Day Care Center in Former
New
For Sale
$999,997
1926 2nd Street, Bethlehem, PA 18020
The former school is currently used for an after-school program and summer camp.
Property Size10,668 SF
Price / SF$93.74
Days on Market3
Property Features for 1926 2nd Street
General Information
Standard status
Active
Size
10,668 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$8,772
Amenities
Central air conditioning
ADA accessible
Security and surveillance
Ample signage
Building Details
Building Size
10,668 SF
Year Built
1917
Buildings
1
Listing Agency:
BHHS Regency Real Estate
Listed By:
Andrew A. Ginsburg
(610) 393-0892
Source:
Bhhspaulfordrealtors
Added: Sep 23
Changed: Sep 24
Last Checked: Sep 24 at 2:42PM
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 BHHS Regency Real Estate
Investment Insights
Based on property information with market context.
A converted school totaling 10,668 square feet is currently used for an after-school program and summer camp. The building has central air conditioning, ADA access, security and surveillance systems, and signage. Municipal water, sewer, and natural gas serve the property.
Fenced parking accommodates 50+ vehicles. The property has access to routes 22, 33, and 78.
Fenced parking accommodates 50+ vehicles. The property has access to routes 22, 33, and 78.
Key Highlights
- 10,668‑square‑foot building
- Fenced parking for 50+ vehicles
- Currently used for an after‑school program and summer camp
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
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
300
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 - The former school is currently used for an after-school program and summer camp.
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 building; Fenced parking for 50+ vehicles; Currently used for an after‑school program and summer camp
