Building Details

Year Built 1985

Listing Agency: Keller Williams Platinum Realty - Wyomissing Show Phone

Listed By: Alison Burke

Source: Jennysoldmine

Added: Aug 14 Changed: Aug 29 Last Checked: Aug 29 at 3:04PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Platinum Realty - Wyomissing

Investment Insights

Based on property information with market context.

Located at 2745 Leisczs Bridge Rd in Leesport, this 12,000-square-foot flex building was constructed in 1985 on approximately 5.59 acres. The property is configured as two approximately 6,000-square-foot tenant areas occupied by Cintas and Miller-Keystone Blood Center. Each side has a separate entrance, while office, medical-use, and warehouse components support varied commercial functions. Recently renovated office areas include conference rooms and multiple restrooms.

Tenant utilities are separately metered, with certain shared costs allocated under the respective leases. Individual HVAC and electrical systems serve the tenant areas. Dedicated parking and expansive paved surfaces accommodate employees, visitors, and commercial vehicles. The property is positioned near Routes 222, 183, and 61, the Reading Regional Airport, and nearby business corridors in Bern Township.

Key Highlights

• Approximately 5.59 acres with a 12,000‑square‑foot flex building
• Two approximately 6,000‑square‑foot tenant spaces occupied by Cintas and Miller‑Keystone Blood Center
• Separate entrances, individual HVAC and electrical systems, and separately metered tenant utilities

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$100,544

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

5.03%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$2,010,880 $2.0M

Cap Rate 7%

$1,436,343 $1.4M

Cap Rate 9%

$1,117,156 $1.1M

Market Conditions

NOI Build-Up for 12,000 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$155.5K $12.96/SF

− Vacancy

−$21.5K −$1.79/SF

EGI

$134.1K $11.17/SF

− OpEx

−$33.5K −$2.79/SF

NOI

$100.5K $8.38/SF

Area

Berks County, PA

Vacancy

13.80%

Lease Rate

$12.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$2,010,880

Cap Rate 7%

$1,436,343

Cap Rate 9%

$1,117,156

Alternative Uses

Best Use

Office B

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,544 @ 7.0% cap · market cap 5.03%

Second Best

Healthcare Medical

$1.43M

$1.25M – $1.67M (±1% cap)

NOI $99,900 @ 7.0% cap · market cap 5.00%

Theoretical Best

Office A

$1.97M

$1.72M – $2.30M (±1% cap)

NOI $137,894 @ 7.0% cap · market cap 6.89%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Auto Parts Store Hair Salon Storage Facility Grocery & Convenience Store HVAC Service

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

Location Intelligence

Trade Area within ½ mile

192

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 19533, PA

7,710

Population

3,217

Households

2.4

Avg Household Size

43

Median Age

26%

College-Educated

92%

High-School Grad

17.3 sq mi

ZIP Area

446

Density / Sq Mi

$94,038

Median Household Income

$56,108

Median Earnings

$1,027

Median Rent

$263,300

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Office, medical-use, and warehouse areas occupy two separately accessed tenant spaces with dedicated parking and paved vehicle areas.

Where is this flex space located?

The property is located at 2745 2745a Leisczs Bridge Rd Leesport, PA.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: Approximately 5.59 acres with a 12,000‑square‑foot flex building; Two approximately 6,000‑square‑foot tenant spaces occupied by Cintas and Miller‑Keystone Blood Center; Separate entrances, individual HVAC and electrical systems, and separately metered tenant utilities