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    850 Golden Dr Blandon, PA 19510

    • Retail space
    • 32,953 SF
    • 5.10 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1407875
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tory Miksiewicz Clugston / Practitioner Service Location / Family Practice Physician
    • LA Kathy Nails & Spa / Nail Salon / Beauty Salon
    • Ann Henry Home Decor / Store
    • Maidencreek Distributing LLC / Beer Distributor
    • CoinFlip Bitcoin ATM / Investment Service / Money Transfer Service

    Property Details for 850 Golden Dr

    Year built
    2007
    Lot size
    5.10 lot acres
    Property size
    32,953 SF
    Property type
    Retail space
    APN
    5421-19-50-5257
    APU
    542119505257

    Description

    This exceptional medical office opportunity is located within the Maidencreek Towne Center in Blandon, Pennsylvania. The property, situated at 850 Golden Drive, boasts a total of 33,767 square feet across a single, one-story building. Currently, there is one available suite totaling 4,157 square feet, ideal for a variety of medical practices. The center offers a convenient location at the intersection of Park Road and Golden Drive, providing excellent visibility and accessibility. Major transportation routes, including Routes 73, 222, and 422, are easily accessible, ensuring convenient commutes for both staff and patients. The property features ample parking with 150 spaces available for tenants and visitors. The building is classified as Retail and Office, with a specific subtype of Medical Office, and supports multiple tenants. For businesses seeking a customized space, build-to-suit options are available to meet specific operational needs. This property presents a unique opportunity to establish or expand a medical practice in a thriving Berks County location. The property is located in Berks County, Pennsylvania, with a zip code of 19510.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,163,000
      Market price range: $975k - $3.68M
      AI Estimate
      $2,733,000
      Market price range: $1.02M - $2.98M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,180,000
      Current use
      AUTO REPAIR, GARAGE
      $3,525,000
      Change: +62% Conversion: Difficult
      OFFICE BUILDING
      $3,210,000
      Change: +47% Conversion: Easy
      RESTAURANT
      $2,945,000
      Change: +35% Conversion: Easy
      WAREHOUSE, STORAGE
      $2,315,000
      Change: +6% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,145,000
      Change: -2% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,760,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Blandon
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.8613
    Latitude
    40.4442
    CBSA code
    39740
    CBSA name
    READING, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $18,217
    $280,300
    $1,244,800
    $1,525,100
    -
    $280,300
    $1,244,800
    $1,525,100

    Comparable in this City

    • Value Estimation
      $1,290,000
      13,303 SF

      8565 Allentown Pike

      RETAIL STORES (PERSONAL SERVICES) • 13,303 SF
      8565 Allentown Pike, Blandon, PA 19510-9463
      View Details
    • Value Estimation
      $875,000
      8,928 SF

      104 Anna Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,928 SF
      104 Anna Ave, Blandon, PA 19510-9317
      View Details
    • Value Estimation
      $600,000
      6,000 SF

      8537 Allentown Pike

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      8537 Allentown Pike, Blandon, PA 19510-9413
      View Details
    • Value Estimation
      $705,000
      7,936 SF

      8468 Allentown Pike

      RETAIL STORES (PERSONAL SERVICES) • 7,936 SF
      8468 Allentown Pike, Blandon, PA 19510-9473
      View Details
    • Value Estimation
      $635,000
      6,304 SF

      12 Ingot Dr

      RETAIL STORES (PERSONAL SERVICES) • 6,304 SF
      12 Ingot Dr, Blandon, PA 19510-9639
      View Details
    • Value Estimation by Request
      3,300 SF

      8544 Allentown Pike

      RETAIL STORES (PERSONAL SERVICES) • 3,300 SF
      8544 Allentown Pike, Blandon, PA 19510-9460
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      High-traffic retail space, flexible terms.
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      4.55 Acres

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      High-traffic retail space available. Immediate occupancy.
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    • $250,000
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    Similar Nearby for Lease

    • $14 SF/Yr

      Versatile Commercial Space on Rt 222

      Office, flex, distribution, or retail spaces available for rent.
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    • $1,800 /Mo
      198,198 SF

      Retail Space on Route 222

      Retail space available in high-traffic Blandon location.
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      View Details
    • $3,600 /Mo
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      Retail/Flex Space on Rt 222

      3000 SF unit with drive-in bay doors and offices.
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      View Details
    • $1,800 /Mo
      198,198 SF

      Retail/Flex Space on Route 222

      Flexible retail or flex space available in Blandon, PA.
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    • $1,700 /Mo
      52,272 SF

      Blandon Retail/Office Space Available

      Highly visible office/retail space for lease in Blandon, PA.
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    • $1,800 /Mo
      198,198 SF

      Retail/Flex Space in Blandon, PA

      Flexible retail or flex space available for lease in Blandon.
      8520 Allentown Pi, Blandon, PA 19510
      View Details
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    850 Golden Dr
    Blandon, PA 19510
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    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
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