2802 PapermillReading, PA 19610

  • Healthcare properties
  • 186,689 SF
For Sale

Property Details for 2802 Papermill

Year built
2009
Lot size
23.26 AC
Property size (Sq ft)
186,689 SF
Property type
Healthcare properties
Property subtype
Hospitals
APN
4397-05-08-3929
APU
439705083929

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $28,167,100
    6.5%
    $26,000,400
    7%
    $24,143,228
  • Comparable approach

    Method
    Valuation
    Relative Method
    $16,462,509
    Geo Method
    $28,051,702
  • Alternative Use

    Use
    Valuation
    Residential
    $32,982,604
    Hospitality
    $30,211,888
    Educational
    $25,135,936
    Medical
    $26,000,400
    Retail
    $39,100,344
2802 Papermill, Reading, Pennsylvania

Location Insight

City
Reading
County
Berks
State
Pennsylvania
Latitude
40.3604
Longitude
-75.9902
CBSA code
39740
CBSA name
READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $209,400
  • Assessed land value
    $5,061,000
  • Assessed value
    $5,270,400
  • Tax year
    2024
  • Tax bill
    $316

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