975 Berkshire BlvdWyomissing, PA 19610

Property Details for 975 Berkshire Blvd

Year built

1994

Lot size

1.99 AC

Property size (Sq ft)

17,052 SF

Property type

Office properties

Property subtype

Office buildings

APN

4397-15-54-5619-C03

APU

439715545619C03

Description

The Wyomissing Professional Center, a Class B medical office building located at 975 Berkshire Boulevard in Wyomissing, Pennsylvania (19610), offers exceptional opportunities for medical professionals. This single-story building, constructed in 1995, totals 16,026 square feet and features two suites. Currently, 4,569 square feet of space is available, divisible into units ranging from 1,580 to 2,989 contiguous square feet. The property is zoned I-1 - Office/Research Park, providing flexibility for various medical uses. Ample parking is available, with a ratio of 7 spaces per 1,000 square feet. The building's location along Berkshire Boulevard ensures high visibility and accessibility. The property is situated in Berks County and has an APN of 4397-15-54-5619-C03. This is an excellent opportunity to establish or expand a medical practice in a thriving community. The net operating expenses are $19.00 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $2,631,976

  6.5%

  $2,429,516

  7%

  $2,255,980

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,307,539

  Geo Method

  $2,228,014

• Alternative Use

  Use

  Valuation

  Residential

  $3,012,600

  Hospitality

  $2,759,526

  Educational

  $2,295,893

  Medical

  $2,374,852

  Retail

  $3,571,389

Location Insight

City

Reading

County

Berks

State

Pennsylvania

Latitude

40.3487

Longitude

-75.9718

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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