Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    615 Hiesters Ln Reading, PA 19605

    • Retail space
    • 154,629 SF
    • 2.79 lot acres
    For Lease
    View listing
    $4 SF/Yr
    Value Estimation
    $2,520,000
    Last Sale
    Jun 11, 2021
    $2,500,000
    Location Intelligence
    Property ID
    US73-2706196
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 615 Hiesters Ln

    Year built
    1910
    Lot size
    2.79 lot acres
    Property size
    154,629 SF
    Property type
    Retail space
    APN
    5308-20-81-4030
    APU
    530820814030

    Description

    This exceptional industrial property, located at 615 Hiesters Lane in Berks County, offers three distinct warehouse spaces for lease, totaling 171,181 square feet on a 3.5-acre lot. The building, constructed in 1910 and featuring three stories, provides a unique blend of historical character and modern functionality. Spaces range from a minimum of 9,298 square feet to a maximum contiguous space of 96,635 square feet, offering flexibility for various business needs. The property boasts a variety of features including 4 loading docks, 5 drive-in doors, and ample parking for 150 vehicles. Ceiling heights range from 10 to 13 feet. Significant portions of the building are climate-controlled, making it suitable for a range of uses. The property benefits from heavy power and is zoned MC - Manufacturing/Commercial, ideal for fabrication or light manufacturing operations. Its location provides access to a rich labor pool. The property's APN is 5308-20-81-4030 and 5308-20-81-6063. This is a rare opportunity to secure substantial industrial space in a desirable location. Inquire today for lease details and availability.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,440,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,355,000
      6.5%
      $2,550,000
      7%
      $2,445,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,435,000
      Geo Method
      $2,535,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,785,000
      Retail
      $2,415,000
      Mixed-Use
      $2,915,000
      Hospitality
      $2,455,000
      Educational
      $2,795,000
      Residential Income
      $3,120,000
      Energy
      $2,975,000
      Income-Based Land
      $3,025,000
      Food Service
      $2,830,000

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.925
    Latitude
    40.3649
    CBSA code
    39740
    CBSA name
    READING, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $30,278
    $161,000
    $982,700
    $1,143,700
    -
    $161,000
    $982,700
    $1,143,700

    Comparable in this City

    • Value Estimation by Request
      12,406 SF

      309 Madison Ave

      RETAIL STORES (PERSONAL SERVICES) • 12,406 SF
      309 Madison Ave, Reading, PA 19605
      View Details
    • Value Estimation by Request
      1,619 SF

      3818 Raymond St

      RETAIL STORES (PERSONAL SERVICES) • 1,619 SF
      3818 Raymond St, Laureldale, PA 19605-1946
      View Details
    • Value Estimation
      $345,000
      1,200 SF

      3222 5th St Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      3222 5th St Hwy, Reading, PA 19605
      View Details
    • Value Estimation
      $2,400,000
      45,558 SF

      A New Enterprise Dr

      RETAIL STORES (PERSONAL SERVICES) • 45,558 SF
      A New Enterprise Dr, Reading, PA 19605
      View Details
    • Value Estimation
      $160,000
      5,759 SF

      116 Lafayette St

      RETAIL STORES (PERSONAL SERVICES) • 5,759 SF
      116 Lafayette St, Reading, PA 19605-3117
      View Details
    • Value Estimation
      $305,000
      4,800 SF

      4425 Pottsville Pike

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      4425 Pottsville Pike, Reading, PA 19605-1232
      View Details

    Similar Nearby for Sale

    • $250,000
      2,032 SF

      Two-Unit Building with Commercial Space

      Two-unit building featuring commercial space and a residential apartment.
      3408 Kutztown Rd, Reading, PA 19605
      View Details
    • $675,000
      3,586 SF

      High-Visibility Reading Retail Property

      Dual-income retail & residential investment
      1600 Elizabeth Ave, Reading, PA 19605
      View Details
    • New
      $79,900

      Established Pizza/Sandwich Shop for Sale

      Profitable pizza/sandwich shop with strong delivery sales, business and assets.
      3201 Pottsville Pike, Reading, PA 19605
      View Details
    • Contact for pricing

      Retail Space with Ample Parking

      Retail space with dedicated entrance and abundant parking.
      3401 Plaza Dr, Reading, PA 19605
      View Details
    • $175,000
      1.28 Acres

      High-Traffic Leesport Commercial Land

      Prime Route 61 location, 1.28 acres, C-zoned.
      5220 Pottsville Pike, Leesport, PA 19605
      View Details
    • $1,650,000
      8 SF

      8 Acres Industrial Land Available

      Partially improved industrial land with highway access and NPDES permits.
      Leisczs Bridge Rd, Reading, PA 19605
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,363 SF

      Retail Space Near Business Highway

      Retail property with pad site opportunities near Reading, Pennsylvania.
      3045 North 5Th Street Hwy, Reading, PA 19605
      View Details
    • Contact for pricing
      99,559 SF

      Reading Mall Anchor Space

      Large Retail Space - High Traffic Area
      3050 5Th Street Hwy, Reading, PA 19605
      View Details
    • Contact for pricing
      11,149 SF

      Retail Space in Reading, PA

      Retail space available in a busy shopping center.
      3215 N 5Th Street Hwy, Reading, PA 19605
      View Details
    • Contact for pricing
      63,890 SF

      Versatile Commercial Space in Reading

      Prime location with flexible layout suitable for various businesses.
      2101 Centre Ave, Reading, PA 19605
      View Details
    • Contact for pricing
      52,064 SF

      Plaza 222: Retail Strip Center

      High-traffic Reading retail space; 5 units available
      3229 5Th Street Hwy, Reading, PA 19605
      View Details
    • $4 SF/Yr
      171,181 SF

      Hiesters Lane Warehouse Trio

      Three industrial spaces available; 9,298 - 96,635 SF
      615 Hiesters Ln, Reading, PA 19605
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    615 Hiesters Ln
    Reading, PA 19605
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.