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    2102 Main Street unit 1St Floor Northampton, PA 18067

    View on Map
    For Lease
    $20 SF/Yr

    COMMERCIAL - Northampton Boro, PA

    Property size:
    5,653 SF
    Lot size:
    0.93 Acres
    Added:
    Aug 8, 2023
    Days on Market:
    967
    Last Refresh:
    Mar 31 at 9:06 pm

    Property Features for 2102 Main Street unit 1St Floor

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    75
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    L4SW4B 1 2 0522
    Size
    5,653 SF
    Lot size
    0.93 Acres

    Utilities

    Sewer type
    Septic Tank, Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1905
    Floors in Building
    3
    Number of units
    3
    Building materials
    Brick

    We can help!

    Listing Contact
    Gregg Marzano
    Gregg Marzano

    Listing agent Gregg Marzano License ##RS297418

    Listing office SVN / Imperial Realty 1611 Pond Road, Ste 200, Allentown, PA

    Listing date Aug 8, 2023

    MLS# 722003

    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

    Northampton Retail/Medical/Restaurant Space Available

    Located in Northampton, Pennsylvania, this commercial property presents an opportunity for medical, retail, restaurant, brewery, or winery businesses. The property is part of a multi-million dollar Main Street redevelopment project. The first floor offers two flexible spaces: Unit 101 with 1495 square feet and Unit 102 with 5653 square feet. The lower level provides two additional flexible spaces: Unit 103 with 2108 square feet and Unit 104 with 4317 square feet. The first floor is suited for retail or dining establishments, while the lower level could accommodate a convenience store, gym, or arts studio. The property includes 75 parking spaces on site and features a signalized interchange with excellent visibility. The lot size is 0.926 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Northampton
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.499826
    Latitude
    40.690728

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    FAQs

    What type of property is this?
    Retail space - Flexible commercial spaces suitable for retail, medical, restaurant, or brewery.
    Where is this retail space located?
    The property is located at 2102 Main Street unit 1St Floor Northampton, PA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Located in a multi‑million dollar Main Street redevelopment project.; Excellent visibility due to signalized interchange.; 75 on‑site parking spaces.
    (484) 245-1002
    We can help!
    Listing Contact
    Gregg Marzano
    Gregg Marzano
    Real Estate License ID: #RS297418
    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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