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Property profile & analytics
FOR LEASE
Outlet malls
1064 Memorial Hwy Oley, PA 19547
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-3039292
For Lease
1 / 7
$1,200/Mo
1064 Memorial Hwy, Oley, PA 19547
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1968
Total area
5,432 SF
Lot
1.12 ac (48,787 SF)
APN
5348-07-59-0357
UPID
US73-3039292
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
-
Clear Flow Water Solutions Plumbing Service General Contractor
-
Hometown Dental Care Dental Office
-
Dr. Damon V. Tomeo, DMD Dental Office
-
Damon Vincent Tomeo Dental Office
-
Safeway Water Water Treatment Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$606k
Blend (final)
Blend
$560k
Owner & transaction history
Parker Property Management LLC · 9 yrs held
Parker Property Management LLC
since 2016
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$875,000
+142.9%
Auto repair, garage
$580,000
+61.5%
Office building
$530,000
+47.1%
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 Oley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oley 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$360,000
Current use
MEDICAL BUILDING
$875,000
Change: +143% · Conversion: Difficult
AUTO REPAIR, GARAGE
$580,000
Change: +62% · Conversion: Difficult
OFFICE BUILDING
$530,000
Change: +47% · Conversion: Easy
RESTAURANT
$485,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$380,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$355,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$103 / 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
$4,280
Tax year 2024
Assessed value
$331,800
Assessed 2024
Previous assessed
$331,800
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$65,800
Assessed improvement
$266,000
Land market value
$65,800
Improvement market value
$266,000
Total market value
$331,800
Applied tax rate
67.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1968
Heating
NONE
Buildings
2
Stories
1
Total area
5,432 SF
Lot
1.12 ac (48,787 SF)
APN
5348-07-59-0357
UPID
US73-3039292
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
RETAIL STORES Current
Est. value
$360,000
MEDICAL BUILDING
Est. value
$875,000
AUTO REPAIR, GARAGE
Est. value
$580,000
OFFICE BUILDING
Est. value
$530,000
RESTAURANT
Est. value
$485,000
WAREHOUSE, STORAGE
Est. value
$380,000
COMMERCIAL (GENERAL)
Est. value
$355,000
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1968
Heating
NONE
Stories
1
Buildings
2
Lot
1.12 ac
Current owner
From public records · entity-resolved
Parker Property Management LLC
Entity
Mailing address
1064 MEMORIAL HWY, OLEY, PA 19547-8964
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2016
$560,000
Parker Property Management LLC
David R Kessler
Deed
—
Feb 22, 2011
—
David R Kessler
Kessler,david R & Gail D
Quit Claim Deed
related
$483,000 · Fleetwood Bank
—
—
David R Kessler
—
Deed Of Trust
related
$168,000 · National Penn Bank
—
—
David R Kessler
—
Deed Of Trust
related
$120,000 · National Penn Bank
—
—
Kessler,david R Etal
—
Deed Of Trust
related
$647,500 · National Penn Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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