Building Details

Building Size 20,992 SF

Year Built 1972

Listing Agency: Keller Williams Platinum Realty - Wyomissing

Listed By: Chris Marrella · License #RS362685 Show Phone

Source: Evrealestate

Added: Apr 8 Changed: Oct 7 Last Checked: Oct 16 at 7:46AM

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Investment Insights

Based on property information with market context.

The commercial property, located at 784 & 792 Memorial Hwy, Oley, PA 19547, encompasses 20,992 square feet. The property is suitable for warehouses, industrial purposes, auto shops, automotive businesses, retail spaces, and other commercial real estate ventures. Directions to the property are as follows: Take US-222 N, then the US-222 BUS S exit toward Laureldale. Continue onto Park Rd, turn right onto W Wesner Rd, and then right onto PA-73 E/Main St. Follow PA-73 E, and at the traffic circle, continue straight onto PA-662 S/PA-73 E. The property will be on the right. The property is located in Berks County.

Key Highlights

• Water and creek/stream view
• Central air conditioning for comfortable living
• Forced air heating

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$212,848

Cap Rate

6.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,256,960 $4.3M

Cap Rate 7%

$3,040,686 $3.0M

Cap Rate 9%

$2,364,978 $2.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 20,992 SF

Gross rent

$317.4K $15.12/SF

− Vacancy

−$13.3K −$0.64/SF

EGI

$304.1K $14.48/SF

− OpEx

−$91.2K −$4.35/SF

NOI

$212.8K $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%

$4,256,960

Cap Rate 7%

$3,040,686

Cap Rate 9%

$2,364,978

Alternative Uses

Best Use

Retail

$3.04M

$2.66M – $3.55M (±1% cap)

NOI $212,848 @ 7.0% cap · market cap 6.26%

Second Best

Warehouse

$2.12M

$1.86M – $2.48M (±1% cap)

NOI $148,732 @ 7.0% cap · market cap 4.37%

Theoretical Best

Office A

$3.45M

$3.02M – $4.02M (±1% cap)

NOI $241,223 @ 7.0% cap · market cap 7.09%

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

Property Analytics

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Current Use

Rota-Mill, Inc. Construction Company

Suggested Use

Top Pick Building Supply Real Estate Agency Storage Facility Garden Center Grocery & Convenience Store Pharmacy

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

26

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 19547, PA

4,429

Population

2,042

Households

2.2

Avg Household Size

48

Median Age

38%

College-Educated

95%

High-School Grad

28.5 sq mi

ZIP Area

155

Density / Sq Mi

$89,259

Median Household Income

$57,500

Median Earnings

$1,178

Median Rent

$296,500

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Similar Off Market Nearby

• Hoover Storage — 881 Memorial Hwy, Oley, PA 19547

Frequently Asked Questions

What type of property is this?

Warehouse - Commercial property available for sale in Oley, Pennsylvania.

Where is this warehouse located?

The property is located at 784 & 792 Memorial Hwy Oley, PA.

What is the asking price?

The asking price for this property is $3,400,000.

What are key features of this property?

This property features: Water and creek/stream view; Central air conditioning for comfortable living; Forced air heating