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Property profile & analytics
OFF-MARKET
Estimated value
$2,980,000
Office buildings
1150 Berkshire Blvd, Wyomissing, PA 19610-1208
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-2244079
Property summary
AI-generated overview
This exceptional Class A medical office building, located at 1150 Berkshire Blvd in Wyomissing, Pennsylvania (zip code 19610), offers multiple suites for lease. The building, constructed in 1987, boasts a total of 26,707 square feet situated on a 2.08-acre lot. Currently, there are 3,152 square feet of vacant space available, divisible into units ranging from a minimum of 1,204 square feet to a maximum contiguous space of 1,948 square feet. The building features a total of two suites. Ample parking is provided, with a ratio of 4.42 spaces per 1,000 square feet. The property is zoned C-2, Retail Commercial District, and its APN is 96-4397-18-42-3438. This prime location in Berks County offers easy access to major roadways and amenities. The building is well-maintained and caters to a variety of medical and professional tenants. The lease includes full-service amenities, such as janitorial services and CAM. This is an excellent opportunity for medical professionals seeking a prestigious and convenient location to establish or expand their practice. Interested parties should inquire about available suite sizes and lease terms.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
29,310 SF
Lot
2.09 ac (91,040 SF)
APN
4397-18-42-3438
UPID
US73-2244079
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.11M
CAP Approach
CAP
$4.03M
Comparable Approach
Comparable
$3.77M
Blend (final)
Blend
$2.98M
Owner & transaction history
Hatzlucha Berkshire LLC · 6 yrs held
Hatzlucha Berkshire LLC
since 2020
Last sale
$2.8M
5 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 Wyomissing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wyomissing 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
$3,150,000
ML approach
$3,110,000
CAP Approach
CAP Return
Estimation
6%
$4,365,000
6.5%
$4,030,000
7%
$3,740,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,900,000
Current use
MEDICAL BUILDING
$4,855,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±10% · vs last sale $2.83M (Jan 10 2020)
Last sale anchor
$2.83M
Jan 10 2020
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
$102 / 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
$21,342
Tax year 2024
Assessed value
$1,552,700
Assessed 2024
Previous assessed
$1,552,700
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$684,800
Assessed improvement
$867,900
Land market value
$684,800
Improvement market value
$867,900
Total market value
$1,552,700
Applied tax rate
96.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Heating
NONE
Stories
2
Total area
29,310 SF
Lot
2.09 ac (91,040 SF)
APN
4397-18-42-3438
UPID
US73-2244079
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
OFFICE BUILDING Current
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.9M
OFFICE BUILDING Current
MEDICAL BUILDING
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
1987
Heating
NONE
Stories
2
Lot
2.09 ac
Current owner
From public records · entity-resolved
Hatzlucha Berkshire LLC
Entity
Mailing address
144 RTE 59TH 4TH STE #4, SUFFERN, NY 10901-5007
Ownership since
2020
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
Mar 16, 2022
—
Hatzlucha Berkshire LLC
—
Deed
related
$2,906,250 · American Heritage FCU
Jan 10, 2020
$2,825,000
Hatzlucha Berkshire LLC
Rockford Berkshire LLC
Grant Deed
$2,260,000 · Centric Bk NA
Mar 14, 2013
$7,700,000
Rockford Berkshire LLC
Berkshire Office Partners LP
Grant Deed
related
$4,400,000 · Fulton Bank
—
—
Berkshire Office Partners LP
—
Deed Of Trust
related
$7,350,000 · Us Bk NA Series 2004-c1 (ce)
—
—
Periandi,adrienne B
—
Deed Of Trust
related
$30,000 · Leesport 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.
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