96 - 84 COMMERCE DRIVE, Reading, PA 19610

Building Details

Year Built 2000 More

Listing Agency: NextHome Legacy Real Estate n***@nexthomelegacyre.com Show Phone

Listed By: Vincent Rollins Show Phone

Source: Cummingsrealtors

Added: Nov 2 Changed: Nov 6 Last Checked: Nov 6 at 2:25PM

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Investment Insights

Based on property information with market context.

The offering is a restaurant business, not a real estate sale. The operating cafe and catering business occupies a renovated 2,500-square-foot facility at Village Square Shopping Center, with seating for more than 40. The business was established in 1998 and serves breakfast and lunch; it is closed on Sundays.

A new lease may be negotiated with the property management company. The facility is in Wyomissing, Pennsylvania, as identified in the business description.

Key Highlights

• Restaurant business sale; real estate is not included
• Renovated 2,500‑square‑foot facility with seating for 40+
• Established in 1998; cafe service and corporate catering

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,877

Suggested Prices Based on Cap Rates

Cap Rate 5%

$497,540 $497.5K

Cap Rate 7%

$355,386 $355.4K

Cap Rate 9%

$276,411 $276.4K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,500 SF

Gross rent

$35.1K $14.04/SF

− Vacancy

−$1.9K −$0.77/SF

EGI

$33.2K $13.27/SF

− OpEx

−$8.3K −$3.32/SF

NOI

$24.9K $9.95/SF

Area

Berks County, PA

Vacancy

5.50%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$497,540

Cap Rate 7%

$355,386

Cap Rate 9%

$276,411

Alternative Uses

Best Use

Specialty Retail

$355.4K

$311.0K – $414.6K (±1% cap)

NOI $24,877 @ 7.0% cap · market cap 606.76%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$410.4K

$359.1K – $478.8K (±1% cap)

NOI $28,728 @ 7.0% cap · market cap 700.68%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Forensic Accounting Corp Accounting Firm Balloon Your Event Event Planning IdentoGO by IDEMIA Fingerprinting Service Rich REI LLC Real Estate Agency Caring Concept Home ... Home Health Care Service

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

1,102

Businesses Nearby

Under-served

Demand for This Use

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

Market

Average Price Trend$/SF for Conventional restaurants in Berks County, PA

$112 Jul

$125 Aug

$121 Sep

$123 Oct

Properties on Market for Conventional restaurants in Berks County

Jul

Aug

Sep

Oct

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?

Conventional restaurant - The operation combines cafe service with corporate catering from a renovated shopping-center facility.

Where is this conventional restaurant located?

The property is located at 96 - 84 COMMERCE DRIVE Reading, PA.

What are key features of this property?

This property features: Restaurant business sale; real estate is not included; Renovated 2,500‑square‑foot facility with seating for 40+; Established in 1998; cafe service and corporate catering