Restaurant Building With Commercial
For Sale
$895,000
Real Estate and/or Business, Walnutport, PA 18088
CommercialSale, Walnutport Boro, PA
Property Size5,193 SF
Lot Size0.53 Acres
Price / SF$172.35
Days on Market188
Property Features for Real Estate and/or Business
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C-Commercial
Parking
18
Parking features
Parking Lot
Security features
Security
Elementary school district
Northern Lehigh
Middle school district
Northern Lehigh
High school district
Northern Lehigh
Directions
Confidential Listing - Covenant of Confidentiality (document) required and must be submitted to the listing agent prior to release of financials or additional business information. Proof of financial capability and relevant experience required.
Subdivision
Walnutport
Standard status
Active
Size
5,193 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Annual Amount
9108
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
ADA accessible
Building Details
Year built
1947
Building materials
AluminumSiding, Asphalt, Block, Concrete, Stone, StoneVeneer, VinylSiding
Roof type
Composition
Listing Agency:
HowardHanna TheFrederickGroup · Howard Hanna
(610) 398-0411
Listed By:
Veronica Slesinski
(845) 443-3275
Added: Feb 21
Changed: Aug 19
Last Checked: Aug 28 at 8:06PM
MLS# 771855
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 5,193-square-foot restaurant building in Walnutport Boro, Pennsylvania, was constructed in 1947 and rehabilitated in 2019. The property includes a 60-seat dining area, display cases, coffee machines, compliant restrooms, and an accessible entrance. Furniture, fixtures, and equipment convey with the sale, including commercial stoves, pizza ovens, and a walk-in refrigerator.
The property occupies 0.533 acres and provides a parking lot for customer access. Public water and public sewer serve the building, with central air conditioning and a composition roof. Zoned C-Commercial, the property also includes upper-level space identified in the source information as having potential for residential apartment conversion.
The property occupies 0.533 acres and provides a parking lot for customer access. Public water and public sewer serve the building, with central air conditioning and a composition roof. Zoned C-Commercial, the property also includes upper-level space identified in the source information as having potential for residential apartment conversion.
Key Highlights
- 5,193 square feet on 0.533 acres
- Rehabilitated in 2019; original construction dates to 1947
- 60‑seat dining area with display cases and coffee machines
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
$53,864
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
6.02%
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%
$1,077,280
$1.1M
Cap Rate 7%
$769,486
$769.5K
Cap Rate 9%
$598,489
$598.5K
Market Conditions
NOI Build-Up for 5,193 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
$77.9K $15.00/SF
− Vacancy
−$6.1K −$1.17/SF
EGI
$71.8K $13.83/SF
− OpEx
−$18.0K −$3.46/SF
NOI
$53.9K $10.37/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$15.00 /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%
$1,077,280
Cap Rate 7%
$769,486
Cap Rate 9%
$598,489
Alternative Uses
Best Use
Specialty Retail
$769.5K
$673.3K – $897.7K
NOI $53,864 @ 7.0% cap · market cap 6.02%
Second Best
Industrial
$551.6K
$482.6K – $643.5K
NOI $38,610 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$984.9K
$861.8K – $1.15M
NOI $68,946 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
145k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 31%
Groceries 28%
Giant Food Store
Groceries
35,829 visits/mo
0.1 miles
McDonald's
Dining
29,308 visits/mo
0.3 miles
Dollar Tree
Shops & Services
19,371 visits/mo
0.2 miles
Burger King
Dining
12,218 visits/mo
0.3 miles
Dollar General
Shops & Services
11,593 visits/mo
0.2 miles
Demographics for 18088, PA
8,603
Population
3,612
Households
2.4
Avg Household Size
48
Median Age
19%
College-Educated
94%
High-School Grad
19.1 sq mi
ZIP Area
450
Density / Sq Mi
$76,025
Median Household Income
$46,269
Median Earnings
$1,236
Median Rent
$241,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - C-Commercial property includes a customer dining area, ADA-accessible facilities, and on-site parking.
Where is this conventional restaurant located?
The property is located at Real Estate and/or Business Walnutport, PA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 5,193 square feet on 0.533 acres; Rehabilitated in 2019; original construction dates to 1947; 60‑seat dining area with display cases and coffee machines
