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Property profile & analytics
OFF-MARKET
Estimated value
$2,670,000
Office Units
1060 Old Bernville Rd Reading, PA 19605-9601
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-3910125
Property summary
AI-generated overview
This commercial space, typically offered for lease, is located at 1060 OLD BERNVILLE ROAD in Reading, Pennsylvania. The property is zoned for office and retail use and has a lot size of 0 acres.
Property profile
Verified
Property type
Office Units
Use group
WAREHOUSE, STORAGE
Year built
2014
Total area
30,034 SF
Lot
3.76 ac (163,786 SF)
APN
4389-04-80-9362
UPID
US73-3910125
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
Current use
Occupant on record · Public records
-
Lacey Electric Electrical Service General Contractor
-
Reading Technologies Corporate Office
-
Miele Amusements Big Box & Wholesale Store
-
Reading Technologies Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.28M
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$2.67M
Owner & transaction history
Flynn Realty LLC · 7 yrs held
Flynn Realty LLC
since 2019
7 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 Reading submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reading 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,545,000
6.5%
$3,275,000
7%
$3,040,000
Alternative Use
Use
Estimation
RESTAURANT
$4,000,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.67M
Range $2.40M – $2.94M · ±10%
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
$89 / 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
$14,863
Tax year 2024
Assessed value
$1,151,700
Assessed 2024
Previous assessed
$1,151,700
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$413,300
Assessed improvement
$738,400
Land market value
$413,300
Improvement market value
$738,400
Total market value
$1,151,700
Applied tax rate
27.0000
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 Units
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2014
Heating
NONE
Stories
5
Total area
30,034 SF
Lot
3.76 ac (163,786 SF)
APN
4389-04-80-9362
UPID
US73-3910125
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
RESTAURANT
Est. value
$4.0M
RESTAURANT
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
2014
Heating
NONE
Stories
5
Lot
3.76 ac
Current owner
From public records · entity-resolved
Flynn Realty LLC
Entity
Mailing address
1060 OLD BERNVILLE RD, READING, PA 19605-9601
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2019
$1,950,000
Flynn Realty LLC
Andrew M Lacey
Deed
$1,657,500 · Vist Financial
Apr 21, 2014
—
Andrew M Lacey
Lacey,andrew L & Alison L
Quit Claim Deed
related
—
Oct 21, 2013
$395,000
Andrew M Lacey
Vsm Properties LLC
Grant Deed
—
Jan 27, 2011
$375,000
Vsm Properties LLC
Fletch Real Estate LP
Grant Deed
$187,500 · National Penn Bank
Oct 23, 2002
$399,900
Fletch Real Estate
Thorp & Bria LLC
Grant Deed
$359,910 · Thorp & Bria LLC
Dec 7, 2001
$347,750
Thorp & Bria LLC
Bern West Ridge INC
Grant Deed
—
—
—
Lely Classics Drive LLC
—
Deed Of Trust
related
$1,000,000 · Customers Bk
—
—
Fletch Real Estate
—
Deed Of Trust
related
$1,600,000 · Fulton Bank
—
—
Fletch Real Estate
—
Deed Of Trust
related
$312,000 · Fulton 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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