Mixed-Use Building with Medical
For Sale
Contact for pricing
Pending
1106 Broadway, Bethlehem, PA 18015
Located in the RC (Residential Commercial) zoning district with professional-use improvements and additional upper-floor space.
Property Size2,688 SF
Days on Market207
Property Features for 1106 Broadway
General Information
Standard status
Pending
Size
2,688 SF
Property subtype
Mixed Use
Building Details
Year Built
1908
Listing Agency:
Coldwell Banker Hearthside
(908) 996-7151
Listed By:
Devin Zydyk · License #PA RS327888
Source:
Crexi
Added: Feb 4
Changed: Aug 29
Last Checked: Aug 29 at 2:24PM
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 Coldwell Banker Hearthside
Investment Insights
Based on property information with market context.
This 2,688-square-foot mixed-use property includes a former dental-office layout on the main floor, with multiple treatment rooms, office areas, ADA-accessible bathrooms, and a central reception area. The second and third floors contain multiple rooms in residential-style configurations and are in raw condition, requiring improvement. A full basement provides additional storage or workspace.
Built in 1908, the property is located at 1106 Broadway in Fountain Hill Borough’s RC (Residential Commercial) zoning district. Its location is minutes from South Bethlehem, St. Luke’s Hospital, and key commuter routes, with the building positioned along Broadway.
Built in 1908, the property is located at 1106 Broadway in Fountain Hill Borough’s RC (Residential Commercial) zoning district. Its location is minutes from South Bethlehem, St. Luke’s Hospital, and key commuter routes, with the building positioned along Broadway.
Key Highlights
- 2,688‑square‑foot mixed‑use property in Fountain Hill Borough
- Main floor includes multiple treatment rooms, offices, reception, and ADA‑accessible bathrooms
- Second and third floors offer multiple rooms in raw condition
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
$19,628
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
7.85%
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%
$392,560
$392.6K
Cap Rate 7%
$280,400
$280.4K
Cap Rate 9%
$218,089
$218.1K
Market Conditions
NOI Build-Up for 2,688 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
$28.4K $10.56/SF
− Vacancy
−$2.2K −$0.82/SF
EGI
$26.2K $9.74/SF
− OpEx
−$6.5K −$2.43/SF
NOI
$19.6K $7.30/SF
Area
Lehigh County, PA
Vacancy
7.80%
Lease Rate
$10.56 /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%
$392,560
Cap Rate 7%
$280,400
Cap Rate 9%
$218,089
Alternative Uses
Best Use
Mixed Use
$395.3K
$345.9K – $461.2K
NOI $27,670 @ 7.0% cap · market cap 11.07%
Second Best
Office B
$280.4K
$245.4K – $327.1K
NOI $19,628 @ 7.0% cap · market cap 7.85%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,292
Businesses Nearby
Explore this area
Business Placement
Demographics for 18015, PA
33,286
Population
12,867
Households
2.6
Avg Household Size
32
Median Age
31%
College-Educated
87%
High-School Grad
23.2 sq mi
ZIP Area
1,435
Density / Sq Mi
$58,470
Median Household Income
$32,703
Median Earnings
$1,310
Median Rent
$243,100
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?
Mixed-use property - Located in the RC (Residential Commercial) zoning district with professional-use improvements and additional upper-floor space.
Where is this mixed-use property located?
The property is located at 1106 Broadway Bethlehem, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,688‑square‑foot mixed‑use property in Fountain Hill Borough; Main floor includes multiple treatment rooms, offices, reception, and ADA‑accessible bathrooms; Second and third floors offer multiple rooms in raw condition
