Multi-Tenant Office-Warehouse
3910 Adler Place Hanover Twp, PA 18018
For Sale
$4,900,000
SINGLE_FAMILY - Hanover Twp, PA
Property Size71,720 SF
Price / SF$68.32
Days on Market75
Property Features for 3910 Adler Place
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- Size
- 71,720 SF
Building Details
- Year built
- 1985
Listing Agency:
BHHS Fox & Roach Macungie
(484) 519-4444
Listed By:
Peter Adams
(484) 357-6924
Added: May 11
Changed: Jul 23
Last Checked: Jul 24 at 9:06PM
MLS# 776861
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, 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.
3910 Adler Place is a two-story, multi-tenant office-warehouse building with fiber networking. The layout includes a mix of open-plan and private office spaces, along with warehouse area of approximately 10,945 SF. Tenant-occupied space totals about 40,948 SF, and more than 30,000 SF is available for owner-use or future tenants.
The property sits in a cul-de-sac setting off Highland Avenue, with access to the greater Lehigh Valley just off PA Route 22. It is located within a professional office park and warehouse locale.
For investors, the building currently generates $320,632 in annual tenant rental income.
The property sits in a cul-de-sac setting off Highland Avenue, with access to the greater Lehigh Valley just off PA Route 22. It is located within a professional office park and warehouse locale.
For investors, the building currently generates $320,632 in annual tenant rental income.
Key Highlights
- Multi‑tenant, 2‑story office/warehouse building built in 1985 with fiber networking
- Warehouse area of approximately 10,945 SF
- 40,948 SF currently tenant‑occupied plus over 30,000 SF available for owner‑use or future tenants
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $628.3k | $8.76 |
| − Vacancy | −$62.8k | −$0.88 |
| EGI | $565.4k | $7.88 |
| − OpEx | −$169.6k | −$2.37 |
| NOI | $395.8k | $5.52 |
71,720 SF · lease $8.76/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$18.08M
$15.82M – $21.09M
NOI $1,265,270 @ 7.0% cap · market cap 25.82%
Second Best
Warehouse
$7.30M
$6.39M – $8.52M
NOI $511,027 @ 7.0% cap · market cap 10.43%
Theoretical Best
Office A
$22.72M
$19.88M – $26.51M
NOI $1,590,463 @ 7.0% cap · market cap 32.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar Off Market Nearby
- Wegmans Catering — 5000 Wegmans Dr, Bethlehem, PA 18017
FAQs
What type of property is this?
Flex space - Two-story office-and-warehouse building with fiber networking, combining tenant-occupied space with significant owner or future tenant availability.
Where is this flex space located?
The property is located at 3910 Adler Place Hanover Twp, PA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Multi‑tenant, 2‑story office/warehouse building built in 1985 with fiber networking; Warehouse area of approximately 10,945 SF; 40,948 SF currently tenant‑occupied plus over 30,000 SF available for owner‑use or future tenants
