Flex Warehouse with Multiple Overhead
For Sale
$529,900
610 FRONT STREET, Catasauqua, PA 18032
This warehouse and flex space offers three tall overhead doors, an end-of-building yard, and front paved parking for about 10 cars.
Property Size4,000 SF
Price / SF$132.48
Days on Market466
Property Features for 610 FRONT STREET
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
10
Property subtype
Commercial/Industrial
Zoning
TC
Additional Details
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$7,061
Building Details
Year Built
1988
Listing Agency:
Iron Valley Real Estate Doylestown
(215) 622-3580
Listed By:
Zac T Rank · License #RS323894
(215) 622-3580
Source:
Exitrealty
Added: May 15, 2025
Changed: Aug 23
Last Checked: Aug 23 at 3:10AM
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 Iron Valley Real Estate Doylestown
Investment Insights
Based on property information with market context.
This warehouse and flex space offers approximately 4,840 square feet under roof, with a current layout consisting of roughly 70% storage/operations and 30% office space. The facility is equipped with three 10' by 9' tall overhead doors, providing straightforward truck access for loading and unloading. A yard area at the end of the building adds outdoor space for operations, and the paved driveway in front provides parking for about 10 cars.
A new roof was installed in 11/2021. The property is under TC zoning, and the public remarks indicate many permitted uses, with a list available as an attachment. The configuration may support a multi-tenant conversion depending on how the space is reconfigured.
Overall, the building combines functional storage and truck access with on-site office space, along with yard and front parking to support day-to-day operations.
A new roof was installed in 11/2021. The property is under TC zoning, and the public remarks indicate many permitted uses, with a list available as an attachment. The configuration may support a multi-tenant conversion depending on how the space is reconfigured.
Overall, the building combines functional storage and truck access with on-site office space, along with yard and front parking to support day-to-day operations.
Key Highlights
- Large warehouse with 4,000+ sqft under roof and three 10' x 9' tall overhead doors for truck access
- Layout includes 70% storage/operations and 30% office space
- TC zoning allows many permitted uses (see attached list); possible multi‑tenant conversion
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
$36,207
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
6.83%
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%
$724,140
$724.1K
Cap Rate 7%
$517,243
$517.2K
Cap Rate 9%
$402,300
$402.3K
Market Conditions
NOI Build-Up for 4,000 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
$46.0K $11.50/SF
− Vacancy
−$3.4K −$0.85/SF
EGI
$42.6K $10.65/SF
− OpEx
−$6.4K −$1.60/SF
NOI
$36.2K $9.05/SF
Area
Lehigh County, PA
Vacancy
7.40%
Lease Rate
$11.50 /SF/Yr
Expense Ratio
15.00%
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%
$724,140
Cap Rate 7%
$517,243
Cap Rate 9%
$402,300
Alternative Uses
Best Use
Warehouse
$517.2K
$452.6K – $603.5K
NOI $36,207 @ 7.0% cap · market cap 6.83%
Second Best
Industrial
$426.0K
$372.7K – $497.0K
NOI $29,817 @ 7.0% cap · market cap 5.63%
Theoretical Best
Mixed Use
$588.2K
$514.7K – $686.3K
NOI $41,175 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
522
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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Similar Off Market Nearby
- Budget Store & Lock Self Storage — 2813 Lehigh St, Whitehall, PA 18052
Frequently Asked Questions
What type of property is this?
Warehouse - This warehouse and flex space offers three tall overhead doors, an end-of-building yard, and front paved parking for about 10 cars.
Where is this warehouse located?
The property is located at 610 FRONT STREET Catasauqua, PA.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: Large warehouse with 4,000+ sqft under roof and three 10' x 9' tall overhead doors for truck access; Layout includes 70% storage/operations and 30% office space; TC zoning allows many permitted uses (see attached list); possible multi‑tenant conversion
