Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1001 Cmns Blvd Reading, PA 19605
    Back to Search
    Property profile & analytics

    1001 Cmns Blvd, Reading, PA 19605

    View on Map
    • Warehouses
    • 20,600 SF
    • 2.87 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1001 Cmns Blvd

    Year built
    1990
    Lot size
    2.87 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 20,600-square-foot warehouse, situated on a 2.87-acre lot in Reading, Pennsylvania, presents a compelling investment opportunity. Built in 1990 and located in the I-1 Limited Industrial District (Muhlenberg Township), this property boasts a range of desirable features. The warehouse features impressive ceiling heights ranging from 19'2" to 21'5', making it ideal for various industrial uses. Loading and unloading are efficient with four loading docks equipped with levelers, complemented by one drive-in door. The property benefits from a fully sprinklered dry system, a rubber roof installed in 2017 with a 20-year warranty, and energy-efficient LED lighting. Climate control is ensured with fully installed air conditioning and heating systems. Utilities include public sewer, water, and natural gas. The property's strategic location in Berks County, PA, offers convenient access to major transportation arteries, including Route 61, I-78, Route 422, and I-76. The tax ID is 66-5309-13-14-8448. This well-maintained warehouse is ready for immediate occupancy and presents a strong return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9501
    Latitude
    40.4038

    Comparable in this City

    • Value Estimation by Request
      20,600 SF

      1001 Cmns Blvd

      Distribution properties
      1001 Cmns Blvd, Reading, PA 19605
      View Details
    • Value Estimation by Request
      138,775 SF

      4408 Pottsville Pike

      Distribution properties
      4408 Pottsville Pike, Reading, PA 19605
      View Details
    • Value Estimation by Request
      349,400 SF

      1062 Macarthur Rd

      Distribution properties
      1062 Macarthur Rd, Reading, PA 19605
      View Details
    • Value Estimation by Request
      45,320 SF

      8 Corporate Dr

      Distribution properties
      8 Corporate Dr, Reading, PA 19605
      View Details
    • Value Estimation by Request
      816 SF

      Crystal Rock Rd

      WAREHOUSE, STORAGE
      Crystal Rock Rd, Reading, PA 19605
      View Details
    • Value Estimation by Request
      432 SF

      1048 Van Reed Rd

      WAREHOUSE, STORAGE
      1048 Van Reed Rd, Reading, PA 19605-9452
      View Details

    Similar Nearby for Sale

    • $5,950,000

      Manufacturing Building Near Major Highways

      Manufacturing building on 3.49 acres with M-C zoning.
      615 Hiesters Ln, Reading, PA 19605
      View Details
    • $5,950,000

      Manufacturing Building Near Major Highways

      171,181 SF manufacturing building with easy highway access.
      615 Hiesters Ln, Reading, PA 19605
      View Details
    • Contact for pricing
      20,000 SF

      Versatile Flex Space For Sale

      20,000 SF flex space suitable for various uses.
      500 George St, Reading, PA 19605
      View Details
    • Contact for pricing

      Laureldale Industrial/Commercial Building For Sale

      26,000 SF industrial/commercial building with parking lot.
      3146 Marion St, Reading, PA 19605
      View Details
    • $944,900
      0.21 Acres

      Detached 7-Unit Investment Property

      Well-maintained 7-unit property in Muhlenberg Township with strong cash flow.
      145 Spring Valley Rd, Muhlenberg Township, PA 19605
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      171,181 SF

      Hiesters Lane Warehouse Trio

      Three industrial spaces available; 9,298 - 96,635 SF
      615 Hiesters Ln, Reading, PA 19605
      View Details
    • Contact for pricing

      Industrial Space with Loading Docks

      88,000 SF industrial space featuring nine loading docks.
      400 Corporate Dr, Reading, PA 19605
      View Details
    • Contact for pricing
      22,500 SF

      Industrial Spaces in Muhlenberg Township

      Two industrial spaces available with direct access to Route 61.
      4430 Pottsville Pike, Reading, PA 19605
      View Details
    • Contact for pricing
      48,000 SF

      Reading Warehouse Space Available

      Up to 48,000 SF available in Reading, Pennsylvania.
      700 Corporate Dr, Reading, PA 19605
      View Details
    • Contact for pricing
      37,500 SF

      Reading Warehouse Space Available

      37,500 sqft warehouse space for lease in Reading, PA.
      1157 Arnold Rd, Reading, PA 19605
      View Details
    • Contact for pricing
      6,670 SF

      Warehouse / Light Manufacturing Space

      6,670 +/- Sq. Ft. warehouse with loading docks.
      1114 Commons Blvd, Reading, PA 19605
      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.
    1001 Cmns Blvd
    Reading, PA 19605
    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

    Thank You for Inquiry
    1001 Cmns Blvd, Reading, PA, 19605
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!