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    1510 Main St Shoemakersville, PA 19555-1800
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    Property profile & analytics

    1510 Main St, Shoemakersville, PA 19555-1800

    View on Map
    • Warehouses
    • 517,157 SF
    • 63.90 lot acres
    Off-Market
    Last Sale Apr 9, 2025
    Property ID
    US73-4243298
    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
    $36,925,000
    Show details
    Cap Rate Potential
    7.3%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Hydrofarm East / Building Supply
    • Sherwood bedding / Industrial Manufacturer / Production Facility

    Property Details for 1510 Main St

    Year built
    2019
    Lot size
    63.90 lot acres
    Property type
    Warehouses
    APN
    4493-01-37-3009
    APU
    449301373009

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 9, 2025 — Pas 1510 Main LLC Civf Vi - Pa1b01 LLC Deed —
    Oct 24, 2022 — Civf Vi Paiboi LLC — Deed · related $226M · Equitable Financial Life Insurance Compa
    Jan 2, 2020 $45,250,000 Civf Vi-pa1b01 LLC Valley W Logistics Ctr Bldg I Grant Deed —
    Oct 26, 2018 — Valley W Logistics Ctr Bldg 1 — Grant Deed · related $21.5M · Wells Fargo Bk
    Aug 3, 2018 — Valley W Logistics Ctr Bldg I Penn Street LP Quit Claim Deed · related —
    Jun 25, 2018 $6,300,000 Valley W Logistics Ctr Bldg I Penn Street LP Grant Deed —
    May 24, 2017 — Penn Street LP — Deed · related $6.3M · Miscellaneous Ins Co
    Apr 21, 2005 $400,000 Le Partners Dietrich,stella A Grant Deed $320k · Blue Ball National Bank
    — — Penn Street LP — Deed Of Trust · related $6.3M · Miscellaneous Ins Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $31,055,000
      Market price range: $17.4M - $60.9M
      AI Estimate
      $36,690,000
      Market price range: $12.0M - $74.5M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $36,340,000
      Current use
      AUTO REPAIR, GARAGE
      $55,310,000
      Change: +52% Conversion: Easy
      OFFICE BUILDING
      $50,355,000
      Change: +39% Conversion: Difficult
      RESTAURANT
      $46,225,000
      Change: +27% Conversion: Difficult
      RETAIL STORES
      $34,240,000
      Change: -6% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $33,670,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Shoemakersville
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9753
    Latitude
    40.5198
    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
    $205,991
    $6,102,600
    $16,392,700
    $22,495,300
    -
    $6,102,600
    $16,392,700
    $22,495,300

    Comparable in this City

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      $19,400,000
      325,640 SF

      311 Logistics Dr

      WAREHOUSE, STORAGE
      311 Logistics Dr, Shoemakersville, PA 19555-2204
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    • Value Estimation
      $910,000
      14,506 SF

      108 Berkley Rd

      WAREHOUSE, STORAGE
      108 Berkley Rd, Shoemakersville, PA 19555
      View Details
    • Value Estimation by Request
      1.89 Acres

      681 Mohrsville Rd

      WAREHOUSE, STORAGE
      681 Mohrsville Rd, Shoemakersville, PA 19555-9714
      View Details
    • Value Estimation by Request
      192 SF

      1069th Pottsville Pike

      WAREHOUSE, STORAGE
      1069th Pottsville Pike, Shoemakersville, PA 19555-9749
      View Details
    • Value Estimation by Request
      1,056 SF

      Shoemakersvlle Rd

      WAREHOUSE, STORAGE
      Shoemakersvlle Rd, Shoemakersville, PA 19555
      View Details
    • Value Estimation by Request
      2,600 SF

      635 Mohrsville Rd

      MINI-WAREHOUSE, STORAGE
      635 Mohrsville Rd, Shoemakersville, PA 19555-9714
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      203,700 SF

      Industrial Space in Hamburg Logistics

      128,100 SF industrial space available for lease.
      111 Logistics Dr, Shoemakersville, PA 19555
      View Details
    • Contact for pricing
      203,700 SF

      Shoemakersville Warehouse Space Available

      203,700 square foot warehouse space for lease.
      111 Logistics Dr, Shoemakersville, PA 19555
      View Details
    • Contact for pricing
      600,000 SF

      Class A Industrial Cross-Dock Warehouse

      New industrial cross-dock warehouse space available for rent.
      29 Ludwig Ct, Shoemakersville, PA 19555
      View Details
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    Shoemakersville, PA 19555-1800
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    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
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