Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1298 Spruce St Easton, PA 18042

    Sponsored
    For Lease
    $13,000 /Mo

    COMMERCIAL - Easton, PA

    Property size:
    20,000 SF
    Days on Market:
    22
    Last Refresh:
    Jan 30 at 5:06 am

    Property Features for 1298 Spruce St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Off Street, Parking Lot
    Size
    20,000 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    2

    We can help!

    Listing Contact
    Joseph J. McDermott
    Joseph J. McDermott

    Howard Hanna The Frederick Group (610) 398-0411

    Listing agent Joseph J. McDermott (484) 860-2289

    Listing date Jan 9, 2026

    MLS# 768472

    Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Versatile Commercial Space in Easton

    Available immediately, this 20,000 square foot commercial space in Easton, Pennsylvania, offers versatile space on two floors. It is ideally suited for light manufacturing, distribution, storage, or retail purposes. The property provides convenient access to Route 22, Route 33, Interstate 78, and other major highways. An overhead door located in the rear of the building facilitates indoor truck parking, as well as loading and unloading operations. An industrial conveyor belt is installed for moving products and equipment between the first and second floors. The tenant is responsible for covering all utility costs, snow removal, and routine exterior maintenance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kaplan's Awning Supplier

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Easton
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.227519
    Latitude
    40.687886

    Nearby Similar for Lease

    • $1,200 /Mo
      43,560 SF

      Remodeled Office Space in Easton

      Updated office building in thriving Lehigh Valley with flexible options.
      2857 Nazareth Rd, Easton, PA 18045
      View Details
    • $575 /Mo
      18,339 SF

      Renovated Bank Executive Offices

      Executive offices in renovated bank with utilities included and common areas.
      1733 Washington Blvd, Easton, PA 18042
      View Details
    • $2,600 /Mo

      Adaptable Commercial Space in Easton

      Versatile 2,300 sq ft retail space in historic downtown Easton.
      527 Northampton St, Easton, PA 18042
      View Details
    • $1,475 /Mo

      Office Space in Wilson Boro

      Office space available in busy Easton shopping center.
      1722 Butler St, Easton, PA 18042
      View Details
    • $20 SF/Yr
      168,577 SF

      Easton, PA Medical Office Space

      High-profile medical office space in a premier location for lease.
      3729 Easton Nazareth Hwy Unit, Easton, PA 18045
      View Details
    • $35 SF/Yr
      168,577 SF

      Turnkey Surgery Center For Rent

      10,000 SF turnkey surgery center in Easton, PA.
      3729 Easton Nazareth Hwy Unit Surgery Ctr, Easton, PA 18045
      View Details
    • $18 SF/Yr
      65,340 SF

      Palmer Twp Professional/Medical Office

      Coveted professional/medical office location with ample parking and natural light.
      3465 B, Palmer Twp, PA 18045
      View Details
    • $10 SF/Yr
      65,340 SF

      Professional/Medical Office Near Major Routes

      Coveted office location with ample parking and natural light.
      3465 Nazareth Rd, Palmer Twp, PA 18045
      View Details
    • $18 SF/Yr
      65,340 SF

      Professional/Medical Office on Rt. 248

      Coveted professional/medical office location with ample parking and natural light.
      3465 A, Palmer Twp, PA 18045
      View Details
    • $2,000 /Mo

      Easton Retail/Office Space Available

      Retail or office space near 25th Street in Easton.
      2340 Butler St, Easton, PA 18042
      View Details
    • $22 SF/Yr
      705,411 SF

      Palmer Twp Retail/Office Spaces

      Retail and office spaces for lease in Easton, PA.
      2429 Nazareth Rd Unit, Palmer Twp, PA 18045
      View Details
    • $20 SF/Yr
      705,411 SF

      Dental Office Space Available

      3,900 SF dental office space in 25th St Shopping Plaza.
      2429 Nazareth Rd Unit, Palmer Twp, PA 18045
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 20,000 SF commercial space ideal for manufacturing, distribution, retail.
    Where is this manufacturing property located?
    The property is located at 1298 Spruce St Easton, PA.
    What are key features of this property?
    This property features: - 20,000 SF of versatile commercial space.; - Easy access to Route 22, Route 33, and Interstate 78.; - Overhead door for indoor truck parking and loading/unloading.
    (610) 398-0411
    Request Owner's contact information
    1298 Spruce St Easton, PA 18042
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1298 Spruce St
    Easton, PA 18042
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    1298 Spruce St Easton, PA 18042
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Joseph J. McDermott
    Joseph J. McDermott
    (610) 398-0411
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.