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    2 Meridian Blvd Wyomissing, PA 19610
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    Property profile & analytics

    2 Meridian Blvd Wyomissing, PA 19610

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    • Office buildings
    • 69,804 SF
    • 6.95 lot acres
    For Lease
    $22 SF/Yr
    View Listing →
    Class A Office Space Available For Lease
    $22 SF/Yr
    70,000 SF

    Class A Office Space Available

    Professionally managed office building with highway access and retail amenities.

    2 Meridian Blvd, Wyomissing, PA 19610
    View Listing
    Property ID
    US73-5836221
    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
    $9,370,000
    Cap Rate Potential
    6.6%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 2 Meridian Blvd

    Year built
    1990
    Lot size
    6.95 lot acres
    Property size
    69,804 SF
    Property type
    Office buildings
    APN
    4397-09-26-2824
    APU
    439709262824

    Description

    This Class A office building in Wyomissing, Pennsylvania, offers multiple creative office spaces for lease. Located at 2 Meridian Blvd, 19610, this professionally managed property boasts convenient access to major highways and is directly across from a large retail center providing ample employee amenities. The building is situated in Berks County and offers a variety of suite sizes, ranging from 1,350 square feet to 4,903 square feet. Currently, a 2,400 square foot office space is available on the second floor. The building's total square footage is not currently specified. This prime location provides an ideal environment for businesses seeking modern, efficient, and conveniently located office space. The building's "Creative Office" designation suggests a flexible and adaptable layout suitable for a variety of businesses. The immediate proximity to a retail power center enhances the overall appeal and convenience for employees. This property presents a unique opportunity to secure high-quality office space in a desirable location. Interested parties should inquire for further details and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,490,000
      ML approach
      $10,790,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,400,000
      6.5%
      $9,600,000
      7%
      $8,910,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,632,000
      Market price range: $8.98M - $17.1M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $11,670,000
      Current use
      MEDICAL BUILDING
      $11,565,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wyomissing
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9833
    Latitude
    40.3543
    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
    $66,715
    $586,500
    $4,409,000
    $4,995,500
    -
    $586,500
    $4,409,000
    $4,995,500

    Comparable in this City

    • Value Estimation
      $6,075,000
      47,500 SF

      1130 Berkshire Blvd

      OFFICE BUILDING • 47,500 SF
      1130 Berkshire Blvd, Wyomissing, PA 19610-1242
      View Details
    • Value Estimation
      $1,440,000
      14,032 SF

      1310 Broadcasting Rd

      OFFICE BUILDING • 14,032 SF
      1310 Broadcasting Rd, Wyomissing, PA 19610-3220
      View Details
    • Value Estimation
      $2,170,000
      25,092 SF

      1200 Broadcasting Rd

      OFFICE BUILDING • 25,092 SF
      1200 Broadcasting Rd, Wyomissing, PA 19610-3206
      View Details
    • Value Estimation
      $925,000
      8,264 SF

      10 Canal St

      OFFICE BUILDING • 8,264 SF
      10 Canal St, Reading, PA 19610
      View Details
    • Value Estimation
      $780,000
      6,480 SF

      2240th Ridgewood Rd

      OFFICE BUILDING • 6,480 SF
      2240th Ridgewood Rd, Wyomissing, PA 19610-1167
      View Details
    • Value Estimation
      $1,125,000
      4,643 SF

      2201 Ridgewood Rd

      OFFICE BUILDING • 4,643 SF
      2201 Ridgewood Rd, Wyomissing, PA 19610-1189
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Class A Office Building

      Professional office space with amenities in a convenient location.
      1 Meridian Blvd, Wyomissing, PA 19610
      View Details
    • $11,700,000
      6,363 SF

      Reading Office Building For Sale

      6,363 SF office building available in Reading, Pennsylvania.
      950 N Wyomissing Blvd, Reading, PA 19610
      View Details
    • Contact for pricing

      Wyomissing Office/Medical & Warehouse Space

      22,060 SF office/medical space with 4,800 SF warehouse.
      625-627 Spring St, Reading, PA 19610
      View Details
    • Contact for pricing
      1,250 SF

      Wyomissing Office Space For Lease

      1,250 SF second floor office space available for lease.
      904 Penn Ave, Wyomissing, PA 19610
      View Details
    • Contact for pricing
      0.62 Acres

      Wyomissing Office Suite - 1680 SF

      Prime Wyomissing location, ample parking, highway access.
      420 Park Rd, Wyomissing, PA 19610
      View Details
    • $3,990,000
      26,860 SF

      Prime Reading Office Investment

      Spacious office/warehouse, strong tenants
      625-627 Spring St, Reading, PA 19610
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space in Wyomissing, PA

      Modern office space with flexible floor plans available for lease.
      925 Berkshire Blvd, Wyomissing, PA 19610
      View Details
    • Contact for pricing

      Wyomissing Borough Class B Office

      Two-story Class B office building in Wyomissing Borough.
      833 N Park Rd, Wyomissing, PA 19610
      View Details
    • Contact for pricing

      Office Building in Corporate Campus

      Located in a well-known office campus with highway access.
      1200 Broadcasting Rd, Wyomissing, PA 19610
      View Details
    • Contact for pricing

      Wyomissing Borough Class B Office

      Two-story Class B office space available for rent.
      833 N Park Rd, Reading, PA 19610
      View Details
    • Contact for pricing
      5,162 SF

      Wyomissing Office Building For Rent

      Multi-tenanted office building in Wyomissing Professional Center.
      955 Berkshire Blvd, Reading, PA 19610
      View Details
    • $22 SF/Yr

      Class A Office Building

      Class A office building for lease in Wyomissing, PA.
      1150 Berkshire Blvd, Wyomissing, PA 19610
      View Details
    View Listing
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    Wyomissing, PA 19610
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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.

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