Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    50 N 5th St Reading, PA 19601

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $15 SF/Yr

    Professionally managed office building with on-site parking in downtown Reading.

    Type:Office
    Property size:
    52,000 SF
    Added:
    Nov 21, 2025
    Days on Market:
    131
    Last Refresh:
    Mar 29 at 10:40 pm

    Property Features for 50 N 5th St

    General Information

    Standard status
    Active
    Size
    52,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1964

    Spaces For Lease

    at 50 N 5th St Contact us

    We can help!

    Listing Contact
    Kyle McKechnie, SIOR

    Listing agent Kyle McKechnie, SIOR

    Listing office

    Listing date Nov 21, 2025

    Source Naiglobal

    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 Kyle McKechnie, SIOR

    Overview

    Downtown Reading Office Building

    Located in the commercial core of downtown Reading, 50 N. 5th Street is a professionally managed office building. The property provides on-site parking in a lower level parking garage, as well as a metered lot for guests, with parking terms negotiable with the lease. This walkable downtown location is one block from Penn Street and offers a convenient option for office space in the city. The property size is 52000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Barley Snyder Law Firm Liever, Hyman & Potter Law Firm Hernandez Home Healthcare Home Health Care Service M&T Bank Bank Berks County Senior ... Community Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9279
    Latitude
    40.3364

    Nearby Similar for Lease

    • Contact for pricing

      Reading, PA Commercial Office Space

      Spacious office with new carpet, kitchenette, and elevator access.
      501-11 N 5TH ST unit: 3Rd Floor, READING, PA 19601
      View Details
    • Contact for pricing

      Restaurant Space in READING, PA

      Restaurant space available for lease in Mt Penn, READING.
      232 CARSONIA Avenue, READING, PA 19606
      View Details
    • Contact for pricing

      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
    • $17/mo

      Downtown Reading Professional Office Building

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

      Shillington Office Space Available

      First floor office space in prime Shillington location for lease.
      20 W LANCASTER Avenue, READING, PA 19607
      View Details
    • Contact for pricing

      Reading Office Space For Lease

      Large open office space in the heart of Reading.
      722 CHERRY ST, READING, PA 19602
      View Details
    • Sponsored
      Contact for pricing

      PA, Reading - Lancaster Pike

      2395 Lancaster Pike, Unit 1ST, Reading, PA 19607
      View Details
    • $18/mo

      Class A Office Space

      Class A office space for lease in Wyomissing, PA.
      45 Commerce Drive, Reading, PA 19610
      View Details
    • Contact for pricing

      Versatile Office Space in Reading

      Combined office condominium suitable for medical or professional use.
      1829 New Holland Rd, READING, PA 19607
      View Details
    • Contact for pricing

      Prime Retail Space Available

      Spacious commercial rental in high-traffic location, ideal for various businesses.
      4 W Lancaster Ave, READING, PA 19607
      View Details
    • $6/mo

      Premium Business Campus for Lease

      Redeveloped Bell Labs property with office, manufacturing, and distribution space.
      2525 N 12th St , Reading, PA 19604
      View Details
    • $13/mo

      Residual Office Space Available

      Mix of private and open office areas with workstations.
      2503 Kutztown Road, Reading, PA 19605
      View Details

    FAQs

    What type of property is this?
    Office building - Professionally managed office building with on-site parking in downtown Reading.
    Where is this office building located?
    The property is located at 50 N 5th St Reading, PA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: On‑site parking in a lower level parking garage.; Professionally managed office building.; Located in the commercial core of downtown Reading.
    (610) 370-8522
    We can help!
    Listing Contact
    Kyle McKechnie, SIOR
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!