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Property profile & analytics
OFF-MARKET Estimated value $2,065,000
Medical Office Space

11 Fairlane Rd Reading, PA 19606-9567

23,682 SF 1.9 ac lot Built 1987
Individually Owned 8-yr Hold Free & Clear
Property ID
US73-1055381
Property summary
AI-generated overview

This exceptional single-tenant medical office building, located at 11 Fairlane Rd in Reading, Pennsylvania, presents a unique investment opportunity. The property boasts a substantial 6,562 square feet of vacant space, ideal for a variety of medical practices. Constructed in 1987, the building sits on a generous 4.08-acre lot, offering ample parking and potential for future expansion. The property's classification as a medical office building signifies its suitability for healthcare-related businesses, providing a ready-made environment for patient care. The single-tenant occupancy offers streamlined management and predictable income streams. The address is conveniently located in Reading, PA, zip code 19606, providing easy access for patients and staff. This property is a rare find, combining a significant amount of vacant space with a desirable location and established infrastructure. The building's size and location make it an attractive option for medical professionals seeking to establish or expand their practice. The ample lot size offers flexibility for future development or expansion of existing facilities. This is an excellent opportunity to acquire a well-situated medical office building in a thriving Pennsylvania community. Serious inquiries are encouraged to explore this promising investment. The property is ready for immediate occupancy.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1987
Construction FRAME
Total area 23,682 SF
Lot 1.9 ac (82,764 SF)
APN 5325-08-99-0050
UPID US73-1055381
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • SIR Physical Therapy, Exeter Location Physician
  • John P. Stelmach, MD Physician
  • Paul J. Marr, MD Physician
  • Commonwealth Orthopaedic Associates Medical Clinic
  • Keystone Orthopaedic Specialists MRI Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.60M
Blend (final) Blend
$2.07M
Owner & transaction history
Coa Real Estate Ptshp · 8 yrs held
Coa Real Estate Ptshp
since 2018
4 recorded transactions
2018
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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