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

    187 Main St Emmaus, PA 18049

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office building with multiple spaces and recent upgrades for sale.

    Lot size:
    0.40 Acres

    Property Features for 187 Main St

    General Information

    Standard status
    Active
    Lot size
    0.40 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Rob Mccann
    Source: Exitrealty

    Listing Agency: Assist 2 Sell Buyers & Sellers Realty, LLC Listing Agent: Rob Mccann

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

    Learn more

    Overview

    Emmaus Village Centre Office Building

    Located in Emmaus, the Village Centre Office Building at 187-191 Main St presents an opportunity to own commercial real estate. The building comprises 22 spaces and includes restrooms on each of its three levels. A kitchenette is available for tenant use on the second floor. Common areas include two conference rooms and a marketing screen in the foyer. Recent upgrades to the property feature security cameras, a new blacktop parking lot, and curbing. The landlord maintains the common areas, hallways, bathrooms, and conference rooms. Most units have common AC/heat from the building, while some units have their own HVAC and electric meter, which the tenant pays for. This property is intended for office use and may suit various business portfolios.
    Location Intelligence

    Current Use by Public Records

    CAP of PA Training Center Andrea Barnes Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Emmaus
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4890891
    Latitude
    40.537921

    Nearby Similar for Sale

    • New
      Contact for pricing
      2,600 SF

      Renovated Office Space in Emmaus

      Renovated 1,350 SF office space in a desirable location.
      183 Ridge St, Emmaus, PA 18049
      View Details
    • Contact for pricing
      7,180 SF

      Retail Space on Chestnut Street

      2,996 SF retail space with high visibility.
      4095 Chestnut St, Emmaus, PA 18049
      View Details
    • $360,000
      4,234 SF

      Industrial Workshop/Warehouse in Emmaus

      Versatile industrial property suitable for various business uses.
      28 Moyer St, Emmaus, PA 18049
      View Details
    • Contact for pricing
      5,600 SF

      Emmaus Office Building For Sale

      Multi-tenant office building with renovation potential near Emmaus Avenue.
      619 Dalton St, Emmaus, PA 18049
      View Details
    • New
      Contact for pricing
      4,000 SF

      Emmaus Warehouse Garage Space

      Conveniently located warehouse ideal for storage or contractor headquarters.
      123 S 4Th St, Emmaus, PA 18049
      View Details
    • Contact for pricing
      78,000 SF

      Emmaus Warehouse with Flexible Space

      Conveniently located warehouse with office space and loading dock.
      322 S 4Th St S, Emmaus, PA 18049
      View Details
    • Contact for pricing

      Village Centre Office Building For Sale

      Office building with multiple spaces and recent upgrades for sale.
      191 Main St, Emmaus, PA 18049
      View Details
    • Contact for pricing
      141,937 SF

      Lehigh Valley Industrial Campus

      141,937 SF industrial campus 100% leased through October 2030.
      726 Broad St, Emmaus, PA 18049
      View Details
    • $990,000
      13,216 SF

      Emmaus Mixed-Use Historic Property

      Prime Emmaus location, 13,216 sq ft, huge potential.
      525 Chestnut St, Emmaus, PA 18049
      View Details
    • $1,250,000
      12,414 SF

      Emmaus Office Building - Main Street

      Prime Emmaus Office Building, 12,414 sq ft
      187 Main St, Emmaus, PA 18049
      View Details
    • Contact for pricing
      17,658 SF

      Emmaus Redevelopment Opportunity: 55+ Apartments

      Approved for 28 units, partially renovated, ideal for redevelopment.
      659 Broad St, Emmaus, PA 18049
      View Details
    • Contact for pricing
      1.14 Acres

      Emmaus Plaza Retail Space For Lease

      High-traffic location, flexible space, ideal for various businesses.
      4030 Chestnut St, Emmaus, PA 18049
      View Details

    FAQs

    What type of property is this?
    Office building - Office building with multiple spaces and recent upgrades for sale.
    Where is this office building located?
    The property is located at 187 Main St Emmaus, PA.
    What are key features of this property?
    This property features: - Opportunity to own commercial property in Emmaus.; - 22 office spaces within the building.; - Recently upgraded with **security cameras, new blacktop parking lot and curbing.**
    (610) 837-7900
    Request Owner's contact information
    187 Main St Emmaus, PA 18049
    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.
    187 Main St
    Emmaus, PA 18049
    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
    187 Main St Emmaus, PA 18049
    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

    We can help!
    Listing Contact
    Rob Mccann
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!