Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1060 Old Bernville Rd Reading, PA 19605-9601
    Back to Search
    Property profile & analytics

    1060 Old Bernville Rd, Reading, PA 19605-9601

    View on Map
    • Office Units
    • 30,034 SF
    • 3.76 lot acres
    Off-Market
    Property ID
    US73-3910125
    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.
    Value Estimations
    $2,670,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 1060 Old Bernville Rd

    Year built
    2014
    Lot size
    3.76 lot acres
    Property type
    Office Units
    APN
    4389-04-80-9362
    APU
    438904809362

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 16, 2019 $1,950,000 Flynn Realty LLC Andrew M Lacey Deed $1.7M · 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 $188k · National Penn Bank
    Oct 23, 2002 $399,900 Fletch Real Estate Thorp & Bria LLC Grant Deed $360k · 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 $1M · Customers Bk
    — — Fletch Real Estate — Deed Of Trust · related $1.6M · Fulton Bank
    — — Fletch Real Estate — Deed Of Trust · related $312k · Fulton Bank

    Property 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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,545,000
      6.5%
      $3,275,000
      7%
      $3,040,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,603,000
      Market price range: $557k - $3.37M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $4,000,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9941
    Latitude
    40.3916
    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
    $14,863
    $413,300
    $738,400
    $1,151,700
    -
    $413,300
    $738,400
    $1,151,700

    Comparable in this City

    • Value Estimation by Request
      10.63 Acres

      Snyder Rd

      Land
      0 Snyder Rd, Reading, PA 19605
      View Details
    • Value Estimation by Request
      18.14 Acres

      250 Hartman Rd

      INDUSTRIAL - VACANT LAND
      250 Hartman Rd, Reading, PA 19605-2892
      View Details
    • Value Estimation by Request
      0.80 Acres

      2501 Kutztown Rd

      PARKING LOT
      2501 Kutztown Rd, Reading, PA 19605-2961
      View Details
    • Value Estimation by Request
      0.25 Acres

      3325 Ctr Ave

      VACANT COMMERCIAL LAND
      3325 Ctr Ave, Reading, PA 19605
      View Details
    • Value Estimation by Request
      8.22 Acres

      Leisczs Brg Rd

      INDUSTRIAL - VACANT LAND
      Leisczs Brg Rd, Reading, PA 19605
      View Details
    • Value Estimation by Request
      0.12 Acres

      3513 Montclair Ave

      PARKING LOT
      3513 Montclair Ave, Laureldale, PA 19605
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Laureldale Industrial/Commercial Building For Sale

      26,000 SF industrial/commercial building with parking lot.
      3146 Marion St, Reading, PA 19605
      View Details
    • Contact for pricing

      Reading Commercial Property Investment Opportunity

      Two buildings with 80% occupancy in Reading, PA.
      2101 Centre Ave, Reading, PA 19605
      View Details
    • $5,950,000

      Manufacturing Building Near Major Highways

      Manufacturing building on 3.49 acres with M-C zoning.
      615 Hiesters Ln, Reading, PA 19605
      View Details
    • $5,950,000

      Manufacturing Building Near Major Highways

      171,181 SF manufacturing building with easy highway access.
      615 Hiesters Ln, Reading, PA 19605
      View Details
    • $944,900
      0.21 Acres

      Detached 7-Unit Investment Property

      Well-maintained 7-unit property in Muhlenberg Township with strong cash flow.
      145 Spring Valley Rd, Muhlenberg Township, PA 19605
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Affordable Office Space Available

      Office space for rent in Berks County, Pennsylvania.
      4641 Pottsville Pike, Reading, PA 19605
      View Details
    • Contact for pricing

      Industrial Space with Loading Docks

      88,000 SF industrial space featuring nine loading docks.
      400 Corporate Dr, Reading, PA 19605
      View Details
    • Contact for pricing
      37,500 SF

      Reading Warehouse Space Available

      37,500 sqft warehouse space for lease in Reading, PA.
      1157 Arnold Rd, Reading, PA 19605
      View Details
    • Contact for pricing

      Laureldale Pad Site Available

      Pad site ideal for fast food, coffee, or bank.
      3500 Kutztown Rd, Laureldale, PA 19605
      View Details
    • Contact for pricing

      Commercial Property for Rent

      Commercial property available for rent at 200 Corporate Drive.
      200 Corporate Dr, Reading, PA 19605
      View Details
    • $4 SF/Yr

      Industrial Warehouse Space For Lease

      4,200 SF industrial warehouse space available for lease.
      1501 Frush Valley Rd, Reading, PA 19605
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1060 Old Bernville Rd
    Reading, PA 19605-9601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1060 Old Bernville Rd, Reading, PA, 19605
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!