Multi-Office
For Sale
Contact for pricing
420 N PARK ROAD #201, Wyomissing, PA 19610
The suite combines private offices, a reception area, and open workspace, with the option to connect to an adjoining suite.
Property Size1,674 SF
Price / SF$0.01
Days on Market10
Property Features for 420 N PARK ROAD #201
General Information
Standard status
Active
Size
1,674 SF
Total Parking Spaces
42
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Year Built
1971
Listing Agency:
RE/MAX Of Reading
Listed By:
Kent E Wrobel · License #AB067831
(610) 670-2770
Source:
Cummingsrealtors
Added: Oct 22
Changed: Oct 29
Last Checked: Oct 30 at 4:57PM
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 RE/MAX Of Reading
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Investment Insights
Based on property information with market context.
This office suite includes a reception area, multiple private offices, and an open section configured for cubicles. An adjoining 875-square-foot suite is also available, allowing the spaces to be combined. The building dates to 1971.
The property is in Wyomissing, with access to public transportation and nearby highways. Restaurants and business parks are also in the surrounding area, and the site has a 42-car parking lot.
The property is in Wyomissing, with access to public transportation and nearby highways. Restaurants and business parks are also in the surrounding area, and the site has a 42-car parking lot.
Key Highlights
- Reception area, multiple offices, and open workspace
- Adjacent 875 SF suite also available
- 42‑car parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,026
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,520
$280.5K
Cap Rate 7%
$200,371
$200.4K
Cap Rate 9%
$155,844
$155.8K
Market Conditions
NOI Build-Up for 1,674 SF
Gross rent
$21.7K $12.96/SF
− Vacancy
−$3.0K −$1.79/SF
EGI
$18.7K $11.17/SF
− OpEx
−$4.7K −$2.79/SF
NOI
$14.0K $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 Rate 5%
$280,520
Cap Rate 7%
$200,371
Cap Rate 9%
$155,844
Alternative Uses
Best Use
Office B
$200.4K
$175.3K – $233.8K
NOI $14,026 @ 7.0% cap · market cap 140,260.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$274.8K
$240.5K – $320.6K
NOI $19,236 @ 7.0% cap · market cap 192,360.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,688
Businesses Nearby
Explore this area
Business Placement
Demographics for 19610, PA
16,024
Population
7,327
Households
2.2
Avg Household Size
46
Median Age
54%
College-Educated
98%
High-School Grad
7.1 sq mi
ZIP Area
2,257
Density / Sq Mi
$91,034
Median Household Income
$52,707
Median Earnings
$1,669
Median Rent
$320,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The suite combines private offices, a reception area, and open workspace, with the option to connect to an adjoining suite.
Where is this office unit located?
The property is located at 420 N PARK ROAD #201 Wyomissing, PA.
What are key features of this property?
This property features: Reception area, multiple offices, and open workspace; Adjacent 875 SF suite also available; 42‑car parking lot
