Light Industrial Land with Truck Repair
For Sale
$300,000
Pending
720 Hall Ave, Reading, PA 19606
8.8-acre site in Exeter Township with light industrial zoning, public sewer, private well and electricity, plus a large truck repair garage.
Property Size4,230 SF
Lot Size8.80 Acres
Days on Market313
Property Features for 720 Hall Ave
General Information
Standard status
Pending
Size
4,230 SF
Lot size
8.80 Acres
Zoning
Light Industial District
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,269
Listing Agency:
Richard A Zuber Realty-Boyertown
(610) 369-0303
Listed By:
Lee H Heffner
(484) 838-9097
Source:
Exprealty
Added: Oct 27, 2025
Changed: Aug 21
Last Checked: Sep 1 at 8:31PM
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 Richard A Zuber Realty-Boyertown
Investment Insights
Based on property information with market context.
The offering consists of 8.8 acres of land in Exeter Township, zoned Light Industrial District. Improvements include a large garage of 4,230 square feet currently used as a truck repair shop, along with several smaller garages. Utilities available on-site include public sewer, a private well, and electricity.
The property is located minutes from Route 422 and Interstate 176. Please note that part of the site is located in a flood plain.
For additional information about the site and current configuration, please contact the listing agent.
The property is located minutes from Route 422 and Interstate 176. Please note that part of the site is located in a flood plain.
For additional information about the site and current configuration, please contact the listing agent.
Key Highlights
- 8.8‑acre land parcel in Exeter Township
- Zoned Light Industrial District
- Utilities include public sewer, private well, and electricity
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
$24,681
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
8.23%
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%
$493,620
$493.6K
Cap Rate 7%
$352,586
$352.6K
Cap Rate 9%
$274,233
$274.2K
Market Conditions
NOI Build-Up for 4,230 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
$37.4K $8.83/SF
− Vacancy
−$2.1K −$0.49/SF
EGI
$35.3K $8.34/SF
− OpEx
−$10.6K −$2.50/SF
NOI
$24.7K $5.83/SF
Area
Berks County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
30.00%
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%
$493,620
Cap Rate 7%
$352,586
Cap Rate 9%
$274,233
Alternative Uses
Best Use
Retail
$612.7K
$536.1K – $714.8K
NOI $42,890 @ 7.0% cap · market cap 14.30%
Second Best
Industrial
$352.6K
$308.5K – $411.4K
NOI $24,681 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$694.4K
$607.6K – $810.1K
NOI $48,608 @ 7.0% cap · market cap 16.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 19606, PA
35,153
Population
14,593
Households
2.4
Avg Household Size
42
Median Age
29%
College-Educated
93%
High-School Grad
26.7 sq mi
ZIP Area
1,317
Density / Sq Mi
$81,872
Median Household Income
$45,583
Median Earnings
$1,282
Median Rent
$229,400
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Wolf's Repair Shop L.L.C. Please text. — 5036 Painted Sky Rd, Reading, PA 19606
- Walmart Auto Care Centers — 5900 Perkiomen Ave, Reading, PA 19606
Frequently Asked Questions
What type of property is this?
Auto shop - 8.8-acre site in Exeter Township with light industrial zoning, public sewer, private well and electricity, plus a large truck repair garage.
Where is this auto shop located?
The property is located at 720 Hall Ave Reading, PA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 8.8‑acre land parcel in Exeter Township; Zoned Light Industrial District; Utilities include public sewer, private well, and electricity
