versatile Commercial Building with Greenhouse

      8,000 sq ft commercial building with optional 5,000 sq ft greenhouse.
      3801-R PERKIOMEN Avenue, READING, PA 19606
      View Details
    • $2,200/Mo

      Versatile Commercial Space in Reading

      First-floor suite suitable for retail, office, or flex space.
      804 FRANKLIN Street, READING, PA 19602
      View Details
    • $17 SF/Yr
      68,000 SF

      Downtown Reading Professional Office Building

      68,000+/- sq ft office building in downtown Reading, PA.
      19 N 6TH Street, READING, PA 19601
      View Details
    • $1,000/Mo

      Updated Office Space in Reading

      Well-maintained commercial office space in a desirable historic district.
      55 S 6TH Street, READING, PA 19602
      View Details
    • $400/Mo

      Versatile Space in Reading City

      Adaptable commercial space available for hourly or event-based rental.
      108 S 5th Street, Reading City, PA 19602
      View Details
    • $695/Mo

      Prime Commercial Space in Reading

      Commercial property in downtown Reading, ideal for offices or retail.
      3 N 5TH Street, READING, PA 19601
      View Details
    • Sponsored
      $129-$5,266/Mo
      11-1,292 SF

      PA, Reading - Lancaster Pike

      2395 Lancaster Pike, Unit 1ST, Reading, PA 19607
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Former dentist office with multiple suites available for rent.
    Where is this medical office space located?
    The property is located at 5 HEARTHSTONE COURT 102 Reading, PA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: ADA parking and access with automatic sliding door.; Close proximity to public transportation and major highways.; Multiple suites available (104, 204, 206) offering flexible space options.
    (610) 670-2770
    We can help!
    Listing Contact
    Kent E Wrobel
    Kent E Wrobel
    Real Estate License ID: AB067831
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5 HEARTHSTONE COURT 102, READING, PA 19606
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!