Multi-Tenant Office
187 Main St Emmaus, PA 18049
New
187 Main St, Emmaus, PA, 18049
$1,100,000
For Sale
$1,100,000
Village Centre Office Building offers multiple office spaces across three levels with shared restrooms and select units with kitchenette.
Property Size12,414 SF
Price / SF$88.61
Days on Market2
Property Features for 187 Main St
General Information
- Standard status
- Active
- Size
- 12,414 SF
Building Details
- Year Built
- 1900
Listing agency
Assist 2 Sell Buyers & Sellers Realty, LLC
(610) 837-7900
Listed by
Robert McCann
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 9:32AM Checked: Jul 22 at 9:32AM
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 Assist 2 Sell Buyers & Sellers Realty, LLC
Investment Insights
Based on property information with market context.
The Village Centre Office Building features 22 office spaces arranged across three levels, with two restrooms on each level. A kitchenette is available for tenants on the second floor, and the building includes two conference rooms along with a marketing screen in the foyer. Recent upgrades include security cameras, a new blacktop parking lot, and parking lot curbing.
Landlord-managed common areas include hallways, bathrooms, and conference rooms. Most units are served by common building AC/heat, while some units have their own HVAC and an electric meter that the tenant pays.
The property is offered for sale as a multi-tenant office building with common area and conference room support in place.
Landlord-managed common areas include hallways, bathrooms, and conference rooms. Most units are served by common building AC/heat, while some units have their own HVAC and an electric meter that the tenant pays.
The property is offered for sale as a multi-tenant office building with common area and conference room support in place.
Key Highlights
- Village Centre Office Building built in 1900 with office space across three levels
- 22 office spaces with two restrooms on each of the three levels, plus a kitchenette for tenants on the second floor
- Includes 2 conference rooms and a marketing screen in the foyer
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $131.1k | $10.56 |
| − Vacancy | −$10.2k | −$0.82 |
| EGI | $120.9k | $9.74 |
| − OpEx | −$30.2k | −$2.43 |
| NOI | $90.7k | $7.30 |
12,414 SF · lease $10.56/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,650 @ 7.0% cap · market cap 8.24%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$1.83M
$1.60M – $2.13M
NOI $127,787 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CAP of PA
Training Center
Andrea Barnes
Physician
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FAQs
What type of property is this?
Office units - Village Centre Office Building offers multiple office spaces across three levels with shared restrooms and select units with kitchenette.
Where is this office units located?
The property is located at 187 Main St Emmaus, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Village Centre Office Building built in 1900 with office space across three levels; 22 office spaces with two restrooms on each of the three levels, plus a kitchenette for tenants on the second floor; Includes 2 conference rooms and a marketing screen in the foyer
