Class A Medical Office
For Sale
Contact for pricing
1611 Pond Road, Allentown, PA 18104
Turnkey 4th-floor corner suite with ADA-compliant restrooms and multiple exam and consultation rooms.
Property Size3,354 SF
Price / SF$238.22
Days on Market96
Property Features for 1611 Pond Road
General Information
Standard status
Active
Size
3,354 SF
Class
A
Total Parking Spaces
2
Property subtype
Office
Zoning
GC-I
Investment Type
Owner/User
Building Details
Units
251
Listing Agency:
The James Balliet Property Group
Listed By:
James Balliet · License #PA RS227612L
(610) 435-1800
Source:
Crexi
Added: Jun 16
Changed: Sep 13
Last Checked: Sep 18 at 8:21AM
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 The James Balliet Property Group
Investment Insights
Based on property information with market context.
This Class A medical office condominium, Suite 403 at Paragon Centre, is a corner unit on the 4th floor offered for sale or lease. The suite is presented as turnkey and is described as having been meticulously upgraded for medical use. Interior improvements include five highly appointed exam rooms, multiple consultation rooms, and executive offices. The space also features ADA-compliant restrooms and abundant built-in millwork and finish upgrades that are stated to be ADA-compliant.
The condominium is located within Paragon Centre at 1611 Pond Rd in Allentown, Pennsylvania. The offering includes two designated spaces in the underground parking garage, and the building is described as providing ample tenant and customer parking. Additional property systems noted include a brand-new central HVAC system.
Designed for medical providers, the layout supports a mix of exam, consultation, and administrative functions within a single suite. With ADA-compliant components and dedicated parking included, the space may be well suited for practices seeking a prestigious, move-in ready environment inside a well-appointed medical office building. The suite’s corner position is also noted for providing abundant natural light and views.
The condominium is located within Paragon Centre at 1611 Pond Rd in Allentown, Pennsylvania. The offering includes two designated spaces in the underground parking garage, and the building is described as providing ample tenant and customer parking. Additional property systems noted include a brand-new central HVAC system.
Designed for medical providers, the layout supports a mix of exam, consultation, and administrative functions within a single suite. With ADA-compliant components and dedicated parking included, the space may be well suited for practices seeking a prestigious, move-in ready environment inside a well-appointed medical office building. The suite’s corner position is also noted for providing abundant natural light and views.
Key Highlights
- 4th‑floor Class A medical office condo, Suite 403, Paragon Centre (1611 Pond Rd, Allentown) with 3,354 SF corner exposure.
- Former ophthalmology and aesthetics practice with 5 exam rooms plus multiple consultation rooms and executive offices.
- ADA‑compliant restrooms and other ADA‑compliant finish features throughout the suite.
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
$29,353
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
3.67%
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%
$587,060
$587.1K
Cap Rate 7%
$419,329
$419.3K
Cap Rate 9%
$326,144
$326.1K
Market Conditions
NOI Build-Up for 3,354 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
$52.3K $15.60/SF
− Vacancy
−$3.4K −$1.01/SF
EGI
$48.9K $14.59/SF
− OpEx
−$19.6K −$5.83/SF
NOI
$29.4K $8.75/SF
Area
Allentown, PA
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
40.00%
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%
$587,060
Cap Rate 7%
$419,329
Cap Rate 9%
$326,144
Alternative Uses
Best Use
Healthcare Medical
$419.3K
$366.9K – $489.2K
NOI $29,353 @ 7.0% cap · market cap 3.67%
Second Best
Office B
$260.1K
$227.6K – $303.5K
NOI $18,208 @ 7.0% cap · market cap 2.28%
Theoretical Best
Specialty Retail
$658.9K
$576.6K – $768.7K
NOI $46,124 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,070
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 18104, PA
47,289
Population
18,686
Households
2.5
Avg Household Size
42
Median Age
45%
College-Educated
93%
High-School Grad
23.0 sq mi
ZIP Area
2,056
Density / Sq Mi
$94,279
Median Household Income
$48,585
Median Earnings
$1,620
Median Rent
$296,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey 4th-floor corner suite with ADA-compliant restrooms and multiple exam and consultation rooms.
Where is this medical office space located?
The property is located at 1611 Pond Road Allentown, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 4th‑floor Class A medical office condo, Suite 403, Paragon Centre (1611 Pond Rd, Allentown) with 3,354 SF corner exposure.; Former ophthalmology and aesthetics practice with 5 exam rooms plus multiple consultation rooms and executive offices.; ADA‑compliant restrooms and other ADA‑compliant finish features throughout the suite.
