Property profile

1002 Patriot Pkwy Reading, PA 19605

OFF-MARKET
Warehouses
Property ID
US73-0717949
622,117 SF 37.91 ac lot Built 2004
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2004
Total area 622,117 SF
Lot 37.91 ac (1,651,360 SF)
APN 5308-14-24-5469
UPID US73-0717949

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Warehouse & Storage
  • Distribution Center Logistics Company

Location

1002 Patriot Pkwy Reading, PA 19605-2874
Reading metro Census 12701 READING, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$67.82M
Comparable Approach Comparable
by Request
Blend (final) Blend
$76.28M

Owner & transaction history

since 2022
Last sale
$80.5M
7 recorded transactions
2022
$80.5M
2020
Price N/A
2014
$28.3M
2007
$28.1M
2005
$26.0M
2003
$2.1M
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $103.1M +6.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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