441 County Line Rd, Gilbertsville, PA 19525-8934
- Warehouses
- 97,172 SF
- 18.09 lot acres
Current Use by Public Records
- Littlejohn, Inc. / Auto Parts Store
- Flagzone / Industrial Manufacturer / Production Facility
- System 22, Inc. / Building Supply / Construction Company
Property Details for 441 County Line Rd
- Year built
- 1975
- Lot size
- 18.09 lot acres
- Property type
- Warehouses
- APN
- 5397-14-43-0600
- APU
- 539714430600
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 21, 2023 | $7,875,000 | Paulmar612 Associats LLC | 441 County Line Pennington LLC | Deed | $5.9M · M & T Bank |
| Apr 20, 2023 | $6,170,000 | 441 County Line Pennington LLC | Barnwell Properties LP | Deed | $300k · M & T Bank |
| Sep 23, 2008 | — | Properties Barnwell | — | Deed Of Trust · related | $2M · Knbt |
| Feb 23, 2006 | — | Berks Dev Fund Greater | Barnwell Properties | Grant Deed · related | $875k · Keystone Nazareth Bank & Trust |
| Sep 27, 2005 | $1,300,000 | Barnwell Properties LP | Packaging Group Boyertown Realty In | Deed | $1M · Keystone Nazareth Bank & Trust Co |
| Mar 6, 2003 | $980,000 | Packaging Group Boyertown Real | Reynolds Metals | Grant Deed · related | $22.5M · Canadian Imperial Bk/commerc |
Description
This Gilbertsville industrial property offers 108,772 square feet of flex space in a single, two-story building on 18 acres. Two divisible spaces totaling 41,750 square feet are currently vacant, with minimum divisible space at 19,500 square feet. Features include 16 suites, 3 loading docks, 3 dock-high doors, and 10+ parking spaces, plus 2 drive-ins. Ceiling heights range from 16 to 40 feet, with column spacing at 20' x 24'. The building, constructed in 1975 and renovated in 1996, boasts pre-engineered metal wall panels with vinyl-backed insulation and 6" concrete slab floors. Heating is provided by a 300 HP Orr and Sembower natural gas steam boiler, while office spaces have gas-fired split system units. A comprehensive fire suppression system includes a wet-type sprinkler system and two above-ground water tanks with a 296,000-gallon capacity, backed up by a diesel-powered auxiliary generator/pump. Power is supplied by Met-Ed via a 13,500 KVA pad-mounted transformer, with extensive overhead buss duct and wall conduit. The property is zoned I-Industrial (APN: 38-53-97144-30-600) and benefits from high-demand power upgrades. Water service is provided by four on-site deep wells, with sewer service via BMMA. Taxes are $0.45 per square foot. This location offers excellent access to Route 441 and is a short drive to the King of Prussia area.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $8,040,000
- ML approach
- $7,465,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $11,475,000
- 6.5%
- $10,590,000
- 7%
- $9,835,000
-
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $6,830,000 Current use
- AUTO REPAIR, GARAGE
- $10,395,000 Change: +52% Conversion: Easy
- OFFICE BUILDING
- $9,460,000 Change: +39% Conversion: Difficult
- RESTAURANT
- $8,685,000 Change: +27% Conversion: Difficult
- RETAIL STORES
- $6,435,000 Change: -6% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $6,325,000 Change: -7% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Gilbertsville
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.6186
- Latitude
- 40.3394
- CBSA code
- 39740
- CBSA name
- READING, PA METROPOLITAN STATISTICAL AREA
