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Property profile

2887 N Reading Rd Adamstown, PA 19501

FOR SALE
Retail space
Property ID
US73-0955628
8,532 SF 1.23 ac lot Built 1900
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This stand-alone commercial property consists of a 1.3-acre masonry building with post-and-beam construction. The building is currently configured as a fitness center and includes rear loading doors, a private office on the lower level, and a half bathroom on each floor. It is served by two HVAC units providing forced-air heating and central air conditioning. The property is located in Adamstown, between Lancaster and Reading, with access to the Pennsylvania Turnpike at Exit 286 and Route 222, and it has parking planned to exceed 20 spaces with room for vehicle turnaround.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$10k
Tax billed · 2024
Assessed value$401k
Assessed land$74k
Assessed improvement$327k
Effective rate2.51%

Value estimate

· Oct 2026
$365k
$329k – $402k
Submarket $/SF estimate$915k
NOI build-up
Gross scheduled income$135k
Vacancy & credit loss−$9k
Operating expenses−$38k
NOI · 12.28% cap applied$88k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$161/SF
County average, outlier-cleaned · 277 recorded sales of this use type
Observed band · Q1–Q3$93 – $249
Qualifying comparables10

Cap rate analysis

How does the asset earn?
12.28%
$88k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R-60
JurisdictionLANCASTER

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency12.5
Dental Office10.7
Auto Repair Shop10.4

Location

2887 N Reading Rd Adamstown, PA 19501
County assessor Recorded deeds · 1 transfer 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 4 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2994 Reading, Adamstown, PA 19501 $240,000 Jan 2020 2,788 SF
2990 Reading, Adamstown, PA 19501-7002 $120,000 Sep 2019 2,173 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
4 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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