Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Allentown Warehouse with Loading Dock Title is generated by Realmo AI

    1006 Hanover Avenue, Allentown, PA 18109

    View on Map
    Claim this Listing
    For Lease
    $7 SF/Yr $5,833/Mo (calc)

    COMMERCIAL - Allentown City, PA

    Property size:
    10,000 SF
    Lot size:
    0.99 Acres
    Added:
    Feb 6, 2026
    Days on Market:
    92
    Last Refresh:
    May 9 at 10:06 am

    Property Features for 1006 Hanover Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    5
    Parking features
    On Street, Off Street
    Standard status
    Active
    APN
    641706115018
    Size
    10,000 SF
    Lot size
    0.99 Acres

    Taxes and HOA fees

    Tax Annual Amount
    11242

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Brick

    We can help!

    Listing Contact
    Matt Sprung
    Matt Sprung

    Listing agent Matt Sprung License ##AB068265

    Listing office HowardHanna TheFrederickGroup 3500 Winchester Rd, Ste 201, Allentown, PA

    Listing date Feb 6, 2026

    MLS# 771680

    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.

    HighLights

    • 10,000+ SF clear‑span warehouse space.
    • Excellent access to Route 22 and major regional corridors.
    • Municipal water and sewer.
    • One loading dock.
    • 14' drive‑in door.
    • Easy truck maneuverability.

    Overview

    This Allentown warehouse offers over 10,000 square feet of clear-span space. It is equipped with municipal water and sewer services. The property features one loading dock and a 14-foot drive-in door, facilitating flexible shipping and receiving operations. The location provides convenient access to Route 22 and other major regional transportation routes, ensuring ease of truck maneuverability. This warehouse is suitable for users seeking functionality, a strategic location, and essential utility services within the Lehigh Valley market. The lot size is approximately 0.99 acres.
    Location Intelligence

    Current Use by Public Records

    THE SOURCE CLOTHING COMPANY Clothing Store Lehigh Wholesale Big Box & Wholesale Store British Food Depot Marketing & Advertising CeCe J's Snacks Food Processing Plant The Source Lounge & Grill Bar & Pub

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Similar Places Nearby

    • CubeSmart Self Storage — 2001 Union Blvd, Allentown, PA 18109
    • Peters Marine Service Department — 1402 Union Blvd, Allentown, PA 18109
    • Budget Store & Lock Self Storage — 802 E Allen St, Allentown, PA 18109
    • Self-Storage at U-Haul — 1428 E Livingston St, Allentown, PA 18109
    • Moving With Sincerity — 945 Main St, Bethlehem, PA 18018

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.438655
    Latitude
    40.617344

    Nearby Similar for Lease

    • $1,800/Mo

      Retail Space in Downtown Allentown

      Street retail space available in a bustling downtown location.
      937 W Walnut Street, Allentown, PA 18102
      View Details
    • $2,500/Mo

      Renovated Retail Space in Allentown

      Fully renovated retail space with flexible lease options available.
      509 N 7th Street, Allentown City, PA 18102
      View Details
    • $1,800/Mo

      Allentown Retail Space For Lease

      Retail space in downtown Allentown near new developments.
      937 W Walnut Street, Allentown City, PA 18102
      View Details
    • $2,200/Mo

      Allentown Commercial Kitchen Rental

      Commercial kitchen with ballroom partnership opportunity in historic building.
      1524 W Linden Street, Allentown City, PA 18102
      View Details
    • $15 SF/Yr

      Lower Macungie Office Space Available

      First floor office space near Hamilton Crossings shopping center.
      5239 Hamilton Boulevard, Lower Macungie Twp, PA 18106
      View Details
    • $1,800/Mo

      Allentown Retail Space For Lease

      Retail space in downtown Allentown near new developments.
      937 W WALNUT Street, ALLENTOWN, PA 18102
      View Details
    • $16 SF/Yr

      Allentown Office Building For Lease

      High-visibility office building with excellent connectivity and on-site parking.
      6614 Ruppsville Road, Allentown, PA 18106
      View Details
    • $3,300/Mo

      Allentown Flex-Space Office with Visibility

      Brick-front flex-space office with high visibility and flexible space.
      203 E Emmaus Avenue, ALLENTOWN, PA 18103
      View Details
    • $22 SF/Yr

      Mixed-Use Property in South Whitehall

      Freestanding mixed-use property with retail/office space for lease.
      3144 Hamilton Boulevard, South Whitehall Twp, PA 18103
      View Details
    • $2,200/Mo

      South Whitehall Office Suite For Rent

      Professional office suite in prime Allentown location available for lease.
      2610 Walbert Avenue, South Whitehall Twp, PA 18104
      View Details
    • $950/Mo

      South Whitehall Executive Suites Available

      Turn-key, fully furnished office suites in a Class A building.
      3500 Winchester Road, South Whitehall Twp, PA 18104
      View Details
    • $12 SF/Yr

      Allentown Retail Space For Lease

      Retail spaces available in active Allentown shopping destination.
      3300 Lehigh Street, ALLENTOWN, PA 18103
      View Details

    FAQs

    What type of property is this?
    Warehouse - Clear-span warehouse with dock, drive-in door, and utilities.
    Where is this warehouse located?
    The property is located at 1006 Hanover Avenue Allentown, PA.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: 10,000+ SF clear‑span warehouse space.; Excellent access to Route 22 and major regional corridors.; Municipal water and sewer.
    (610) 398-0411
    We can help!
    Listing Contact
    Matt Sprung
    Matt Sprung
    Real Estate License ID: #AB068265
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1006 Hanover Avenue, Allentown City, PA 18109
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!