Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1042 Mill Creek Rd Allentown, PA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in well-located, Walmart-anchored shopping center.

    Type:RETAIL
    Property size:
    1,400 SF
    Lot size:
    2.38 Acres
    Added:
    Mar 19, 2025
    Days on Market:
    402
    Last Refresh:
    Apr 5 at 9:55 pm

    Property Features for 1042 Mill Creek Rd

    General Information

    Standard status
    Active
    Size
    1,400 SF
    Lot size
    2.38 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1042 Mill Creek Rd Contact us

    We can help!

    Listing Contact
    Brad Rohrbaugh
    Brad Rohrbaugh

    Listing agent Brad Rohrbaugh License #RS223285L

    Listing office Bennett Williams Commercial - Lancaster

    Listing date Mar 19, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Bennett Williams Commercial - Lancaster

    Overview

    Allentown Retail Space For Lease

    West Valley Marketplace is a 259,163 square-foot retail shopping center anchored by Walmart, situated in Lehigh County along Hamilton Boulevard (Rt. 222) and Mill Creek Road in Allentown, PA. As one of the dominant power centers in the West Allentown market, it provides convenient access from I-476 (44,000 CPD) and Hamilton Boulevard (20,000 CPD). The center benefits from signalized access along Hamilton Boulevard, with two points of ingress/egress on Mill Creek Road. Co-tenants include national retailers such as Mattress Firm and GameStop. The available retail space is 1,400 square feet. With its lineup of destination and convenience retailers, this project is one of the primary shopping destinations in the area.
    Location Intelligence

    Current Use by Public Records

    GameStop Electronics & Wireless Store Keystone Running Store Clothing & Fashion Store Uno Taqueria Restaurant Takkii Ramen Restaurant Takkii Ramen-Allentown Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Trexlertown Plaza — 7150 Hamilton Blvd, Trexlertown, PA 18087
    • Trexler Mall — 6900 Hamilton Blvd, Trexlertown, PA 18087
    • West Valley Market Place — 1091 Mill Creek Rd, Wescosville, PA 18106

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.582
    Latitude
    40.5533

    Nearby Similar for Lease

    • $950/Mo

      South Whitehall Executive Suites Available

      Turn-key, fully furnished office suites in a Class A building.
      3500 Winchester Road unit: 155, South Whitehall Twp, PA 18104
      View Details
    • $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
    • $1,800/Mo

      Allentown Retail Space For Lease

      Retail space in downtown Allentown near new developments.
      937 W Walnut Street unit: C1, 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 unit: Cater Kitchen, 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, PA 18102
      View Details
    • $2,495/Mo

      Allentown City Office Space Available

      Office space near Lehigh County Courthouse and City Hall.
      441 W Linden Street, Allentown City, PA 18102
      View Details
    • $1,200/Mo

      Allentown City Office Space

      Professional office suite available for immediate occupancy in Allentown City.
      123 N 5th Street unit: Front Suite, Allentown City, PA 18102
      View Details
    • $1,995/Mo

      Allentown City First Floor Office

      Well-maintained, fully furnished office space for rent in Allentown.
      1723 Tilghman Street, Allentown City, PA 18104
      View Details
    • $475/Mo

      Allentown City Office Space Available

      Professional office space for lease in Allentown City, PA.
      123 N 5th Street unit: Rear Suite, Allentown City, PA 18102
      View Details
    • $875/Mo

      Allentown Office Space For Rent

      Office space with high ceilings, LED lighting, and easy access.
      1125 S Cedar Crest Boulevard, ALLENTOWN, PA 18103
      View Details
    • $2,950/Mo

      Unique Space with Commercial Kitchen

      Versatile space with commercial kitchen, suitable for various businesses.
      1183 Grange Road, Lower Macungie Twp, PA 18106
      View Details
    • $2,950/Mo

      Allentown City Commercial Space Available

      Commercial space suitable for contractors and property management companies.
      316 N Madison Street, Allentown City, PA 18102
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in well-located, Walmart-anchored shopping center.
    Where is this shopping center located?
    The property is located at 1042 Mill Creek Rd Allentown, PA.
    What are key features of this property?
    This property features: Dominant power center in the West Allentown market.; Anchored by Walmart.; High traffic location on Hamilton Boulevard (Rt. 222) with 20,000 CPD.
    (717) 843-5555 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brad Rohrbaugh
    Brad Rohrbaugh
    Real Estate License ID: RS223285L
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!