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    High-Exposure Commercial Land Parcel Title is generated by Realmo AI

    686 W Penn Ave, Robesonia, PA 19551

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    For Sale
    $135,000

    Commercially zoned land with utilities in place and an existing structure, suited for redevelopment or replacement.

    Added:
    May 4, 2026
    Days on Market:
    35
    Last Refresh:
    Jun 6 at 2:06 am

    Property Features for 686 W Penn Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Kylie L Eveland Walbert
    Kylie L Eveland Walbert

    Listing agent Kylie L Eveland Walbert

    Listing office BHHS Homesale Realty- Reading Berks

    Listing date May 4, 2026

    Source Exprealty

    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 BHHS Homesale Realty- Reading Berks

    HighLights

    • Highway commercial property with strong roadway exposure along a well‑traveled route
    • Commercially zoned parcel with utilities in place
    • Existing structure on site—suited for renovation, replacement, or redevelopment
    • Buyer to verify permitted uses, zoning, and any development requirements with the municipality

    Overview

    This is a commercially zoned land parcel with an existing structure on site. Utilities are currently in place, giving buyers flexibility to renovate, replace, or pursue redevelopment depending on their plans. The property is offered as a land opportunity, with the on-site improvements providing a starting point for future work.

    The site is positioned along a high-visibility corridor on a well-traveled route, supporting strong public exposure for a wide range of commercial concepts. The listing notes excellent accessibility to the parcel and consistent traffic flow in the surrounding area. While specific frontage or access details are not provided, the property is presented as being well suited for development that benefits from visibility to passing motorists.

    For tenants, buyers, or developers, this parcel can fit a variety of business uses, subject to municipal review. The existing structure may be leveraged for certain redevelopment approaches, while the underlying lot configuration supports alternative scenarios. Any proposed use, zoning requirements, and development standards must be verified by the buyer with the municipality before moving forward. This is a sale of the land with existing improvements, designed for parties who want to evaluate their own site plan, permitting path, and final development concept.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Robesonia
    County
    Berks
    State
    Pennsylvania
    Longitude
    -76.15309
    Latitude
    40.356068

    Nearby Similar for Sale

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    • $1,250,000
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    • $1,600,000
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    • $450,000

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    FAQs

    What type of property is this?
    Commercial land - Commercially zoned land with utilities in place and an existing structure, suited for redevelopment or replacement.
    Where is this commercial land located?
    The property is located at 686 W Penn Ave Robesonia, PA.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: Highway commercial property with strong roadway exposure along a well‑traveled route; Commercially zoned parcel with utilities in place; Existing structure on site—suited for renovation, replacement, or redevelopment
    (610) 334-0261
    We can help!
    Listing Contact
    Kylie L Eveland Walbert
    Kylie L Eveland Walbert
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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