Day Care Center with Fenced
New
For Sale
$999,997
1926 2nd Street, Bethlehem, PA 18020
CommercialSale, Bethlehem City, PA
Property Size10,668 SF
Lot Size0.63 Acres
Price / SF$93.74
Days on Market2
Property Features for 1926 2nd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mdr-Medium Density Reside
Parking
50
Parking features
Parking Lot, Off Street, On Street
Elementary school district
Bethlehem
Middle school district
Bethlehem
High school district
Bethlehem
Directions
Route 33 to Freemansburg exit, keep right. Right on Linden St to 2nd St. Building on left.
Subdivision
Bethlehem Twp.
Standard status
Active
APN
N7NW3-44-9-0205
Size
10,668 SF
Lot size
0.63 Acres
Taxes and HOA fees
Tax Annual Amount
8772
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
Central air conditioning
ADA accessible
Full security and surveillance
Ample signage
Building Details
Year built
1917
Listing Agency:
BHHS Regency Real Estate · Prudential Real Estate
(610) 432-5252
Listed By:
Andrew A. Ginsburg
(610) 349-6644
Added: Sep 23
Last Checked: Sep 24 at 4:06PM
MLS# 784841
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 10,668-square-foot converted school building is currently used for an after-school program and summer camp. The property includes central air conditioning, ADA access, full security and surveillance, signage, and fenced parking accommodating 50+ vehicles. Municipal water and sewer service, along with natural gas, support ongoing operations.
Situated on 0.631 acres at 1926 2nd Street in Bethlehem City, the property offers access to Routes 22, 33, and 78. The Mdr-Medium Density Reside zoning designation and existing building configuration support consideration of day care, flex, and dance studio uses identified in the property information. Built in 1917, the building also includes on-street, parking lot, and off-street parking options.
Situated on 0.631 acres at 1926 2nd Street in Bethlehem City, the property offers access to Routes 22, 33, and 78. The Mdr-Medium Density Reside zoning designation and existing building configuration support consideration of day care, flex, and dance studio uses identified in the property information. Built in 1917, the building also includes on-street, parking lot, and off-street parking options.
Key Highlights
- 10,668‑square‑foot converted school building
- Fenced parking accommodates 50+ vehicles
- Municipal water, public sewer, and natural gas service
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
$79,317
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
7.93%
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%
$1,586,340
$1.6M
Cap Rate 7%
$1,133,100
$1.1M
Cap Rate 9%
$881,300
$881.3K
Market Conditions
NOI Build-Up for 10,668 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
$122.9K $11.52/SF
− Vacancy
−$9.6K −$0.90/SF
EGI
$113.3K $10.62/SF
− OpEx
−$34.0K −$3.19/SF
NOI
$79.3K $7.44/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$11.52 /SF/Yr
Expense Ratio
30.00%
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%
$1,586,340
Cap Rate 7%
$1,133,100
Cap Rate 9%
$881,300
Alternative Uses
Best Use
Industrial
$1.13M
$991.5K – $1.32M
NOI $79,317 @ 7.0% cap · market cap 7.93%
Second Best
Flex RnD
$1.07M
$932.8K – $1.24M
NOI $74,623 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,637 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 18020, PA
20,582
Population
7,940
Households
2.6
Avg Household Size
45
Median Age
42%
College-Educated
96%
High-School Grad
13.0 sq mi
ZIP Area
1,583
Density / Sq Mi
$122,610
Median Household Income
$53,144
Median Earnings
$1,493
Median Rent
$348,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Similar Off Market Nearby
- Giggles Kids Club — 1580 6th St, Bethlehem, PA 18020
- Kids Club Child Care Center — 2104 Stefko Blvd, Bethlehem, PA 18017
- Precious Ones Day Care — 3049 Fairview St, Bethlehem, PA 18020
- Bright Light Learning Center — 2641 Easton Ave, Bethlehem, PA 18017
Frequently Asked Questions
What type of property is this?
Day care center - Converted school building offers ADA access, central air, municipal utilities, and secured parking for community-oriented uses.
Where is this day care center located?
The property is located at 1926 2nd Street Bethlehem, PA.
What is the asking price?
The asking price for this property is $999,997.
What are key features of this property?
This property features: 10,668‑square‑foot converted school building; Fenced parking accommodates 50+ vehicles; Municipal water, public sewer, and natural gas service
