202-2895 Hamilton Boulevard, Allentown, PA 18104

Building Details

Tenancy Single More

Abandoned No More

Listing Agency: CENTURY 21 Keim Realtors c***@gmail.com Show Phone

Listed By: Loren K. Keim Jr. · License #RM420221 Show Phone

Source: Exprealty

Added: Oct 31 Changed: Nov 6 Last Checked: Nov 8 at 7:14AM

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Investment Insights

Based on property information with market context.

This 2,380-square-foot medical office condominium includes a reception area, patient waiting room, and seven private exam rooms that can also function as offices. Luxury vinyl flooring is among the recent improvements. The property is currently leased, and earlier occupancy may be considered by agreement with the tenant, subject to confirmation.

Located at 202-2895 Hamilton Boulevard in Allentown, the office is within an established professional complex with access at a signalized intersection. Hamilton Boulevard is also identified as Route 222.

Key Highlights

• 2,380‑square‑foot medical office condominium
• Seven private exam rooms, also suitable for office use
• Reception area and patient waiting room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,829

Cap Rate

4.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$416,580 $416.6K

Cap Rate 7%

$297,557 $297.6K

Cap Rate 9%

$231,433 $231.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,380 SF

Gross rent

$37.1K $15.60/SF

− Vacancy

−$2.4K −$1.01/SF

EGI

$34.7K $14.59/SF

− OpEx

−$13.9K −$5.83/SF

NOI

$20.8K $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 Rate 5%

$416,580

Cap Rate 7%

$297,557

Cap Rate 9%

$231,433

Alternative Uses

Best Use

Healthcare Medical

$297.6K

$260.4K – $347.2K (±1% cap)

NOI $20,829 @ 7.0% cap · market cap 4.73%

Second Best

Office B

$184.6K

$161.5K – $215.4K (±1% cap)

NOI $12,921 @ 7.0% cap · market cap 2.94%

Theoretical Best

Specialty Retail

$467.6K

$409.1K – $545.5K (±1% cap)

NOI $32,730 @ 7.0% cap · market cap 7.44%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Law Firm HVAC Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

736

Businesses Nearby

Under-served

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

Market

Average Price Trend$/SF for Medical Office Space in Allentown, PA

$216 Jul

$226 Aug

$215 Sep

$220 Oct

Properties on Market for Medical Office Space in Allentown

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - A reception area, patient waiting room, and seven private rooms serve medical or professional functions.

Where is this medical office space located?

The property is located at 202-2895 Hamilton Boulevard Allentown, PA.

What is the asking price?

The asking price for this property is $439,900.

What are key features of this property?

This property features: 2,380‑square‑foot medical office condominium; Seven private exam rooms, also suitable for office use; Reception area and patient waiting room