Property profile

1065 Woodland Rd Reading, PA 19610

OFF-MARKET
Outlet malls
Property ID
US73-1403212
23,536 SF 0.56 ac lot Built 1997
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This retail property is located within the Woodmill Commons shopping center, with access via a signalized entrance on Woodland Road and via Berkshire Boulevard. It is a leased retail space configured for commercial use and is associated with a long-term lease structure. The building had a roof replacement in October 2022 and includes a transferable 20-year warranty. The property contains approximately 22,940 square feet.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1997
Total area 23,536 SF
Lot 0.56 ac (24,394 SF)
APN 4397-15-53-6643
UPID US73-1403212

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
  • Specialty Food Shop Supermarket

Location

1065 Woodland Rd Reading, PA 19610-1203
Reading metro Census 11101 READING, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$655k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.23M
Blend (final) Blend
$655k

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
2013
$1.8M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.6M +12.3%
Warehouse, storage $1.5M +8.8%

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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