Medical Office Property with
For Sale
$3,750,000
625 625-627 Spring St, Reading, PA 19610
Established medical-office occupancy is paired with attached warehouse space and extended tenant lease commitments.
Property Size26,860 SF
Lot Size3.14 Acres
Price / SF$139.61
Days on Market80
Property Features for 625 625-627 Spring St
General Information
Standard status
Active
Size
26,860 SF
Lot size
3.14 Acres
Warehouse & Industrial
Warehouse Space
4,800 SF
Office Build-Out
22,060 SF
Building Details
Year Built
1975
Building Size
26,860 SF
Tenancy
Multi
Listing Agency:
RE/MAX Of Reading
Listed By:
Kent E Wrobel · License #AB067831
(610) 670-2770
Source:
Elkaimpropertygroup
Added: Jul 27
Changed: Oct 11
Last Checked: Oct 7 at 2:11PM
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
Investment Insights
Based on property information with market context.
This medical office property combines 22,060 square feet of office and medical space with an attached 4,800-square-foot warehouse. The improvements were constructed in 1975 and occupy 3.14 acres. The configuration supports distinct office, medical, and warehouse functions within one property.
KPS and Fresenius Medical Care have occupied their respective suites since August 1996, and both tenants have extended their leases. The property is being offered in a leaseback sale structure, providing an established occupancy profile alongside the existing office, medical, and warehouse improvements.
KPS and Fresenius Medical Care have occupied their respective suites since August 1996, and both tenants have extended their leases. The property is being offered in a leaseback sale structure, providing an established occupancy profile alongside the existing office, medical, and warehouse improvements.
Key Highlights
- 22,060 square feet of office and medical space
- Attached 4,800‑square‑foot warehouse
- 3.14‑acre property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$225,050
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,501,000
$4.5M
Cap Rate 7%
$3,215,000
$3.2M
Cap Rate 9%
$2,500,556
$2.5M
Market Conditions
NOI Build-Up for 26,860 SF
Gross rent
$348.1K $12.96/SF
− Vacancy
−$48.0K −$1.79/SF
EGI
$300.1K $11.17/SF
− OpEx
−$75.0K −$2.79/SF
NOI
$225.1K $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%
$4,501,000
Cap Rate 7%
$3,215,000
Cap Rate 9%
$2,500,556
Alternative Uses
Best Use
Office B
$3.21M
$2.81M – $3.75M
NOI $225,050 @ 7.0% cap · market cap 6.00%
Second Best
Healthcare Medical
$3.19M
$2.80M – $3.73M
NOI $223,610 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$4.41M
$3.86M – $5.14M
NOI $308,654 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,296
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 19610, PA
16,024
Population
7,327
Households
2.2
Avg Household Size
46
Median Age
54%
College-Educated
98%
High-School Grad
7.1 sq mi
ZIP Area
2,257
Density / Sq Mi
$91,034
Median Household Income
$52,707
Median Earnings
$1,669
Median Rent
$320,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Established medical-office occupancy is paired with attached warehouse space and extended tenant lease commitments.
Where is this medical office space located?
The property is located at 625 625-627 Spring St Reading, PA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 22,060 square feet of office and medical space; Attached 4,800‑square‑foot warehouse; 3.14‑acre property
