Three-Story Office
For Sale
$249,999
2202 Northampton Street, Easton, PA 18042
Flexible commercial layout with private offices, storage, parking, and a detached brick garage.
Property Size1,560 SF
Days on Market120
Property Features for 2202 Northampton Street
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$4,135
Building Details
Building Size
1,560 SF
Year Built
1910
Buildings
2
Stories
3
Listing Agency:
Light House Realty LV LLC
(484) 553-4779
Listed By:
Christine A. Stefchak
Source:
Bhhspaulfordrealtors
Added: May 5
Changed: Aug 29
Last Checked: Aug 30 at 10:26PM
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 Light House Realty LV LLC
Investment Insights
Based on property information with market context.
Built in 1910, this office building offers a multi-level layout suited to a range of professional operations. The first floor includes several adaptable rooms and storage closets, while the second floor contains three private offices and a full bathroom. The third floor is unfinished, providing additional interior area for storage or future buildout. A foyer connects the entrance to the main floor.
The property is located at 2202 Northampton Street in Wilson Borough, directly across from Meuser Park. Site improvements include a detached brick garage and parking lot, with additional street parking along the front of the building. The building is delivered with a clear CO, and floor plans are available in the listing photos.
The property is located at 2202 Northampton Street in Wilson Borough, directly across from Meuser Park. Site improvements include a detached brick garage and parking lot, with additional street parking along the front of the building. The building is delivered with a clear CO, and floor plans are available in the listing photos.
Key Highlights
- Three private offices and a full bathroom on the second floor
- Unfinished third‑floor area for storage or future buildout
- Detached brick garage with on‑site parking lot
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
$16,181
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
6.47%
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%
$323,620
$323.6K
Cap Rate 7%
$231,157
$231.2K
Cap Rate 9%
$179,789
$179.8K
Market Conditions
NOI Build-Up for 1,560 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
$23.4K $15.00/SF
− Vacancy
−$1.8K −$1.17/SF
EGI
$21.6K $13.83/SF
− OpEx
−$5.4K −$3.46/SF
NOI
$16.2K $10.37/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$323,620
Cap Rate 7%
$231,157
Cap Rate 9%
$179,789
Alternative Uses
Best Use
Office B
$231.2K
$202.3K – $269.7K
NOI $16,181 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$295.9K
$258.9K – $345.2K
NOI $20,712 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,297
Businesses Nearby
Explore this area
Business Placement
Demographics for 18042, PA
44,026
Population
17,932
Households
2.5
Avg Household Size
36
Median Age
27%
College-Educated
89%
High-School Grad
22.1 sq mi
ZIP Area
1,992
Density / Sq Mi
$75,806
Median Household Income
$40,015
Median Earnings
$1,245
Median Rent
$205,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible commercial layout with private offices, storage, parking, and a detached brick garage.
Where is this office building located?
The property is located at 2202 Northampton Street Easton, PA.
What is the asking price?
The asking price for this property is $249,999.
What are key features of this property?
This property features: Three private offices and a full bathroom on the second floor; Unfinished third‑floor area for storage or future buildout; Detached brick garage with on‑site parking lot
