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Property profile & analytics
OFF-MARKET
Estimated value
$4,365,000
Medical Office Space
4885 Demoss Rd Reading, PA 19606-9023
Entity Owned
5-yr Hold
Free & Clear
Property ID
US73-2422931
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1994
Total area
33,224 SF
Lot
5.86 ac (255,262 SF)
APN
43-0000-00-00-0009
UPID
US73-2422931
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
-
Michelle R. Renninger Physician
-
Exeter Medical Center Medical Group Hospital
-
Tower Health Medical Group Internal Medicine - Exeter Medical Clinic
-
Tower Health Medical Group Family Medicine - Exeter DeMoss Rd Pediatrician Physician
-
Alan Levine, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.70M
CAP Approach
CAP
$4.26M
Comparable Approach
Comparable
$4.03M
Blend (final)
Blend
$4.37M
Owner & transaction history
Oak Street Investment Grade Ne · 5 yrs held
Oak Street Investment Grade Ne
since 2021
Last sale
$4.4M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$5,190,000
ML approach
$4,700,000
CAP Approach
CAP Return
Estimation
6%
$4,610,000
6.5%
$4,255,000
7%
$3,950,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,505,000
Current use
RESTAURANT
$4,425,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$4.37M
Range $3.93M – $4.80M · ±10% · vs last sale $4.42M (Jan 4 2021)
Last sale anchor
$4.42M
Jan 4 2021
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
$131 / 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
$24,962
Tax year 2024
Assessed value
$1,935,000
Assessed 2024
Previous assessed
$2,712,800
-28.7% YoY
Effective rate
1.29%
On assessed value
Assessed land
$555,600
Assessed improvement
$1,379,400
Land market value
$555,600
Improvement market value
$1,379,400
Total market value
$1,935,000
Applied tax rate
43.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1994
Heating
NONE
Buildings
2
Stories
2
Total area
33,224 SF
Lot
5.86 ac (255,262 SF)
APN
43-0000-00-00-0009
UPID
US73-2422931
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 Current
Est. value
$5.5M
RESTAURANT
Est. value
$4.4M
MEDICAL BUILDING Current
RESTAURANT
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
1994
Heating
NONE
Stories
2
Buildings
2
Lot
5.86 ac
Current owner
From public records · entity-resolved
Oak Street Investment Grade Ne
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 16052, READING, PA 19612-6052
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2021
—
Oak Street Investment Grade Ne
Threpa005 LLC
Grant Deed
—
Jul 23, 2020
—
Threpa005 LLC
—
Deed
related
$225,000 · Goldman Sachs Bk USA
Jun 16, 2020
$4,422,714
Threpa005 LLC
Reading Hospital
Grant Deed
—
—
—
Threpa005 LLC
—
Deed Of Trust
related
$225,000 · Goldman Sachs Bk USA
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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