Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1001 Cmns Blvd Reading, PA 19605

    Property Lookup

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

    1001 Cmns Blvd Reading, PA 19605

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

    Current Use by Public Records

    • Warehouses

    Property Details for 1001 Cmns Blvd

    Year built
    1990
    Property size
    20,600 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 20,600-square-foot warehouse, located at 1001 Commons Boulevard in Reading, Pennsylvania, presents a significant opportunity for industrial businesses. Situated on a generous 2.87-acre lot, this single-tenant property offers ample space and flexibility. Built in 1990, the warehouse boasts impressive ceiling heights ranging from 19'2" to 21'5", providing significant vertical storage capacity. The property features four loading docks and one drive-in door, ensuring efficient loading and unloading operations. The zoning designation is I-1 Limited Industrial District, allowing for a variety of industrial uses. The property's address is 1001 Commons Boulevard, Reading, PA 19605, and its APN is 66-5309-13-14-8448. The entire 20,600 square feet is currently vacant, making it ideal for immediate occupancy. This property is located in Berks County and offers a strategic location for businesses serving the Reading area. The substantial lot size provides ample room for expansion or future development. This is a rare opportunity to secure a well-maintained, spacious warehouse in a desirable location. Contact us today to schedule a viewing.

    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
      138,775 SF

      4408 Pottsville Pike

      Distribution properties • 138,775 SF
      4408 Pottsville Pike, Reading, PA 19605
      View Details
    • Value Estimation by Request
      349,400 SF

      1062 Macarthur Rd

      Distribution properties • 349,400 SF
      1062 Macarthur Rd, Reading, PA 19605
      View Details
    • Value Estimation by Request
      20,600 SF

      1001 Cmns Blvd

      Distribution properties • 20,600 SF
      1001 Cmns Blvd, Reading, PA 19605
      View Details
    • Value Estimation by Request
      45,320 SF

      8 Corporate Dr

      Distribution properties • 45,320 SF
      8 Corporate Dr, Reading, PA 19605
      View Details
    • Value Estimation by Request
      0.55 Acres

      12th St

      WAREHOUSE, STORAGE • 0.55 Acres
      12th St, Reading, PA 19605
      View Details
    • Value Estimation
      $23,300,000
      445,074 SF

      2385 Rte 183

      WAREHOUSE, STORAGE • 445,074 SF
      2385 Rte 183, Reading, PA 19605
      View Details

    Similar Nearby for Sale

    • $350,000
      2,140 SF

      Adaptable Industrial/Flex Space Available

      2,140 SF industrial/flex space in Reading, PA for sale.
      2001 County St, Laureldale, PA 19605
      View Details
    • $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

      Retail Space with Ample Parking

      Retail space with dedicated entrance and abundant parking.
      3401 Plaza Dr, Reading, PA 19605
      View Details
    • Contact for pricing

      Established Pizza/Sandwich Shop Business

      Well-established pizza/sandwich shop with delivery focus. Business only.
      3201 Pottsville Pike, Reading, 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
      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
      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
      234,830 SF

      Industrial Space Available For Lease

      234,880 SF industrial space available for lease.
      2348 Leisczs Bridge Rd, 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
    • $4 SF/Yr

      Industrial Warehouse Space For Lease

      4,200 SF industrial warehouse space available for lease.
      1501 Frush Valley Rd, 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

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