Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    999 Berkshire Blvd Wyomissing, PA 19610

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office suites available in Wyomissing Professional Center.

    Type:Office
    Added:
    Apr 9, 2020
    Days on Market:
    2196
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 999 Berkshire Blvd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1990

    Spaces For Lease

    at 999 Berkshire Blvd Contact us

    We can help!

    Listing Contact
    Patrick Zerbe

    Listing agent Patrick Zerbe License #RS356626

    Listing office NAI Keystone Commercial & Industrial, LLC

    Listing date Apr 9, 2020

    Source Crexi

    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 NAI Keystone Commercial & Industrial, LLC

    Overview

    Wyomissing Professional Center Office Space

    Located at 999 Berkshire Blvd. in Wyomissing, PA, this multi-tenant office building is situated within the Wyomissing Professional Center, a mixed-use office and medical campus. The campus provides convenient access to shopping, dining, hospitality services, and public transportation. Its location offers immediate access to Route 422, Route 222, and Route 12. The Wyomissing Professional Center is positioned in the Borough of Wyomissing area of Greater Reading and is in close proximity to hotels, restaurants, and entertainment venues. Various suites are available within the building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wyomissing
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.972697
    Latitude
    40.349333

    Nearby Similar for Lease

    • $10/mo

      Retail Space with Fitted Kitchen

      4,311 SF retail space with high traffic exposure.
      1331 Penn Ave, Wyomissing, PA 19610
      View Details
    • $8/mo

      Professional Office Building in Wyomissing

      Move-in ready office spaces with highway access and on-site parking.
      3 Park Plaza, Wyomissing, PA 19610
      View Details
    • $12/mo

      Professional Office Building in Wyomissing

      Multi-tenant office building with move-in ready spaces and highway access.
      4 Park Plaza, Wyomissing, PA 19610
      View Details
    • $22/mo

      Class A Office Space Available

      Professionally managed office building with highway access and retail amenities.
      2 Meridian Blvd, Wyomissing, PA 19610
      View Details
    • $15/mo

      Wyomissing Office Space for Lease

      Prime office space in Wyomissing Professional Center.
      925 Berkshire Boulevard, Wyomissing, PA 19610
      View Details
    • Contact for pricing

      Proposed Office/Medical/Research Building

      Proposed 60,000 Sq. Ft. Office/Medical/Research building for lease.
      220 N. Park Rd. , Wyomissing, PA 19610
      View Details
    • Contact for pricing

      Premier Commercial Space in Wyomissing

      Modern office space with amenities, parking, and customizable floor plans.
      200 N. Park Road, Wyomissing, PA 19610
      View Details
    • Contact for pricing

      Wyomissing Office Space Available

      Modern 1,725 SF office space in Wyomissing, Pennsylvania.
      320 Abington Dr, Wyomissing, PA 19610-1898
      View Details
    • Contact for pricing

      Professional Office Space For Rent

      Office space in a professionally managed, multi-tenanted facility.
      1210 Broadcasting Rd, Wyomissing, PA 19610
      View Details
    • Contact for pricing

      Wyomissing Professional Center Office Suites

      Office suites for lease in Wyomissing Professional Center.
      975 Berkshire Blvd, Wyomissing, PA 19610
      View Details
    • Contact for pricing

      Wyomissing Corporate Campus Office Space

      Multi-tenanted office campus with medical and back-office operations.
      1010 Reed Ave, Wyomissing, PA 19610
      View Details
    • Contact for pricing

      Wyomissing Professional Center Office Space

      Multi-tenanted office building in the heart of Wyomissing.
      875 Berkshire Blvd , Wyomissing, PA 19610
      View Details

    FAQs

    What type of property is this?
    Office building - Office suites available in Wyomissing Professional Center.
    Where is this office building located?
    The property is located at 999 Berkshire Blvd Wyomissing, PA.
    What are key features of this property?
    This property features: Located in the heart of Wyomissing, PA.; Immediate access to shopping, dining, hospitality, and public transportation.; Multi‑tenant office building with various suites available.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Patrick Zerbe
    Real Estate License ID: RS356626
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!