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Property profile & analytics
OFF-MARKET
Estimated value
$6,735,000
Office buildings
722 Hiesters Ln, Reading, PA 19605-3039
Entity Owned
Free & Clear
Property ID
US73-5222292
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
62,105 SF
Lot
15.8 ac (688,248 SF)
APN
5308-20-90-2635
UPID
US73-5222292
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
-
Cafe Sweet Street Cafe & Coffee Shop
-
Sweet Street Desserts Take-out & Catering Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.54M
Comparable Approach
Comparable
$7.36M
Blend (final)
Blend
$6.74M
Owner & transaction history
SWEET STREET DESSERTS INC
SWEET STREET DESSERTS INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.3M
+64.9%
Warehouse, storage
$9.7M
+55.5%
Restaurant
$8.3M
+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%
$9,250,000
6.5%
$8,540,000
7%
$7,930,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,240,000
Current use
MEDICAL BUILDING
$10,290,000
Change: +65% · Conversion: Easy
WAREHOUSE, STORAGE
$9,705,000
Change: +56% · Conversion: Difficult
RESTAURANT
$8,265,000
Change: +32% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,850,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$6.74M
Range $6.06M – $7.41M · ±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
$108 / 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
$104,829
Tax year 2024
Assessed value
$3,959,700
Assessed 2024
Previous assessed
$3,959,700
+0.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$1,062,500
Assessed improvement
$2,897,200
Land market value
$1,062,500
Improvement market value
$2,897,200
Total market value
$3,959,700
Applied tax rate
1.0000
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
Off-Market
Year built
1983
Buildings
8
Total area
62,105 SF
Lot
15.8 ac (688,248 SF)
APN
5308-20-90-2635
UPID
US73-5222292
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
$6.2M
MEDICAL BUILDING
Est. value
$10.3M
WAREHOUSE, STORAGE
Est. value
$9.7M
RESTAURANT
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$5.9M
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1983
Buildings
8
Lot
15.8 ac
Current owner
From public records · entity-resolved
SWEET STREET DESSERTS INC
Entity
Free & Clear · 0 yrs held
Mailing address
722 HIESTERS LN, READING, PA 19605-3039
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
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