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    1563 Old Route 22 Lenhartsville, PA 19534

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    Claim this Listing
    For Sale
    $1,300,000

    COMMERCIAL - Greenwich Twp, PA

    Property size:
    13,801 SF
    Lot size:
    9.86 Acres
    Added:
    Feb 29, 2024
    Days on Market:
    775
    Last Refresh:
    Apr 14 at 11:06 pm

    Property Features for 1563 Old Route 22

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Village/Rural
    Parking
    40
    Parking features
    Off Street, On Street, Garage, Driveway
    Standard status
    Active
    APN
    45541512865831
    Size
    13,801 SF
    Lot size
    9.86 Acres

    Taxes and HOA fees

    Tax Annual Amount
    9606

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating)
    Cooling system
    Window Unit(s)
    Water source
    Well

    Building Details

    Year built
    1935
    Number of units
    21
    Building materials
    Frame

    We can help!

    Listing Contact
    Shane R. Keyser
    Shane R. Keyser

    Listing agent Shane R. Keyser

    Listing office CENTURY 21 Keim Realtors 90 N Cedar Crest Blvd, Allentown, PA

    Listing date Feb 29, 2024

    MLS# 733730

    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.

    Overview

    Fully Occupied Investment Property

    This fully occupied 21-unit property presents a unique investment opportunity. Situated on just shy of 10 acres, the property consists of two parcels. The unit mix includes 2 three-bedroom units, 2 two-bedroom units, and 12 one-bedroom/efficiency units. Additionally, there are 3 storage spaces, a workshop with a garage, and a commercial garage. The property offers value-add and upside potential through rent increases and the possibility of adding more units, subject to zoning and local municipality approval. All units are fully occupied with one-year leases and security deposits in place. The owner is responsible for water, sewer, trash, and common electric. Tenants are responsible for heat (electric), electric, and cable. New roofs and windows have been recently installed on all the main buildings and the commercial garage. The property is located a short 20-minute commute to the Lehigh Valley. The property size is 13801 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Building Supply Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Skin Care Clinic Storage Facility Garden Center Acupuncture Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenhartsville
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.91758
    Latitude
    40.571178

    Nearby Similar for Sale

    • $1,300,000

      20-Unit Multifamily Investment Opportunity

      20-unit property with value-add potential near Lehigh Valley.
      1563 OLD ROUTE 22, LENHARTSVILLE, PA 19534
      View Details
    • $995,000
      3,072 SF

      Commercially Zoned Farmette with Warehouse

      Farmette with warehouse near major routes, offering diverse potential.
      572 OLD RTE 22, LENHARTSVILLE, PA 19534
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    • $1,300,000
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      Fully Occupied Multifamily Investment Opportunity

      21-unit property on 9.86 acres near Lehigh Valley.
      1563 Old Route 22, Greenwich Twp, PA 19534
      View Details
    • $1,300,000
      13,801 SF

      20-Unit Multifamily Investment Opportunity

      20-unit property with value-add potential near Lehigh Valley.
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      View Details

    FAQs

    What type of property is this?
    Apartment building - 21-unit property on 9.86 acres with value-add potential.
    Where is this apartment building located?
    The property is located at 1563 Old Route 22 Lenhartsville, PA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Fully occupied 21‑unit property with **over 11% cap rate.**; Significant value‑add potential through rent increases and possible unit expansion (subject to zoning).; Two parcels totaling just shy of 10 acres.
    (877) 208-4158
    We can help!
    Listing Contact
    Shane R. Keyser
    Shane R. Keyser
    Learn More
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    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
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