Building Details

Tenancy Single

Listing Agency: Swope Lees Commercial Real Estate LLC

Listed By: Charles Swope · License #PA 421301

Source: Crexi

Added: May 11 Changed: Oct 18 Last Checked: Oct 19 at 7:15AM

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Investment Insights

Based on property information with market context.

This single-tenant retail showroom building is offered for sale and is currently operating at full occupancy. The property provides an expansive 24,000 SF of retail/showroom space and is described as having a strong occupancy track record.

The address is 1037 Unger Lane in Boyertown, Pennsylvania, with access positioned on Route 100. The public remarks also note the location is adjacent to a Super Walmart and near multiple restaurants and other amenities.

The seller’s remarks describe the property’s zoning for light industrial use, which may broaden tenant and buyer fit for an owner-operator or other end user seeking a single-tenant setup.

Key Highlights

• 24,000 SF retail/showroom building at 1037 Unger Lane, Boyertown, PA
• Currently fully occupied with strong 100% occupancy and single‑tenant operation
• Location on Route 100 in Boyertown, PA

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$243,347

Cap Rate

6.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,866,940 $4.9M

Cap Rate 7%

$3,476,386 $3.5M

Cap Rate 9%

$2,703,856 $2.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 24,000 SF

Gross rent

$362.9K $15.12/SF

− Vacancy

−$15.2K −$0.64/SF

EGI

$347.6K $14.48/SF

− OpEx

−$104.3K −$4.35/SF

NOI

$243.3K $10.14/SF

Area

Berks County, PA

Vacancy

4.20%

Lease Rate

$15.12 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,866,940

Cap Rate 7%

$3,476,386

Cap Rate 9%

$2,703,856

Alternative Uses

Best Use

Retail

$3.48M

$3.04M – $4.06M (±1% cap)

NOI $243,347 @ 7.0% cap · market cap 6.31%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.94M

$3.45M – $4.60M (±1% cap)

NOI $275,789 @ 7.0% cap · market cap 7.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Showrooms

Suggested Use

Top Pick Law Firm Building Supply Hair Salon HVAC Service Storage Facility Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

150

Businesses Nearby

86k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Superstores 85% Shops & Services 15%

Walmart Superstores

73,115 visits/mo 0.2 miles

Sunoco Shops & Services

6,175 visits/mo 0.4 miles

Fred Beans Ford Of Boyertown, Inc Shops & Services

3,249 visits/mo 0.4 miles

Quigley Chrysler Dodge Jeep Ram Shops & Services

1,441 visits/mo 0.3 miles

CARSTAR Fred Beans Boyertown Shops & Services

1,002 visits/mo 0.5 miles

Demographics for 19512, PA

16,928

Population

6,726

Households

2.5

Avg Household Size

46

Median Age

23%

College-Educated

91%

High-School Grad

43.3 sq mi

ZIP Area

391

Density / Sq Mi

$76,036

Median Household Income

$49,954

Median Earnings

$1,146

Median Rent

$247,500

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Showroom - Single-tenant, fully occupied showroom building with zoning described for light industrial use.

Where is this showroom located?

The property is located at 1037 Unger Ln Boyertown, PA.

What is the asking price?

The asking price for this property is $3,858,887.

What are key features of this property?

This property features: 24,000 SF retail/showroom building at 1037 Unger Lane, Boyertown, PA; Currently fully occupied with strong 100% occupancy and single‑tenant operation; Location on Route 100 in Boyertown, PA