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Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Assisted living facilities
2900 Lawn Ter Reading, PA 19605-2683
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-1948727
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1990
Total area
44,751 SF
Lot
4.31 ac (187,744 SF)
APN
5318-09-06-3373
UPID
US73-1948727
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
-
Rittenhouse Village At Muhlenberg Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.32M
Owner & transaction history
LP Nhj-reit Of Dsl Propco LLC · 7 yrs held
LP Nhj-reit Of Dsl Propco LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.2M
+72.1%
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
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$1,275,000
Current use
WAREHOUSE, STORAGE
$2,195,000
Change: +72% · Conversion: Difficult
Blend value · Realmo final
$1.32M
Range $1.19M – $1.45M · ±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
$29 / 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
$50,729
Tax year 2024
Assessed value
$3,611,900
Assessed 2024
Previous assessed
$3,611,900
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$731,100
Assessed improvement
$2,880,800
Land market value
$731,100
Improvement market value
$2,880,800
Total market value
$3,611,900
Applied tax rate
66.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1990
Heating
NONE
Stories
3
Units
92
Total area
44,751 SF
Lot
4.31 ac (187,744 SF)
APN
5318-09-06-3373
UPID
US73-1948727
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$2.2M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
WAREHOUSE, STORAGE
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
1990
Heating
NONE
Stories
3
Units
92
Lot
4.31 ac
Current owner
From public records · entity-resolved
LP Nhj-reit Of Dsl Propco LLC
Entity
Mailing address
222 ROBERT ROSE DR, MURFREESBORO, TN 37129-6346
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2019
$8,653,394
LP Nhj-reit Of Dsl Propco LLC
Reading Senior Hsng I Propco L
Grant Deed
—
Nov 24, 2015
$5,400,000
Reading Senior Housing I Propco LP
Rsl Of Reading LLC
Deed
—
Jul 6, 2011
—
Rsl Of Reading LLC
—
Deed Of Trust
related
$6,340,940 · Manufacturers & Traders Trust
Apr 15, 2008
$4,900,000
Rsl Of Reading LLC
Bornemann Health Corp
Grant Deed
$4,440,000 · Manufacturers Traders & Trust
—
—
Rsl Of Reading LLC
—
Loan Modification
related
$8,400,000 · Manufacturers Traders & Trust
—
—
Rsl Of Reading LLC
—
Loan Modification
related
$12,240,000 · Manufacturers Traders & Trust
—
—
Rsl Of Reading LLC
—
Deed Of Trust
related
$4,712,335 · Manufacturers Traders & Trust
—
—
Rsl Of Reading LLC
—
Deed Of Trust
related
$6,076,162 · Manufacturers Traders & Trust
—
—
Rsl Of Reading LLC
—
Deed Of Trust
related
$5,022,684 · Manufacturers & Traders Trust
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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