Building Details

Year Built 1920

Listing Agency: Coldwell Banker Hearthside

Listed By: Guy Thompson · License #PA RS321819

Source: Crexi

Added: Dec 19, 2025 Changed: Oct 16 Last Checked: Oct 16 at 6:45AM

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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.

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 / Yr

$36,675

Cap Rate

8.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$733,500 $733.5K

Cap Rate 7%

$523,929 $523.9K

Cap Rate 9%

$407,500 $407.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,920 SF

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 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 (±1% cap)

NOI $44,534 @ 7.0% cap · market cap 10.36%

Second Best

Industrial

$523.9K

$458.4K – $611.3K (±1% cap)

NOI $36,675 @ 7.0% cap · market cap 8.53%

Theoretical Best

Mixed Use

$723.5K

$633.1K – $844.1K (±1% cap)

NOI $50,645 @ 7.0% cap · market cap 11.78%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Lehigh Customs & Detail Car Wash Luxe Signs And Print (Bike/Boat/Book/etc) Store All Around Detailing ... Car Wash Majestic Interiors Inc. ... Construction Company

Suggested Use

Top Pick Law Firm Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store HVAC Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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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