Property profile

401 Spruce St Reading, PA 19602

OFF-MARKET
Assisted living facilities
Property ID
US73-1707817
57,062 SF 2.46 ac lot Built 1970
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1970
Total area 57,062 SF
Lot 2.46 ac (107,158 SF)
APN 5306-06-29-6123
UPID US73-1707817

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

401 Spruce St Reading, PA 19602
Reading metro Census 11200 READING, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.84M
Blend (final) Blend
$2.80M

Owner & transaction history

since 2022
Last sale
$1.9M
4 recorded transactions
2022
$1.9M
2020
Price N/A
2018
Price N/A
2006
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $2.8M +73.1%
Retail stores $2.6M +58.5%
Restaurant $2.4M +45.3%

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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