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    Property profile & analytics

    2 Wyomissing Ave Mohnton, PA 19540-1916

    • Manufacturing properties
    • 29,814 SF
    • 1.01 lot acres
    OFF-MARKET
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-3004950
    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.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 2 Wyomissing Ave

    Year built
    1905
    Lot size
    1.01 lot acres
    Property size
    29,814 SF
    Property type
    Manufacturing properties
    APN
    4395-18-21-6060
    APU
    439518216060

    Description

    This exceptional flex space property at 2 West Wyomissing Avenue in Mohnton, Pennsylvania, offers a unique opportunity for businesses seeking versatile industrial space. The 19,814-square-foot building sits on a 1.01-acre lot and features a mix of first and second-floor space, totaling 20,000 square feet currently available for lease. Built in 1905 and extensively renovated in 2020, the property boasts modern amenities despite its historic charm. The building includes three dock-high doors and one drive-in door, providing convenient loading and unloading capabilities. Ample parking is available with approximately 15 spaces. The interior features T-8 high-efficiency fluorescent lighting. The property is zoned M - Manufacturing, offering flexibility for a variety of industrial uses. Property taxes are $0.61 per square foot. The building consists of two stories and is currently configured for multiple tenants. Both floors offer at-grade or dock access. This prime location in Mohnton, PA (zip code 19540) provides easy access to major transportation routes. The APN is 65-4395-18-21-6060. This is an excellent opportunity to secure a well-maintained, versatile industrial space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $470,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $908,000
      Market price range: $754k - $2.70M
      AI Estimate
      $598,000
      Market price range: $598k - $1.67M

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

    Location Insight

    • Map
    • Local Demand
    City
    Mohnton
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9836
    Latitude
    40.2836
    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
    $6,543
    $50,000
    $375,000
    $425,000
    -
    $50,000
    $375,000
    $425,000

    Comparable in this City

    • Value Estimation by Request
      5,628 SF

      1550 Bowmansville Rd

      MANUFACTURING (LIGHT) • 5,628 SF
      1550 Bowmansville Rd, Mohnton, PA 19540-9420
      View Details
    • Value Estimation by Request
      5,278 SF

      310 Alleghenyville Rd

      MANUFACTURING (LIGHT) • 5,278 SF
      310 Alleghenyville Rd, Mohnton, PA 19540-8104
      View Details
    • Value Estimation
      $660,000
      11,694 SF

      11 Main St

      MANUFACTURING (LIGHT) • 11,694 SF
      11 Main St, Mohnton, PA 19540-2012
      View Details
    • Value Estimation by Request
      8,420 SF

      6 Frnt St Plz

      MANUFACTURING (LIGHT) • 8,420 SF
      6 Frnt St Plz, Mohnton, PA 19540
      View Details
    • Value Estimation by Request
      1,896 SF

      264 Wyomissing Ave

      MANUFACTURING (LIGHT) • 1,896 SF
      264 Wyomissing Ave, Mohnton, PA 19540-1903
      View Details
    • Value Estimation by Request
      6,800 SF

      448 Orch Rd

      MANUFACTURING (LIGHT) • 6,800 SF
      448 Orch Rd, Mohnton, PA 19540-9440
      View Details

    Similar Nearby for Sale

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      14,349 SF Flex Space, Owner-User Opportunity
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    • $400,000
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      Mohnton Industrial/Flex Space Opportunity

      14,349 SF industrial/flex space in Mohnton, Pennsylvania for sale.
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      120,390 SF

      Mohnton, PA Industrial Space

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    • $250,000
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      Mohnton Commercial Land Opportunity

      2.75 Acres, Development Potential
      1 Fairview St, Mohnton, PA 19540
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      17.54 Acres

      Mohnton Garages: Prime Storage Space

      Secluded garages for rent, Robeson Township.
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    Similar Nearby for Lease

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      120,390 SF

      Available Warehouse in Berks County

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    • $2,500 /Mo
      3,500 SF

      Turnkey Restaurant Space For Lease

      Fully equipped restaurant space in high-traffic Mohnton location.
      3171 Morgantown Rd, Mohnton, PA 19540
      View Details
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    Mohnton, PA 19540-1916
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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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