Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    230 Park Rd Wyomissing, PA 19610

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    230 Park Rd Wyomissing, PA 19610

    View on Map
    • Office properties & Spaces
    • 6,300 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 230 Park Rd

    Property size
    6,300 SF
    Property type
    Office properties & Spaces

    Description

    This exceptional two-story office building, located at 230 N Park Rd in Wyomissing, Pennsylvania, offers 6,300 square feet of versatile space. The property is classified as a Class B building and features a traditional office layout, ideal for a variety of businesses. Currently, there is one available space of 3,150 square feet, perfect for a single tenant or easily divisible for multiple occupants. Each floor boasts efficient perimeter office layouts, ensuring ample natural light and comfortable workspaces. The building is move-in ready and includes abundant on-site parking, a significant advantage for employees and clients. Its strategic location provides convenient access to the Wyomissing/West Reading area and the nearby Route 422 highway interchange (approximately a quarter-mile away), ensuring seamless commutes. The building is situated in Berks County, Pennsylvania, with a zip code of 19610. This property presents a fantastic opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving community. The building consists of one structure with two stories, each floor comprising 3,150 square feet. The efficient layout and ample parking make this a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wyomissing
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9571
    Latitude
    40.3399

    Comparable in this City

    • Value Estimation by Request
      32,458 SF

      4 Park Plz

      Office properties & Spaces • 32,458 SF
      4 Park Plz, Wyomissing, PA 19610
      View Details
    • Value Estimation by Request
      43,000 SF

      1010 Reed Ave

      Office properties & Spaces • 43,000 SF
      1010 Reed Ave, Wyomissing, PA 19610
      View Details
    • Value Estimation by Request

      510 Park St

      Office properties & Spaces
      510 Park St, Wyomissing, PA 19610
      View Details
    • Value Estimation by Request
      15,000 SF

      935 Berkshire Pl

      Office properties & Spaces • 15,000 SF
      935 Berkshire Pl, Wyomissing, PA 19610
      View Details
    • Value Estimation by Request
      180,000 SF

      50 Innovation Way

      Office Units • 180,000 SF
      50 Innovation Way, Reading, PA 19610
      View Details
    • Value Estimation by Request

      1350 Broadcasting Rd Unit

      Office properties & Spaces
      1350 Broadcasting Rd Unit, Reading, PA 19610
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.62 Acres

      Wyomissing Office Suite - 1680 SF

      Prime Wyomissing location, ample parking, highway access.
      420 Park Rd, Wyomissing, PA 19610
      View Details
    • $3,990,000
      26,860 SF

      Prime Reading Office Investment

      Spacious office/warehouse, strong tenants
      625-627 Spring St, Reading, PA 19610
      View Details
    • Contact for pricing

      Wyomissing Office Space for Lease

      Second-floor office, 400 sq ft, $550/month
      906 Penn Ave, Wyomissing, PA 19610
      View Details
    • Contact for pricing

      Reading Office Suite - 4809 SF

      Prime Office Space in Spring Ridge
      1350 Broadcasting Rd Unit, Reading, PA 19610
      View Details
    • Contact for pricing

      Wyomissing Office/Medical & Warehouse Space

      22,060 SF office/medical space with 4,800 SF warehouse.
      625-627 Spring St, Reading, PA 19610
      View Details
    • Contact for pricing

      Class A Office Building

      Class A office building with data center and modern amenities.
      1 Meridian Blvd, Wyomissing, PA 19610
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Wyomissing Professional Center Office Suites

      Office suites available for lease in Wyomissing Professional Center.
      975 Berkshire Blvd, Wyomissing, PA 19610
      View Details
    • $22 SF/Yr
      1,350 SF

      Class A Office Space Available

      Professionally managed office building with highway access and retail amenities.
      2 Meridian Blvd, Reading, PA 19610
      View Details
    • Contact for pricing

      Wyomissing Professional Center Office Space

      New construction office space available in Wyomissing Professional Center.
      835 Berkshire Blvd, Wyomissing, PA 19610
      View Details
    • $12 SF/Yr

      Professional Office Building in Wyomissing

      Multi-tenant office building with move-in ready spaces and highway access.
      4 Park Plz, Wyomissing, PA 19610
      View Details
    • Contact for pricing
      3,647 SF

      Professional Office Space in Wyomissing

      Move-in ready office space with on-site parking.
      3 Park Plz, Reading, PA 19610
      View Details
    • Contact for pricing
      176 SF

      Wyomissing Borough Office Space

      Professionally managed Class B office space in Wyomissing Borough.
      833 N Park Rd, Reading, PA 19610
      View Details
    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.
    230 Park Rd
    Wyomissing, PA 19610
    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!