Brick Flex Space
For Sale
Contact for pricing
Pending
113 Railroad Street, Catasauqua, PA 18032
Versatile industrial space with tall ceilings, an overhead garage door, office, restroom, and basement storage.
Property Size4,920 SF
Days on Market256
Property Features for 113 Railroad Street
General Information
Standard status
Pending
Size
4,920 SF
Property subtype
Mixed Use
Building Details
Year Built
1920
Listing Agency:
Coldwell Banker Hearthside
Listed By:
Guy Thompson · License #PA RS321819
Source:
Crexi
Added: Dec 19, 2025
Changed: Aug 29
Last Checked: Aug 31 at 7:40AM
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 freestanding flex property contains approximately 4,920 SF within a brick and concrete block building constructed circa 1920. The interior includes 20-foot ceilings, a 14-foot overhead garage door, office and restroom areas, basement storage, and an adaptable floor plan. Public water and sewer serve the property, which occupies a 0.27-acre parcel with approximately 15 on-site parking spaces.
The property is located at 113 Railroad Street in Catasauqua Borough, with access from a city road. Route 22, Route 145 (MacArthur Road), and Lehigh Valley International Airport are minutes away, connecting the site with Lehigh Valley industrial parks and regional distribution routes. Potential applications identified for the space include warehousing, distribution, light manufacturing, trades, automotive, fitness, landscaping, and contracting, subject to Borough verification. The property is being sold as is.
The property is located at 113 Railroad Street in Catasauqua Borough, with access from a city road. Route 22, Route 145 (MacArthur Road), and Lehigh Valley International Airport are minutes away, connecting the site with Lehigh Valley industrial parks and regional distribution routes. Potential applications identified for the space include warehousing, distribution, light manufacturing, trades, automotive, fitness, landscaping, and contracting, subject to Borough verification. The property is being sold as is.
Key Highlights
- Approximately 4,920 SF freestanding flex/industrial building
- 20' high ceilings and a 14' overhead garage door
- 0.27‑acre parcel with approx. 15 on‑site 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
$36,675
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
8.53%
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%
$733,500
$733.5K
Cap Rate 7%
$523,929
$523.9K
Cap Rate 9%
$407,500
$407.5K
Market Conditions
NOI Build-Up for 4,920 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
$56.6K $11.50/SF
− Vacancy
−$4.2K −$0.85/SF
EGI
$52.4K $10.65/SF
− OpEx
−$15.7K −$3.19/SF
NOI
$36.7K $7.45/SF
Area
Lehigh County, PA
Vacancy
7.40%
Lease Rate
$11.50 /SF/Yr
Expense Ratio
30.00%
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%
$733,500
Cap Rate 7%
$523,929
Cap Rate 9%
$407,500
Alternative Uses
Best Use
Warehouse
$636.2K
$556.7K – $742.2K
NOI $44,534 @ 7.0% cap · market cap 10.36%
Second Best
Industrial
$523.9K
$458.4K – $611.3K
NOI $36,675 @ 7.0% cap · market cap 8.53%
Theoretical Best
Mixed Use
$723.5K
$633.1K – $844.1K
NOI $50,645 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18032, PA
9,489
Population
4,142
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
94%
High-School Grad
2.0 sq mi
ZIP Area
4,745
Density / Sq Mi
$79,700
Median Household Income
$47,066
Median Earnings
$1,078
Median Rent
$213,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile industrial space with tall ceilings, an overhead garage door, office, restroom, and basement storage.
Where is this flex space located?
The property is located at 113 Railroad Street Catasauqua, PA.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Approximately 4,920 SF freestanding flex/industrial building; 20' high ceilings and a 14' overhead garage door; 0.27‑acre parcel with approx. 15 on‑site parking spaces
