Property profile

1011 Park Rd Wyomissing, PA 19610

OFF-MARKET
Office buildings
Property ID
US73-0094235
15,744 SF 2.2 ac lot Built 1961
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1961
Total area 15,744 SF
Lot 2.2 ac (95,832 SF)
APN 4397-16-94-0876
UPID US73-0094235

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1011 Park Rd Wyomissing, PA 19610-9000
Wyomissing metro Census 11101 READING, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.29M
CAP Approach CAP
$2.17M
Comparable Approach Comparable
$2.62M
Blend (final) Blend
$2.23M

Owner & transaction history

since 2021
Last sale
$2.2M
6 recorded transactions
2021
$2.2M
2016
Price N/A
2016
Price N/A
2006
$856,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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