Medical Office Condominium
1829 New Holland Rd Reading, PA 19607
New
For Sale
$378,000
Office condominium suite with reception, multiple exam rooms, two bathrooms, and central HVAC in a professionally served center.
Property Size1,382 SF
Price / SF$273.52
Days on Market3
Property Features for 1829 New Holland Rd
General Information
- Standard status
- Active
- Size
- 1,382 SF
Building Details
- Year Built
- 1998
Listing Agency:
Coldwell Banker Realty
(610) 373-9900
Listed By:
Pabel Alexis Reyes Polanco
Source:
Kandorre
Added: Jul 21
Changed: Jul 23
Last Checked: Jul 23 at 2:54AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This office condominium suite totals 1,382 square feet and is configured as two separate units combined into one larger space. The layout includes a reception area with a reception office, a hallway, and a main office. The space also features three exam rooms, with a sink in each exam room, plus two bathrooms and a small kitchen area. Additional storage space is available throughout.
The property is located in Kenhorst Village Professional Center at 1829 New Holland Rd in Reading, PA, and is positioned for convenient access with plenty of parking and public traffic.
Mechanically, the suite has natural gas heat and electric central air conditioning. Water and sewer are included in the monthly condo fee of $433.34. The property is currently used as a urology office and may also be suitable for other professional office use based on its exam-room and office configuration.
The property is located in Kenhorst Village Professional Center at 1829 New Holland Rd in Reading, PA, and is positioned for convenient access with plenty of parking and public traffic.
Mechanically, the suite has natural gas heat and electric central air conditioning. Water and sewer are included in the monthly condo fee of $433.34. The property is currently used as a urology office and may also be suitable for other professional office use based on its exam-room and office configuration.
Key Highlights
- Office condominium suite built in 1998 with 1,382 SF of office space
- Suite includes reception area, reception office, hallway, main office, and multiple exam rooms
- 3 exam rooms plus two bathrooms and a small kitchen area
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.9k | $12.96 |
| − Vacancy | −$2.5k | −$1.79 |
| EGI | $15.4k | $11.17 |
| − OpEx | −$3.9k | −$2.79 |
| NOI | $11.6k | $8.38 |
1,382 SF · lease $12.96/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$165.4K
$144.7K – $193.0K
NOI $11,579 @ 7.0% cap · market cap 3.06%
Second Best
Healthcare Medical
$164.4K
$143.8K – $191.8K
NOI $11,505 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$226.9K
$198.5K – $264.7K
NOI $15,881 @ 7.0% cap · market cap 4.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Turgeon Engineering Inc
Engineer
Jessica Parkes, MS
Physician
Contemporary Insurance, Inc.
Insurance Agency
Dr. Scott A. Horner, ...
Physician
Urologists
Medical Clinic
Similar Off Market Nearby
- VIP Petcare Wellness Center — 538 Lancaster Ave, Shillington, PA 19607
FAQs
What type of property is this?
Medical Office Space - Office condominium suite with reception, multiple exam rooms, two bathrooms, and central HVAC in a professionally served center.
Where is this medical office space located?
The property is located at 1829 New Holland Rd Reading, PA.
What is the asking price?
The asking price for this property is $378,000.
What are key features of this property?
This property features: Office condominium suite built in 1998 with 1,382 SF of office space; Suite includes reception area, reception office, hallway, main office, and multiple exam rooms; 3 exam rooms plus two bathrooms and a small kitchen area
