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

    1502 Center St, Unit 102 Bethlehem, PA 18018

    Sponsored
    For Lease
    $1,200 /Mo ($1.92 SF/Yr)

    COMMERCIAL - Bethlehem City, PA

    Type:Office
    Property size:
    750 SF
    Lot size:
    0.17 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 18 at 7:06 am

    Property Features for 1502 Center St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    N6SE1C 22 1 0204
    Parking
    1
    Parking features
    Off Street
    Size
    750 SF
    Lot size
    0.17 Acres

    Utilities

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

    Building Details

    Year built
    1900
    Building materials
    Frame

    We can help!

    Listing Contact
    Deena M. Blackburn
    Deena M. Blackburn

    Home Team Real Estate (610) 419-8888

    Listing agent Deena M. Blackburn (610) 216-0572

    Listing date Feb 15, 2026

    MLS# 771711

    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

    Updated Office Space For Rent

    This property offers 750 square feet of professional office space in an updated building. The layout includes two offices with doors, an open office space, a waiting area, a full bathroom, and a storage room. The landlord covers all utility costs, with the tenant responsible only for phone and internet services. One off-street parking spot is included. The landlord maintains both the exterior and interior common areas, while the tenant is responsible for cleaning their own suite. The property is located in Bethlehem City, Northampton County, Pennsylvania.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pinel A Robert Law Firm Miller-Cohen Amy Physician Jux2 Porta Potty ... Building Supply Traditions of Hanover At Home Home Health Care Service UBWell Center for Holistic ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethlehem
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.37469
    Latitude
    40.633598

    Nearby Similar for Lease

    • $2,800 /Mo
      4,356 SF

      Southside Bethlehem Second Floor Office

      Second floor office space in Bethlehem City available for lease.
      30 E 4Th St, Bethlehem, PA 18015
      View Details
    • $22 SF/Yr

      Modern Commercial Space in Bethlehem

      Versatile 7,000 sq ft commercial space with modern finishes.
      301 Broadway Unit, Bethlehem, PA 18015
      View Details
    • $2,500 /Mo
      3,223 SF

      Bethlehem City Commercial Space For Rent

      Commercial space in the heart of North Bethlehem's Historic District.
      81 W Broad St, Bethlehem, PA 18018
      View Details
    • $26 SF/Yr

      Modern Commercial Space in Bethlehem

      Stylish, functional 7,000 sq ft commercial space in Bethlehem City.
      301 Broadway Unit, Bethlehem, PA 18015
      View Details
    • $6,160 /Mo
      74,694 SF

      Bethlehem Office Space For Rent

      Exceptional corner suite with customization potential in Bethlehem, Pennsylvania.
      95 Highland Ave, Bethlehem, PA 18017
      View Details
    • $2,498 /Mo
      74,694 SF

      Bethlehem Office Space For Rent

      High-end office space with natural light and flexible layout.
      95 Highland Ave, Bethlehem, PA 18017
      View Details
    • $3,662 /Mo
      74,694 SF

      Premium Office Suite in Bethlehem

      Adaptable 4,000 sq ft commercial office suite for lease.
      95 Highland Ave, Bethlehem, PA 18017
      View Details
    • $25 SF/Yr

      Bethlehem City Commercial Space Available

      Versatile 2,000 sq ft commercial space in Bethlehem City.
      301 Broadway Unit, Bethlehem, PA 18015
      View Details
    • $20 SF/Yr
      13,939 SF

      Bethlehem Retail Space For Lease

      Retail space with high ceilings, open layout, and rear access.
      509 Wyandotte St, Bethlehem, PA 18015
      View Details
    • $8,658 /Mo
      74,694 SF

      Highland Avenue Office Suite

      9,445 SF office suite designed for operational efficiency.
      95 Highland Ave, Bethlehem, PA 18017
      View Details
    • $1,485 /Mo
      74,694 SF

      Bethlehem Office Suite For Rent

      Move-in ready office suite in Bethlehem, PA, perfect for small firms.
      95 Highland Ave, Bethlehem, PA 18017
      View Details
    • $800 /Mo
      3,223 SF

      Prime Historic District Commercial Space

      Commercial space in the heart of North Bethlehem's Historic District.
      81 Fl, Bethlehem, PA 18018
      View Details

    FAQs

    What type of property is this?
    Office space - Professional office space available in updated building, utilities included.
    Where is this office space located?
    The property is located at 1502 Center St, Unit 102 Bethlehem, PA.
    What is the lease rate?
    The lease rate is $1.92 SF/Yr.
    What are key features of this property?
    This property features: - Landlord pays all utilities (except phone/internet).; - Updated building with professional office space.; - Includes **2 private offices, open office space, waiting area, full bathroom, and storage.**
    (610) 419-8888
    Request Owner's contact information
    1502 Center St, Unit 102 Bethlehem, PA 18018
    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.
    1502 Center St, Unit 102
    Bethlehem, PA 18018
    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
    1502 Center St, Unit 102 Bethlehem, PA 18018
    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
    Deena M. Blackburn
    Deena M. Blackburn
    (610) 419-8888 (610) 216-0572
    Learn more
    Google sign-in failed. Please try again or use another login method.