Flex Space with Drive-In
For Sale
Contact for pricing
1216 Pembroke Road 2, Bethlehem, PA 18017
Updated offices, climate control, and a new restroom support a range of workspace needs.
Property Size1,400 SF
Days on Market13
Property Features for 1216 Pembroke Road 2
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Retail
Additional Details
Drive-In Doors
1
Property Use
Commercial or Multi-Purpose
Taxes and HOA fees
Annual Taxes
$11,457
Building Details
Building Size
1,400 SF
Year Built
1948
Construction
stone veneer and stucco
Listing Agency:
Howard Hanna TheFrederickGroup
Listed By:
Romulo L. Da Silva Jr
(570) 390-0235
Source:
Bhhspaulfordrealtors
Added: Oct 23
Changed: Oct 31
Last Checked: Nov 3 at 2:30PM
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 Howard Hanna TheFrederickGroup
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1948, this flex property combines office and utility areas with a garage offering drive-in access through an automatic door. The renovated interior includes vinyl flooring, a new restroom, and heating and cooling. Utility and storage areas have epoxy-coated concrete floors.
The exterior pairs stone veneer and stucco with red siding. A covered porch, paved asphalt parking area, and perimeter sidewalks complete the site.
The exterior pairs stone veneer and stucco with red siding. A covered porch, paved asphalt parking area, and perimeter sidewalks complete the site.
Key Highlights
- Garage with automatic door and drive‑in access
- Renovated office space with vinyl flooring and a new restroom
- Heating and cooling system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,793
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,860
$195.9K
Cap Rate 7%
$139,900
$139.9K
Cap Rate 9%
$108,811
$108.8K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$16.0K $11.40/SF
− Vacancy
−$894 −$0.64/SF
EGI
$15.1K $10.76/SF
− OpEx
−$5.3K −$3.77/SF
NOI
$9.8K $7.00/SF
Area
Northampton County, PA
Vacancy
5.60%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,860
Cap Rate 7%
$139,900
Cap Rate 9%
$108,811
Alternative Uses
Best Use
Industrial
$148.7K
$130.1K – $173.5K
NOI $10,409 @ 7.0% cap · market cap 297.40%
Second Best
Flex RnD
$139.9K
$122.4K – $163.2K
NOI $9,793 @ 7.0% cap · market cap 279.80%
Theoretical Best
Office A
$265.5K
$232.4K – $309.8K
NOI $18,588 @ 7.0% cap · market cap 531.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18017, PA
39,663
Population
16,773
Households
2.4
Avg Household Size
46
Median Age
40%
College-Educated
93%
High-School Grad
16.8 sq mi
ZIP Area
2,361
Density / Sq Mi
$88,946
Median Household Income
$45,618
Median Earnings
$1,535
Median Rent
$310,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Antojitos Boricuas LLC — 1231 Stefko Blvd, Bethlehem, PA 18017
Frequently Asked Questions
What type of property is this?
Flex space - Updated offices, climate control, and a new restroom support a range of workspace needs.
Where is this flex space located?
The property is located at 1216 Pembroke Road 2 Bethlehem, PA.
What are key features of this property?
This property features: Garage with automatic door and drive‑in access; Renovated office space with vinyl flooring and a new restroom; Heating and cooling system
