First-Floor Office
For Sale
Contact for pricing
5 HEARTHSTONE COURT #104, Reading, PA 19606
Private and shared work areas are complemented by a kitchen and two ADA restrooms.
Property Size1,419 SF
Price / SF$0.01
Days on Market10
Property Features for 5 HEARTHSTONE COURT #104
General Information
Standard status
Active
Size
1,419 SF
Property subtype
Commercial
Additional Details
Floor
First Floor
Property Use
Office
Amenities
kitchen area
electronic automatic door
Building Details
Year Built
2000
Listing Agency:
RE/MAX Of Reading
Listed By:
Kent E Wrobel · License #AB067831
(610) 670-2770
Source:
Cummingsrealtors
Added: Oct 22
Changed: Oct 31
Last Checked: Oct 30 at 4:24PM
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
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Investment Insights
Based on property information with market context.
Suite 104 is a 1,419 SF first-floor office with a private office, open work area, kitchen, and two ADA restrooms. Rear access is served by an electronic automatic door, with ADA parking at the back of the building. The property was built in 2000.
Three other office suites are available. Suite 102 measures 1,293 SF and was previously used as a dental office. Suite 204 includes two offices, an ADA restroom, and a large conference room that can be divided into two offices. Suite 206 offers 1,674 SF, several offices, an open area with a half wall wired for telephone and internet, and two ADA restrooms.
Three other office suites are available. Suite 102 measures 1,293 SF and was previously used as a dental office. Suite 204 includes two offices, an ADA restroom, and a large conference room that can be divided into two offices. Suite 206 offers 1,674 SF, several offices, an open area with a half wall wired for telephone and internet, and two ADA restrooms.
Key Highlights
- Suite 104 offers 1,419 SF on the first floor
- Private office, open work area, kitchen, and two ADA restrooms in Suite 104
- Rear ADA parking and entry through an electronic automatic door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,889
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,780
$237.8K
Cap Rate 7%
$169,843
$169.8K
Cap Rate 9%
$132,100
$132.1K
Market Conditions
NOI Build-Up for 1,419 SF
Gross rent
$18.4K $12.96/SF
− Vacancy
−$2.5K −$1.79/SF
EGI
$15.9K $11.17/SF
− OpEx
−$4.0K −$2.79/SF
NOI
$11.9K $8.38/SF
Area
Berks County, PA
Vacancy
13.80%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,780
Cap Rate 7%
$169,843
Cap Rate 9%
$132,100
Alternative Uses
Best Use
Office B
$169.8K
$148.6K – $198.2K
NOI $11,889 @ 7.0% cap · market cap 118,890.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$232.9K
$203.8K – $271.8K
NOI $16,306 @ 7.0% cap · market cap 163,060.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Explore this area
Business Placement
Demographics for 19606, PA
35,153
Population
14,593
Households
2.4
Avg Household Size
42
Median Age
29%
College-Educated
93%
High-School Grad
26.7 sq mi
ZIP Area
1,317
Density / Sq Mi
$81,872
Median Household Income
$45,583
Median Earnings
$1,282
Median Rent
$229,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Private and shared work areas are complemented by a kitchen and two ADA restrooms.
Where is this office unit located?
The property is located at 5 HEARTHSTONE COURT #104 Reading, PA.
What are key features of this property?
This property features: Suite 104 offers 1,419 SF on the first floor; Private office, open work area, kitchen, and two ADA restrooms in Suite 104; Rear ADA parking and entry through an electronic automatic door
