Renovated Mixed-Use Office and
For Sale
$549,900
1465 Stefko, Bethlehem, PA 18017
Renovated mixed-use building combines main-level office space with a leased residential unit and multiple entrances.
Property Size5,460 SF
Price / SF$100.71
Days on Market57
Property Features for 1465 Stefko
General Information
Standard status
Active
Size
5,460 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Office Units
2
Taxes and HOA fees
Annual Taxes
$7,947
Amenities
Central air
Electric Heating
Gas Heating
Off Street
Vinyl Flooring
Wall Window Units Cooling
Wood Flooring
Building Details
Year Built
1966
Listing Agency:
HOME TEAM REAL ESTATE
(610) 419-8888
Listed By:
JASON R. KOCSIS
Source:
Corcoran
Added: Jun 17
Changed: Aug 11
Last Checked: Aug 11 at 8:00AM
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 HOME TEAM REAL ESTATE
Investment Insights
Based on property information with market context.
This renovated mixed-use property includes upper-level residential space and main-level commercial office areas. The residential unit is move-in ready and features an eat-in kitchen with brand-new appliances, three bedrooms, a dedicated office, 1.5 bathrooms, a laundry room, and a large living and dining area. The main level offers two large office areas with new flooring and updated bathrooms, along with storefront windows designed for customer or client exposure. The property also provides three separate entrances, off-street parking in the rear, and separately metered electric service for each unit.
Located at 1465 Stefko in Bethlehem City, PA 18017, the commercial space benefits from large storefront windows facing a busy, high-traffic roadway. The property is described as conveniently near major highways, as well as shopping and dining.
For buyers or owner-occupants, the layout supports a live-and-work arrangement with separate residential and office functionality, supported by the building’s separate electric meters and multiple entrances. The residential unit is currently leased, and the commercial space is configured as flexible office areas suitable for a range of professional uses, with updated finishes and dedicated updated restroom facilities.
Located at 1465 Stefko in Bethlehem City, PA 18017, the commercial space benefits from large storefront windows facing a busy, high-traffic roadway. The property is described as conveniently near major highways, as well as shopping and dining.
For buyers or owner-occupants, the layout supports a live-and-work arrangement with separate residential and office functionality, supported by the building’s separate electric meters and multiple entrances. The residential unit is currently leased, and the commercial space is configured as flexible office areas suitable for a range of professional uses, with updated finishes and dedicated updated restroom facilities.
Key Highlights
- 1966 mixed‑use building with a leased residential unit and main‑level commercial office space
- Upper‑level residence offers 3 bedrooms, a dedicated office, eat‑in kitchen, 1.5 bathrooms, laundry room, and large living/dining area
- Residential unit was recently renovated and is leased for $2,350/month
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
$39,870
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
7.25%
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%
$797,400
$797.4K
Cap Rate 7%
$569,571
$569.6K
Cap Rate 9%
$443,000
$443.0K
Market Conditions
NOI Build-Up for 5,460 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
$57.7K $10.56/SF
− Vacancy
−$4.5K −$0.82/SF
EGI
$53.2K $9.74/SF
− OpEx
−$13.3K −$2.43/SF
NOI
$39.9K $7.30/SF
Area
Lehigh County, PA
Vacancy
7.80%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
25.00%
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%
$797,400
Cap Rate 7%
$569,571
Cap Rate 9%
$443,000
Alternative Uses
Best Use
Mixed Use
$802.9K
$702.6K – $936.7K
NOI $56,204 @ 7.0% cap · market cap 10.22%
Second Best
Office B
$569.6K
$498.4K – $664.5K
NOI $39,870 @ 7.0% cap · market cap 7.25%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated mixed-use building combines main-level office space with a leased residential unit and multiple entrances.
Where is this mixed-use property located?
The property is located at 1465 Stefko Bethlehem, PA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 1966 mixed‑use building with a leased residential unit and main‑level commercial office space; Upper‑level residence offers 3 bedrooms, a dedicated office, eat‑in kitchen, 1.5 bathrooms, laundry room, and large living/dining area; Residential unit was recently renovated and is leased for $2,350/month
