999 Berkshire BlvdWyomissing, PA 19610

  • Office buildings
  • 49,037 SF

Property Details for 999 Berkshire Blvd

Year built
1990
Lot size
4.90 AC
Property size (Sq ft)
49,037 SF
Property type
Office buildings
APN
4397-11-55-2034
APU
439711552034

Description

This exceptional two-story, Class B office building, situated within the prestigious Wyomissing Professional Center in Wyomissing, PA, offers a variety of suite options ideal for executive or medical practices. The 43,369 square foot building boasts 176 parking spaces and sits on a generous 4.9-acre lot. Currently, 7,904 square feet of space is available, with individual suites ranging from a minimum of 950 square feet to a maximum contiguous space of 4,178 square feet. The building, constructed in 1990, is professionally managed and enjoys a prime location with convenient access to major roadways including Routes 422, 222, and 12. Its central location within the Wyomissing Professional Center provides immediate proximity to a wealth of amenities, including shopping, dining, and hospitality options, as well as public transportation. This multi-tenant building presents a fantastic opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving Berks County community. The property's address is 999 Berkshire Boulevard. The APN is 96-4397-11-55-2034. The building features a total of four suites.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $7,568,861
    6.5%
    $6,986,641
    7%
    $6,487,595
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,760,134
    Geo Method
    $6,407,174
  • Alternative Use

    Use
    Valuation
    Residential
    $8,663,435
    Hospitality
    $7,935,660
    Educational
    $6,602,376
    Medical
    $6,829,442
    Retail
    $10,270,362

Location Insight

City
Wyomissing
County
Berks
State
Pennsylvania
Latitude
40.3493
Longitude
-75.9727
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
$38,302
$588,000
$2,198,600
$2,786,600
-
$588,000
$2,198,600
$2,786,600

FAQs

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