875 Berkshire BlvdWyomissing, PA 19610

  • Office properties
  • 27,275 SF
For Lease

Property Details for 875 Berkshire Blvd

Year built
1991
Lot size
3.12 AC
Property size (Sq ft)
27,275 SF
Property type
Office properties
Property subtype
Office buildings
APN
4397-11-55-9734
APU
439711559734

Description

This single-story, Class B office building, constructed in 1991, offers 29,322 square feet of space within the Wyomissing Professional Center at 875 Berkshire Blvd, Wyomissing, PA 19610. Currently, 7,615 square feet is available for lease, with a minimum divisible space of 2,115 square feet and a maximum contiguous space of 5,500 square feet. The property sits on a 3.13-acre lot and features a multi-tenant occupancy. Its location in the Wyomissing Professional Center provides convenient access to shopping, dining, and public transportation, with easy access to major roadways including Routes 422, 222, and 12. The building is situated in Berks County and boasts a professional tenant mix. This is an excellent opportunity for businesses seeking flexible and well-located office space in a thriving Berks County community. The property's location offers immediate access to a variety of amenities and is easily accessible from major transportation routes. The building's professional atmosphere and convenient location make it an ideal choice for a variety of businesses. The available space is adaptable to suit various business needs. The property's parcel number is 96-4397-11-55-9734.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,209,896
    6.5%
    $3,886,058
    7%
    $3,608,482
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,091,434
    Geo Method
    $3,563,752
  • Alternative Use

    Use
    Valuation
    Residential
    $4,818,712
    Hospitality
    $4,413,914
    Educational
    $3,672,325
    Medical
    $3,798,622
    Retail
    $5,712,506
875 Berkshire Blvd, Wyomissing, Pennsylvania

Location Insight

City
Wyomissing
County
Berks
State
Pennsylvania
Latitude
40.3511
Longitude
-75.9702
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
$30,405
$706,800
$1,505,300
$2,212,100
-
$706,800
$1,505,300
$2,212,100

FAQs

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