Technical
Financial
Distress signals
Property profile

3215 5th St Hwy Reading, PA 19605

OFF-MARKET
Outlet malls
Property ID
US73-1800464
75,652 SF 14.13 ac lot Built 1975
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a retail space located within a shopping center anchored by Redner's Warehouse Market, Big Lot's, and Burlington. It is positioned along 5th Street Highway, sharing a signalized intersection (traffic light) with Fairgrounds Square Mall, and is surrounded by nearby retail uses including Wal-Mart, Sam’s Club, BJ’s, Lowe’s, and Target. The available premises comprise approximately 11,149 square feet.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1975
Total area 75,652 SF
Lot 14.13 ac (615,503 SF)
APN 5308-12-87-0341
UPID US73-1800464

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
  • (Bike/Boat/Book/etc) Store Auto Parts Store
  • Physician
  • Physician
  • Postal Service Courier Service
  • Physician

Location

3215 5th St Hwy Reading, PA 19605-2450
Reading metro Census 12600 READING, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$11.80M
Comparable Approach Comparable
$7.31M
Blend (final) Blend
$9.44M

Owner & transaction history

since 2016
6 recorded transactions
2022
Price N/A
2016
Price N/A
2016
$16.1M
2005
$14.6M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $12.5M +182.0%
Warehouse, storage $11.8M +166.0%
Restaurant $10.1M +126.6%

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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