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Property profile & analytics
FOR LEASE
Office buildings
6 Hearthstone Ct Reading, PA 19606
Entity Owned
2-yr Hold
Free & Clear
Property ID
US73-5809070
For Lease
1 / 6
$2,265,000
6 Hearthstone Ct, Reading, PA 19606
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Property summary
AI-generated overview
This exceptional Class B medical office building, located at 6 Hearthstone Ct, Reading, PA 19606, offers 26,400 square feet of versatile space. Currently, there are three suites available, ranging from 1,970 to 2,818 contiguous square feet, with a total of 11,460 square feet currently vacant. Built in 1991, the building features a desirable 9-foot ceiling height and ample parking with 124 spaces. Convenient access is provided by one passenger elevator. The property boasts a prime location in Exeter Township and is undergoing significant improvements under new ownership. Planned renovations include upgrades to common areas, the parking lot, and the building's exterior, promising a refreshed and modern environment. This presents a unique opportunity for medical or professional practices seeking high-quality office space in a thriving location. The minimum divisible space is 1,970 square feet, making it ideal for a variety of tenant needs. This building is a must-see for businesses seeking a well-maintained and updated space in a convenient location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Total area
17,600 SF
Lot
1.89 ac (82,328 SF)
APN
5326-18-30-2552
UPID
US73-5809070
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
-
Wyomissing Oral Surgical Associates: Douglass Jr Arthur F DDS Dental Office
-
Palacios Dentistry Dental Office
-
Tracie L. Robbins, L Alternative Medicine Practice Spa & Massage Center
-
Morgan E. Miller, CMT Alternative Medicine Practice Spa & Massage Center
-
Reich Insurance, Inc. Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.42M
Comparable Approach
Comparable
$2.73M
Blend (final)
Blend
$2.27M
Owner & transaction history
Gkp3 Real Estate LP · 2 yrs held
Gkp3 Real Estate LP
since 2024
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.9M
+64.9%
Restaurant
$2.3M
+32.5%
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%
$2,620,000
6.5%
$2,420,000
7%
$2,245,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,770,000
Current use
MEDICAL BUILDING
$2,915,000
Change: +65% · Conversion: Easy
RESTAURANT
$2,345,000
Change: +32% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,655,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$2.27M
Range $2.04M – $2.49M · ±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
$129 / 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
$15,780
Tax year 2024
Assessed value
$1,215,000
Assessed 2024
Previous assessed
$1,215,000
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$265,800
Assessed improvement
$949,200
Land market value
$265,800
Improvement market value
$949,200
Total market value
$1,215,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1991
Heating
NONE
Stories
3
Total area
17,600 SF
Lot
1.89 ac (82,328 SF)
APN
5326-18-30-2552
UPID
US73-5809070
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
OFFICE BUILDING Current
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$2.9M
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
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
1991
Heating
NONE
Stories
3
Lot
1.89 ac
Current owner
From public records · entity-resolved
Gkp3 Real Estate LP
Entity
Free & Clear · 2 yrs held
Mailing address
295 E SWEDESFORD RD #335, WAYNE, PA 19087-1462
Ownership since
2024
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
Sep 16, 2025
—
Gkp3 Real Estate LP
—
Deed
related
$1,050,000 · Linkbank
Jul 2, 2024
—
Gpk3 Real Estate LP
—
Deed
related
$750,000 · Kalpana Yendluri
Apr 25, 2024
$1,332,000
Gkp3 Real Estate LP
Sheriff Of Berks County
Sheriffs Deed
related
—
Aug 9, 2001
—
6 Hearthstone Realty LLC
W/p Land Dev Co
Grant Deed
$1,900,000 · Leesport Bk
—
—
W & P Land Dev Co
—
Deed Of Trust
related
$1,873,000 · First Nat'l Bk
—
—
6 Hearthstone Realty LLC
—
Deed Of Trust
related
$1,700,000 · Oritani Bank
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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