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Property profile

615 Hiesters Ln Reading, PA 19605

FOR SALE
Retail space
Property ID
US73-2706196
154,629 SF 2.79 ac lot Built 1910
Last sale Jun 2021 · $2,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 615 Hiesters Ln in Reading, Pennsylvania is an industrial facility configured to support fabricating and light manufacturing uses. The building includes large climate-controlled areas suitable for consistent operation for light industrial work. Public remarks indicate the site is located near a labor pool and has heavy electrical power available to support appropriate industrial equipment.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$30k
Tax billed · 2024
Assessed value$1.14M
Assessed land$161k
Assessed improvement$983k
Effective rate2.65%

Value estimate

· Oct 2026
$2.44M
$2.20M – $2.68M
AI approach$2.54M
NOI build-up
Gross scheduled income$1.51M
Vacancy & credit loss−$85k
Operating expenses−$428k
NOI · 16.79% cap applied$999k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$59/SF
Submarket average, outlier-cleaned · 206 recorded sales of this use type
Observed band · Q1–Q3$26 – $98

Cap rate analysis

How does the asset earn?
16.79%
$999k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBERKS

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency47.1
Law Firm29.4
Restaurant28.7

Location

615 Hiesters Ln Reading, PA 19605
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
801 Hiesters, Reading, PA 19605-3034 $3,741,014 May 2024 32,275 SF
8380 Allentown, Reading, PA 19605-9228 $625,000 Nov 2023 8,544 SF
2834 5th St, Reading, PA 19605-2419 $275,000 Nov 2022 9,320 SF
2591 Ctr, Reading, PA 19605-2849 $1,925,000 Sep 2022 28,696 SF
755 Hiesters, Reading, PA 19605-3040 $1,800,000 May 2022 35,892 SF
150 Corporate, Reading, PA 19605-1145 $41,425,000 Mar 2022 31,250 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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