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    Property profile & analytics

    1001 Penn Ave Wyomissing, PA 19610-2031

    • Office buildings
    • 23,627 SF
    • 1.25 lot acres
    OFF-MARKET
    Value Estimation
    $3,365,000
    Last Sale
    Dec 16, 2021
    $3,300,000
    Location Intelligence
    Property ID
    US73-2410329
    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

    • Customers Bancorp, Inc., / Holding Company
    • Commonwealth Charter Academy Family Service Center / School Administration Office

    Property Details for 1001 Penn Ave

    Year built
    1981
    Lot size
    1.25 lot acres
    Property size
    23,627 SF
    Property type
    Office buildings
    APN
    4397-20-90-0099
    APU
    439720900099

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,410,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,215,000
      6.5%
      $3,160,000
      7%
      $2,910,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,175,000
      Geo Method
      $3,205,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,130,000
      Retail
      $3,735,000
      Mixed-Use
      $3,490,000
      Hospitality
      $2,895,000
      Educational
      $3,600,000
      Residential Income
      $3,675,000
      Energy
      $3,120,000
      Income-Based Land
      $2,805,000
      Food Service
      $3,500,000

    Location Insight

    • Map
    • Local Demand
    City
    Wyomissing
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9593
    Latitude
    40.3355
    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
    $26,724
    $467,500
    $1,476,800
    $1,944,300
    -
    $467,500
    $1,476,800
    $1,944,300

    Comparable in this City

    • Value Estimation by Request
      29,550 SF

      1030 Reed Ave

      OFFICE BUILDING • 29,550 SF
      1030 Reed Ave, Wyomissing, PA 19610-2039
      View Details
    • Value Estimation by Request
      14,664 SF

      2650 Westview Dr, Unit J

      OFFICE BUILDING • 14,664 SF
      2650 Westview Dr, Wyomissing, PA 19610-1187
      View Details
    • Value Estimation by Request
      57,070 SF

      1125 Berkshire Blvd

      OFFICE BUILDING • 57,070 SF
      1125 Berkshire Blvd, Wyomissing, PA 19610-1218
      View Details
    • Value Estimation by Request
      70,545 SF

      1105 Berkshire Blvd

      OFFICE BUILDING • 70,545 SF
      1105 Berkshire Blvd, Wyomissing, PA 19610-1222
      View Details
    • Value Estimation
      $2,940,000
      15,040 SF

      935 Berkshire Blvd

      OFFICE BUILDING • 15,040 SF
      935 Berkshire Blvd, Reading, PA 19610-1229
      View Details
    • Value Estimation by Request
      27,275 SF

      875 Berkshire Blvd

      OFFICE BUILDING • 27,275 SF
      875 Berkshire Blvd, Wyomissing, PA 19610-1246
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      336,000 SF

      Class A Office Building

      Class A office building with data center and modern amenities.
      1 Meridian Blvd, Wyomissing, PA 19610
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    • $699,000
      3,500 SF

      Wyomissing Freestanding Two-Unit Property

      Freestanding 2-unit property in the heart of Wyomissing.
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      6,363 SF

      Reading Office Building For Sale

      6,363 SF office building available in Reading, Pennsylvania.
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      View Details
    • Contact for pricing
      0.62 Acres

      Wyomissing Office Suite - 1680 SF

      Prime Wyomissing location, ample parking, highway access.
      420 Park Rd, Wyomissing, PA 19610
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    • $3,990,000
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      Prime Reading Office Investment

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      Prime Office Space Available

      Modern office units for sale in Berks County corporate campus.
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    Similar Nearby for Lease

    • $15 SF/Yr
      24,194 SF

      Spring Ridge Medical Office Space

      Modern medical suites, flexible sizes, prime location.
      1200 Broadcasting Rd, Wyomissing, PA 19610
      View Details
    • Contact for pricing
      12,112 SF

      Wyomissing Office Building For Rent

      Multi-tenanted office building in Wyomissing Professional Center.
      955 Berkshire Blvd, Wyomissing, PA 19610
      View Details
    • Contact for pricing
      5,162 SF

      Wyomissing Office Building For Rent

      Multi-tenanted office building in Wyomissing Professional Center.
      955 Berkshire Blvd, Reading, PA 19610
      View Details
    • Contact for pricing
      16,000 SF

      Wyomissing Borough Class B Office

      Two-story Class B office building in Wyomissing Borough.
      845 N Park Rd, Wyomissing, PA 19610
      View Details
    • $15 SF/Yr
      21,708 SF

      Wyomissing Office Space for Lease

      Prime office space in Wyomissing Professional Center.
      925 Berkshire Blvd, Wyomissing, PA 19610
      View Details
    • $10 SF/Yr

      Reading Office Space For Lease

      Prime office space in Spring Ridge Corporate Campus, Reading, PA.
      1350-D Broadcasting Rd Unit, Reading, PA 19610
      View Details
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    Wyomissing, PA 19610-2031
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    Realmo Value Estimation

    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.

    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.

    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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