Renovated Mixed-Use
For Sale
$549,900
1465 Stefko Boulevard, Bethlehem, PA 18017
CommercialSale, Bethlehem City, PA
Property Size5,460 SF
Lot Size0.12 Acres
Price / SF$100.71
Days on Market88
Property Features for 1465 Stefko Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
04CG
Parking
6
Parking features
Off Street
Elementary school district
Bethlehem
Middle school district
Bethlehem
High school district
Bethlehem
Directions
Directly on Stefko Blvd
Subdivision
Bethlehem-North
Standard status
Active
APN
N7SW1D-9-7-0204
Size
5,460 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
7947
Utilities
Heating system
Natural Gas, Electric (Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
off-street parking
separately metered electric
large storefront windows
three separate entrances
Building Details
Year built
1966
Number of units
3
Flooring type
Wood, Vinyl
Building materials
Block, Concrete
Listing Agency:
Home Team Real Estate
(610) 419-8888
Listed By:
Jason R. Kocsis
(610) 972-8542
Added: Jun 15
Changed: Sep 2
Last Checked: Sep 10 at 7:06AM
MLS# 778529
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.
Investment Insights
Based on property information with market context.
This 5,460-square-foot mixed-use property combines renovated commercial and residential components on a 0.121-acre lot. The main level provides two sizable office areas, updated bathrooms, new flooring, and large storefront windows. Three separate entrances support access to the different areas, while off-street parking is available at the rear. Electric service is separately metered for each unit.
The upper level contains a three-bedroom apartment with an eat-in kitchen, new appliances, a dedicated office, 1.5 bathrooms, laundry room, and expansive living and dining areas. The residential unit is currently leased. Built in 1966, the property features block and concrete construction, wood and vinyl flooring, natural gas and electric heating, window-unit cooling, and public water. Located on Stefko Boulevard in Bethlehem City, the property is near major highways, shopping, dining, and local attractions.
The upper level contains a three-bedroom apartment with an eat-in kitchen, new appliances, a dedicated office, 1.5 bathrooms, laundry room, and expansive living and dining areas. The residential unit is currently leased. Built in 1966, the property features block and concrete construction, wood and vinyl flooring, natural gas and electric heating, window-unit cooling, and public water. Located on Stefko Boulevard in Bethlehem City, the property is near major highways, shopping, dining, and local attractions.
Key Highlights
- 5,460‑square‑foot mixed‑use property on a 0.121‑acre lot
- Main‑level commercial space with two office areas, updated bathrooms, and new flooring
- Upper‑level three‑bedroom apartment with 1.5 bathrooms, office, laundry room, and new kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,870
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$797,400
$797.4K
Cap Rate 7%
$569,571
$569.6K
Cap Rate 9%
$443,000
$443.0K
Market Conditions
NOI Build-Up for 5,460 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$57.7K $10.56/SF
− Vacancy
−$4.5K −$0.82/SF
EGI
$53.2K $9.74/SF
− OpEx
−$13.3K −$2.43/SF
NOI
$39.9K $7.30/SF
Area
Lehigh County, PA
Vacancy
7.80%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$797,400
Cap Rate 7%
$569,571
Cap Rate 9%
$443,000
Alternative Uses
Best Use
Mixed Use
$802.9K
$702.6K – $936.7K
NOI $56,204 @ 7.0% cap · market cap 10.22%
Second Best
Office B
$569.6K
$498.4K – $664.5K
NOI $39,870 @ 7.0% cap · market cap 7.25%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
Explore this area
Business Placement
Demographics for 18017, PA
39,663
Population
16,773
Households
2.4
Avg Household Size
46
Median Age
40%
College-Educated
93%
High-School Grad
16.8 sq mi
ZIP Area
2,361
Density / Sq Mi
$88,946
Median Household Income
$45,618
Median Earnings
$1,535
Median Rent
$310,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two office areas occupy the commercial level, with a leased three-bedroom apartment above.
Where is this mixed-use property located?
The property is located at 1465 Stefko Boulevard Bethlehem, PA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 5,460‑square‑foot mixed‑use property on a 0.121‑acre lot; Main‑level commercial space with two office areas, updated bathrooms, and new flooring; Upper‑level three‑bedroom apartment with 1.5 bathrooms, office, laundry room, and new kitchen appliances
