Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,435,000
Outlet malls
3215 5th St Hwy Reading, PA 19605-2450
Entity Owned
10-yr Hold
Free & Clear
Property ID
US73-1800464
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mavis Discount Tire (Bike/Boat/Book/etc) Store Auto Parts Store
-
Larry Cinicola Physician
-
Craig Flannery Physician
-
FedEx Drop Box Postal Service Courier Service
-
higi Physician
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
Madeira Plaza Power LLC · 10 yrs held
Madeira Plaza Power LLC
since 2016
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.5M
+182.0%
Warehouse, storage
$11.8M
+166.0%
Restaurant
$10.1M
+126.6%
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%
$12,785,000
6.5%
$11,800,000
7%
$10,960,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$12,535,000
Change: +182% · Conversion: Difficult
WAREHOUSE, STORAGE
$11,820,000
Change: +166% · Conversion: Difficult
RESTAURANT
$10,070,000
Change: +127% · Conversion: Easy
OFFICE BUILDING
$7,600,000
Change: +71% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,125,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$9.44M
Range $8.49M – $10.38M · ±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
$125 / 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
$81,682
Tax year 2024
Assessed value
$5,815,700
Assessed 2024
Previous assessed
$5,815,700
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$2,823,200
Assessed improvement
$2,992,500
Land market value
$2,823,200
Improvement market value
$2,992,500
Total market value
$5,815,700
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1975
Heating
NONE
Buildings
7
Stories
1
Total area
75,652 SF
Lot
14.13 ac (615,503 SF)
APN
5308-12-87-0341
UPID
US73-1800464
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
MEDICAL BUILDING
Est. value
$12.5M
WAREHOUSE, STORAGE
Est. value
$11.8M
RESTAURANT
Est. value
$10.1M
OFFICE BUILDING
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$7.1M
MEDICAL BUILDING
WAREHOUSE, STORAGE
RESTAURANT
OFFICE BUILDING
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
1975
Heating
NONE
Stories
1
Buildings
7
Lot
14.13 ac
Current owner
From public records · entity-resolved
Madeira Plaza Power LLC
Entity
Free & Clear · 10 yrs held
Mailing address
120 N POINTE BLVD STE #301, LANCASTER, PA 17601-4130
Ownership since
2016
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
Jan 6, 2022
—
Madeira Plaza Power LLC
—
Deed
related
$3,965,000 · Investors Bank
May 10, 2016
—
Madeira Plaza Power LLC
Sin Ventures Madeira LP
Quit Claim Deed
related
—
May 10, 2016
$16,100,000
Madeira Plaza Power LLC
Sin Ventures Madeira LP
Grant Deed
—
Oct 24, 2005
$14,625,000
Sin Ventures Madeira
Madeira Associates LLC
Warranty Deed
$66,200,000 · General Elec Cap
—
—
Sin Ventures Madeira LP
—
Deed Of Trust
related
$66,200,000 · Wells Fargo Bk NA 2005-c4 (ce)
—
—
Sin Ventures Madeira LP
—
Loan Modification
related
$66,027,184 · * Other Institutional Lenders
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3215 5th St Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
