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Property profile & analytics
OFF-MARKET
Estimated value
$3,315,000
Office buildings
1001 Penn Ave, Wyomissing, PA 19610-2031
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-2410329
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
23,627 SF
Lot
1.25 ac (54,450 SF)
APN
4397-20-90-0099
UPID
US73-2410329
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.56M
CAP Approach
CAP
$3.25M
Comparable Approach
Comparable
$4.53M
Blend (final)
Blend
$3.32M
Owner & transaction history
Commonwealth Charter Academy Charte · 4 yrs held
Commonwealth Charter Academy Charte
since 2021
Last sale
$3.3M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wyomissing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wyomissing submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,410,000
ML approach
$3,555,000
CAP Approach
CAP Return
Estimation
6%
$3,520,000
6.5%
$3,250,000
7%
$3,015,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,950,000
Current use
MEDICAL BUILDING
$3,915,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$3.32M
Range $2.98M – $3.65M · ±10% · vs last sale $3.30M (Dec 16 2021)
Last sale anchor
$3.30M
Dec 16 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$140 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$26,724
Tax year 2024
Assessed value
$1,944,300
Assessed 2024
Previous assessed
$1,944,300
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$467,500
Assessed improvement
$1,476,800
Land market value
$467,500
Improvement market value
$1,476,800
Total market value
$1,944,300
Applied tax rate
96.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Heating
NONE
Stories
2
Total area
23,627 SF
Lot
1.25 ac (54,450 SF)
APN
4397-20-90-0099
UPID
US73-2410329
Jurisdiction
BERKS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.9M
OFFICE BUILDING Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Stories
2
Lot
1.25 ac
Current owner
From public records · entity-resolved
Commonwealth Charter Academy Charte
Individual
Mailing address
1 INNOVATION WAY, HARRISBURG, PA 17110-1171
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2021
$3,300,000
Commonwealth Charter Academy Charte
Uhrig Development 1 LLC
Deed
—
Dec 15, 2021
$3,300,000
Pennsylvania Charter Academy Charte
Uhrig Development 1 LLC
Deed
—
Nov 19, 2019
—
Uhrig Dev 1 LLC
—
Grant Deed
related
$2,150,000 · Fulton Bk NA
May 19, 2006
$1,750,000
Uhrig Dev 1 LLC
Penn Avenue Associates
Grant Deed
$3,197,500 · Leesport Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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