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

    1341-1383 Blue Valley Dr Pen Argyl, PA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in a busy, anchored shopping center.

    Type:RETAIL
    Property size:
    3,484 SF
    Lot size:
    18.82 Acres
    Added:
    Dec 4, 2023
    Days on Market:
    877
    Last Refresh:
    Apr 5 at 9:20 pm

    Property Features for 1341-1383 Blue Valley Dr

    General Information

    Standard status
    Active
    Size
    3,484 SF
    Lot size
    18.82 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1341-1383 Blue Valley Dr Contact us

    We can help!

    Listing Contact
    James Balliet

    Listing agent James Balliet License #RS227612L

    Listing office James Balliet Property Group

    Listing date Dec 4, 2023

    Source Moodyscre

    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 James Balliet Property Group

    Overview

    Retail Space in Bangor Plaza

    Bangor Plaza is a 132,541 square foot retail shopping center located in Bangor, PA. The plaza is co-anchored by Weis Markets and Lehigh Valley Health Network. It features national and regional co-tenants such as Dollar Tree, Subway, Miracle Ear, Fine Wine and Good Spirits, and Domino's Pizza. The neighborhood center is grocery-anchored and offers convenient access from a full movement signalized intersection. A highly visible pylon sign is present from Blue Valley Drive (Rt. 512). Available space is 3,484 square feet and is located at 1341-1383 Blue Valley Dr, Pen Argyl, PA. The lease rate is $12 per square foot.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    • Bangor Plaza — 1309 Blue Valley Dr, Pen Argyl, PA 18072

    Location Insight

    • Map
    • Local Demand
    City
    Pen Argyl
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.2393
    Latitude
    40.8723

    Nearby Similar for Lease

    • $5 SF/Yr

      Pen Argyl Office Space Available

      Professional office space in a well-located former bank building.
      215 S Robinson Avenue, Pen Argyl Boro, PA 18072
      View Details
    • $12 SF/Yr

      Retail Space in Bangor Plaza

      Retail spaces available in grocery-anchored shopping center.
      1309 Blue Valley Drive unit: 4, Pen Argyl, PA 18072
      View Details
    • $11 SF/Yr

      Retail Space in Bangor Plaza

      Retail space available in grocery-anchored shopping center.
      1309 Blue Valley Drive unit: 8, Pen Argyl, PA 18072
      View Details
    • $3,750/Mo

      Pen Argyl Parking Garage

      Five-bay parking garage available for lease in Pen Argyl.
      950 Pennsylvania Avenue, PEN ARGYL, PA 18072
      View Details
    • $3,950/Mo

      Pen Argyl Commercial Parking Garage

      Five-bay parking garage available for lease in Pen Argyl.
      950 Pennsylvania Avenue, Pen Argyl, PA 18072
      View Details
    • Contact for pricing

      Retail Space in Pen Argyl

      Neighborhood center anchored by Ace Hardware with retail opportunities.
      416-438 Blue Valley Dr, Pen Argyl, PA
      View Details
    • Contact for pricing

      Retail Space in Bangor Plaza

      132,541 SF retail shopping center in Bangor, PA.
      1309 Blue Valley Dr, Pen Argyl, PA 18072
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in a busy, anchored shopping center.
    Where is this shopping center located?
    The property is located at 1341-1383 Blue Valley Dr Pen Argyl, PA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Anchored by Weis Markets and Lehigh Valley Health Network, providing consistent customer traffic.; Features national/regional co‑tenants like Dollar Tree, Subway, and Dominos Pizza.; Located in Bangor, PA, offering a retail shopping center in the area.
    (610) 972-6808 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    James Balliet
    Real Estate License ID: RS227612L
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!