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Property profile & analytics
OFF-MARKET
Estimated value
$2,175,000
Office buildings
2208 Quarry Dr Reading, PA 19609-1158
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US73-2112381
Property summary
AI-generated overview
This exceptional two-story, 27,440 square foot Class B office building, situated on a 1.82-acre lot in West Lawn, Pennsylvania, presents a unique investment opportunity. Built in 2002 and renovated in 2015, the property is zoned for planned office/business use and features a total of three suites. Currently, 18,662 square feet of space is available, divisible into units ranging from 1,560 to a maximum contiguous 13,440 square feet. The building boasts convenient parking and easy access from all sides. One available space is a 13,440 square foot corporate service center featuring a high-quality fit-up, including large conference rooms, executive offices, a break room, cubicle areas, and numerous private offices of varying sizes. This space is further divisible to approximately 4,000 square feet or more. The property's address is 2208 Quarry Dr, Reading, PA 19609, and its APN is 80-4387-19-61-9762. This versatile property is suitable for traditional office, executive office, or medical office uses. Special incentives may be available.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
FRAME
Total area
26,880 SF
Lot
1.82 ac (79,279 SF)
APN
4387-19-61-9762
UPID
US73-2112381
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
-
Capaci Charles Employment Agency
-
Medbill Accounting Firm Tax Preparation
-
Amy Hendrix Physician
-
Nathan Scheffler Physician Medical Clinic
-
Guild Mortgage Company Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.93M
Blend (final)
Blend
$2.18M
Owner & transaction history
Van Reed Group II LLC · 19 yrs held
Van Reed Group II LLC
since 2007
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.6M
+32.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Reading submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reading submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,700,000
Current use
RESTAURANT
$3,580,000
Change: +32% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,530,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$2.18M
Range $1.96M – $2.39M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$81 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$19,159
Tax year 2024
Assessed value
$1,414,200
Assessed 2024
Previous assessed
$2,210,500
-36.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$376,400
Assessed improvement
$1,037,800
Land market value
$376,400
Improvement market value
$1,037,800
Total market value
$1,414,200
Applied tax rate
80.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
NONE
Stories
2
Total area
26,880 SF
Lot
1.82 ac (79,279 SF)
APN
4387-19-61-9762
UPID
US73-2112381
Jurisdiction
BERKS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.7M
RESTAURANT
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$2.5M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
FRAME
Heating
NONE
Stories
2
Lot
1.82 ac
Current owner
From public records · entity-resolved
Van Reed Group II LLC
Entity
Mailing address
PO BOX 205, WERNERSVILLE, PA 19565-0205
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2007
—
Van Reed Group II LLC
—
Deed Of Trust
related
$5,000,000 · Communitybanks
May 24, 2005
—
Van Reed Group II LLC
—
Deed Of Trust
related
$3,600,000 · Blue Ball National Bank
—
—
Van Reed Group II LLC
—
Deed Of Trust
related
$500,000 · National Penn Bk
—
—
Van Reed Group II LLC
—
Deed Of Trust
related
$2,000,000 · National Penn Bk
—
—
Van Reed Group II LLC
—
Deed Of Trust
related
$107,000 · Susquehanna Bk
—
—
Van Reed Group II LLC
—
Deed Of Trust
related
$250,000 · Blue Ball Nat'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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