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    Property profile & analytics

    1011 Park Rd Wyomissing, PA 19610-9000

    • Office buildings
    • 15,744 SF
    • 2.20 lot acres
    OFF-MARKET
    Value Estimation
    $2,230,000
    Last Sale
    Jul 08, 2021
    $2,160,000
    Location Intelligence
    Property ID
    US73-0094235
    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

    • Office buildings

    Property Details for 1011 Park Rd

    Year built
    1961
    Lot size
    2.20 lot acres
    Property size
    15,744 SF
    Property type
    Office buildings
    APN
    4397-16-94-0876
    APU
    439716940876

    Description

    This exceptional 17,725-square-foot office and flex space facility, situated at 1011 N. Park Road in Wyomissing, Pennsylvania, presents a unique opportunity for businesses seeking a prominent location. Built in 1961 and extensively renovated in 2048, this single-story building boasts high-end interior finishes and updated infrastructure, offering a potential "plug-and-play" solution for a company seeking new headquarters. The property sits on a 2.2-acre lot and features 5,590 square feet of currently vacant space, ideal for immediate occupancy. The building includes 65 total parking spaces, catering to employee and client needs. Its strategic location within the commercial core of Berks County provides superb access to major roadways, ensuring convenient commutes and efficient logistics. The C-2 Retail Commercial zoning allows for a variety of uses, making this property highly versatile. The property's APN is 96-4397-16-94-0876. This is a single-tenant building, offering a unique opportunity for a company to establish a strong presence in a thriving Berks County market. Both lease and sale opportunities are available. This trophy asset offers a blend of modern amenities and a prime location, making it an attractive investment or lease opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,230,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,190,000
      6.5%
      $2,085,000
      7%
      $2,185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,975,000
      Geo Method
      $2,485,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,130,000
      Retail
      $1,910,000
      Mixed-Use
      $1,830,000
      Hospitality
      $2,055,000
      Educational
      $2,565,000
      Residential Income
      $2,045,000
      Energy
      $2,500,000
      Income-Based Land
      $2,540,000
      Food Service
      $2,315,000

    Location Insight

    • Map
    • Local Demand
    City
    Wyomissing
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.959
    Latitude
    40.3486
    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
    $15,438
    $411,400
    $711,800
    $1,123,200
    -
    $411,400
    $711,800
    $1,123,200

    Comparable in this City

    • Value Estimation by Request
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    • 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

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    1011 Park Rd
    Wyomissing, PA 19610-9000
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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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