Building Details

Building Size 81,500 SF

Listed By: John Buccinno, SIOR CCIM Show Phone

Source: Naiglobal

Added: Feb 26 Changed: Oct 13 Last Checked: Oct 19 at 5:03AM

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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 John Buccinno, SIOR CCIM

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Investment Insights

Based on property information with market context.

This offering consists of three retail buildings. All are described as fully renovated, and the center includes a grocery building constructed in 2011. The property also provides plenty of on-site surface parking.

The seller notes heavy day time traffic in a high-density neighborhood. The listing is presented as a retail-focused shopping center asset.

As configured, the buildings offer a multi-structure retail footprint with a dedicated grocery component and parking designed to support day-to-day customer access.

Key Highlights

• Three fully renovated retail buildings
• Includes a grocery building constructed in 2011
• Plenty of on‑site surface parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$826,367

Cap Rate

8.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$16,527,340 $16.5M

Cap Rate 7%

$11,805,243 $11.8M

Cap Rate 9%

$9,181,856 $9.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 81,500 SF

Gross rent

$1.23M $15.12/SF

− Vacancy

−$51.8K −$0.64/SF

EGI

$1.18M $14.48/SF

− OpEx

−$354.2K −$4.35/SF

NOI

$826.4K $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%

$16,527,340

Cap Rate 7%

$11,805,243

Cap Rate 9%

$9,181,856

Alternative Uses

Best Use

Retail

$11.81M

$10.33M – $13.77M (±1% cap)

NOI $826,367 @ 7.0% cap · market cap 8.93%

Second Best

Specialty Retail

$11.59M

$10.14M – $13.52M (±1% cap)

NOI $810,994 @ 7.0% cap · market cap 8.77%

Theoretical Best

Office A

$13.38M

$11.71M – $15.61M (±1% cap)

NOI $936,533 @ 7.0% cap · market cap 10.12%

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

Property Analytics

Current Use

Varahi Partners LLC Pharmacy Super Dollars Store Discount Store

Suggested Use

Top Pick Real Estate Agency Dental Office Skin Care Clinic Gym & Fitness Center (Bike/Boat/Book/etc) Store Acupuncture

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

1,427

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 19604, PA

29,347

Population

10,089

Households

2.9

Avg Household Size

29

Median Age

10%

College-Educated

70%

High-School Grad

2.5 sq mi

ZIP Area

11,739

Density / Sq Mi

$52,863

Median Household Income

$30,975

Median Earnings

$1,100

Median Rent

$110,800

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - Three fully renovated retail buildings include a grocery building constructed in 2011 with ample on-site surface parking.

Where is this shopping center located?

The property is located at 800 Oley Street 810 E Oley St 830 Oley St Reading, PA.

What is the asking price?

The asking price for this property is $9,250,000.

What are key features of this property?

This property features: Three fully renovated retail buildings; Includes a grocery building constructed in 2011; Plenty of on‑site surface parking