Flex Building with Large
For Sale
$779,000
400 Interchange Road, Lehighton, PA 18235
CommercialSale, Franklin Twp, PA
Property Size7,500 SF
Lot Size0.63 Acres
Price / SF$103.87
Days on Market202
Property Features for 400 Interchange Road
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Walmart in Lehighton, travel Route 443, cross bridge. Travel straight about 1/4 mile, property is on the left
Subdivision
Franklin
Standard status
Active
Lot size
0.63 Acres
Utilities
Sewer type
Septic Tank
Cooling system
Ductless
Water source
Well
Amenities
dedicated office space
showroom
storage rooms
bathrooms
kitchenette
large garage
Building Details
Year built
1986
Listing Agency:
RE/MAX Unlimited Real Estate · RE/MAX International
(610) 266-4000
Listed By:
Glenn D. Fritts · License #AB066533
(610) 266-4000
Added: Feb 5
Changed: Aug 19
Last Checked: Aug 26 at 2:06AM
MLS# 771487
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 flex building is currently configured for retail use with dedicated office space, a showroom, storage rooms, bathrooms, a kitchenette, and a large garage. The layout brings customer-facing, administrative, storage, and service areas together within one commercial property. Ductless cooling, well water, and a septic tank serve the building, which was built in 1986.
The property occupies a 0.63-acre lot just off Route 209, where reported traffic exceeds 15,000 vehicles daily. It is approximately 2 miles from the Pennsylvania Turnpike and Route 248, with 35 dedicated parking spaces supporting on-site access. The building’s combination of retail and operational areas accommodates a range of commercial configurations.
The property occupies a 0.63-acre lot just off Route 209, where reported traffic exceeds 15,000 vehicles daily. It is approximately 2 miles from the Pennsylvania Turnpike and Route 248, with 35 dedicated parking spaces supporting on-site access. The building’s combination of retail and operational areas accommodates a range of commercial configurations.
Key Highlights
- Flex building with retail area, dedicated office space, showroom, storage rooms, and large garage
- 0.63‑acre lot just off Route 209
- 35 dedicated parking spaces
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
$40,716
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
5.23%
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%
$814,320
$814.3K
Cap Rate 7%
$581,657
$581.7K
Cap Rate 9%
$452,400
$452.4K
Market Conditions
NOI Build-Up for 7,500 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
$58.5K $7.80/SF
− Vacancy
−$4.2K −$0.56/SF
EGI
$54.3K $7.24/SF
− OpEx
−$13.6K −$1.81/SF
NOI
$40.7K $5.43/SF
Area
Carbon County, PA
Vacancy
7.20%
Lease Rate
$7.80 /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%
$814,320
Cap Rate 7%
$581,657
Cap Rate 9%
$452,400
Alternative Uses
Best Use
Retail
$1.32M
$1.15M – $1.54M
NOI $92,377 @ 7.0% cap · market cap 11.86%
Second Best
Office B
$581.7K
$509.0K – $678.6K
NOI $40,716 @ 7.0% cap · market cap 5.23%
Theoretical Best
Specialty Retail
$1.47M
$1.29M – $1.72M
NOI $103,140 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18235, PA
19,139
Population
8,796
Households
2.2
Avg Household Size
47
Median Age
19%
College-Educated
89%
High-School Grad
86.9 sq mi
ZIP Area
220
Density / Sq Mi
$72,626
Median Household Income
$44,418
Median Earnings
$1,003
Median Rent
$218,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building combining retail, office, showroom, storage, and service-oriented space.
Where is this flex space located?
The property is located at 400 Interchange Road Lehighton, PA.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Flex building with retail area, dedicated office space, showroom, storage rooms, and large garage; 0.63‑acre lot just off Route 209; 35 dedicated parking spaces
