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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Office buildings
716 Park Rd, Wyomissing, PA 19610-2924
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-2897647
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Total area
7,368 SF
Lot
0.31 ac (13,504 SF)
APN
4397-16-93-3465
UPID
US73-2897647
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
$975k
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$975k
Owner & transaction history
N Park Road LLC · 2 yrs held
N Park Road LLC
since 2024
Last sale
$975,000
7 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
$975,000
ML approach
$975,000
CAP Approach
CAP Return
Estimation
6%
$1,095,000
6.5%
$1,015,000
7%
$940,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,230,000
Current use
MEDICAL BUILDING
$1,220,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10% · vs last sale $975k (Jun 27 2024)
Last sale anchor
$975k
Jun 27 2024
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
$132 / 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
$6,996
Tax year 2024
Assessed value
$509,000
Assessed 2024
Previous assessed
$509,000
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$156,700
Assessed improvement
$352,300
Land market value
$156,700
Improvement market value
$352,300
Total market value
$509,000
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
1975
Heating
NONE
Stories
2
Total area
7,368 SF
Lot
0.31 ac (13,504 SF)
APN
4397-16-93-3465
UPID
US73-2897647
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
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
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
1975
Heating
NONE
Stories
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
N Park Road LLC
Entity
Mailing address
716 N PARK RD, WYOMISSING, PA 19610-2924
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2024
—
716 N Park Road LLC
—
Deed
related
$422,000 · South Eastern Economic Development Compa
Jun 27, 2024
$975,000
N Park Road LLC
North Park LLC
Deed
$510,000 · Community First Fund
Jun 27, 2024
—
716 N Park Road LLC
—
Deed
related
$408,000 · Community First Fund
Dec 23, 2011
—
North Park LLC
Tim Ring LLC
Grant Deed
$280,000 · Customers Bank
Jun 3, 2009
$700,000
Tim Ring LLC
Aulenbach,richard P
Grant Deed
$915,000 · National Penn Bank
Sep 20, 1995
$428,000
Richard P Aulenbach
Berks Dev Corp
Grant Deed
$428,000 · Meridian Bank
—
—
Tim Ring LLC
—
Deed Of Trust
related
$124,000 · National Penn Bank
—
—
North Park LLC
—
Deed Of Trust
related
$920,000 · Customers Bank
—
—
Richard P Aulenbach
—
Deed Of Trust
related
$380,000 · Pennsterling Bank
—
—
Aulenbach,richard P JR Etal
—
Deed Of Trust
related
$305,733 · First Union Nat'l Bk/nc
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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