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    833 N Park Rd Wyomissing, PA 19610
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    833 N Park Rd, Wyomissing, PA 19610

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    • Office buildings
    • 19,471 SF
    • 2.03 lot acres
    For Lease
    $1,640,000
    View Listing →
    Wyomissing Borough Class B Office For Lease
    $1,640,000
    16,000 SF

    Wyomissing Borough Class B Office

    Two-story Class B office building in Wyomissing Borough.

    833 N Park Rd, Wyomissing, PA 19610
    View Listing
    Property ID
    US73-0504038
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 833 N Park Rd

    Year built
    1972
    Lot size
    2.03 lot acres
    Property type
    Office buildings
    APN
    4397-16-94-1494
    APU
    439716941494

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 13, 2025 — Lempa Financial Group LP 833845 Park Road Associates LLC Deed · related —
    Jul 24, 2019 — Lempa Financial Group LP — Deed · related $250k · Vist Financial
    Dec 24, 2018 — Lempa Financial Group LP — Deed · related $1.5M · Vist Bk
    Jun 1, 2012 $298,000 Lempa Finl Group LP 833 & 845 Park Road Assoc LLC Grant Deed $2.4M · Metropolitan Bank
    May 10, 2012 — 833/845 Park Road Assocs LLC — Trustees Deed · related $298k · Lempa Financial Group LP
    Feb 4, 2008 $2,600,000 833/845 Park Road Assocs LLC Walters Anderson H Trust Grant Deed $2.6M · Susquehanna Bank
    — — Lempa Financial Group LP — Deed Of Trust · related $1.5M · Vist Bk
    — — Lempa Financial Group LP — Deed Of Trust · related $250k · Vist Bk
    — — 833/845 Park Road Assocs LLC — Deed Of Trust · related $400k · Susquehanna Bank Pa

    Description

    This exceptional three-story Class B office building, located at 833 N Park Rd in Wyomissing, Pennsylvania (zip code 19610), offers multiple tenancy options. The building boasts a total of 16,000 square feet and is situated in Berks County. Currently, two office spaces are available, ranging in size from 176 to 256 square feet. Ideal for small businesses or individual professionals seeking a professional and established location. The building's traditional office design provides a classic and functional workspace. The property's convenient location in Wyomissing Borough offers easy access to local amenities and major transportation routes. This is a single building, offering a cohesive and manageable workspace. The building's classification as Class B reflects its solid construction and well-maintained condition. Interested parties are encouraged to inquire about available space and lease terms. The address is easily accessible via major roadways, making commuting convenient for employees and clients. This presents a unique opportunity to establish a presence in a desirable Berks County location. The available spaces are ready for immediate occupancy, allowing for a quick and seamless transition for new tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wyomissing
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9583
    Latitude
    40.3471
    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
    $15,044
    $751,400
    $343,100
    $1,094,500
    -
    $751,400
    $343,100
    $1,094,500

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      0.62 Acres

      Wyomissing Office Suite - 1680 SF

      Prime Wyomissing location, ample parking, highway access.
      420 Park Rd, Wyomissing, PA 19610
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    Similar Nearby for Lease

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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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