Building Details

Year Built 1910

Listing Agency: Light House Realty LV LLC

Listed By: Christine A. Stefchak Show Phone

Source: Jennysoldmine

Added: Jul 24 Changed: Oct 13 Last Checked: Oct 24 at 10:33PM

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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

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Investment Insights

Based on property information with market context.

This office building offers a functional layout for professional uses. The first floor includes a tile-floored lobby, a reception office with existing plexiglass, two additional private offices, and a convenient half bathroom. Upstairs, there are three more office spaces along with an additional half bath, plus access to a partially finished attic that can be used for storage or flexible space needs.

The property provides off-street parking in the rear and ample street parking in front. It is described as located directly across from Meuser Park in Wilson Borough, with surrounding new development and local destinations.

The building is delivered with a clear Certificate of Occupancy from Wilson Borough.

Key Highlights

• Office building directly across from Meuser Park in Wilson Borough, with surrounding nearby destinations and new development
• First floor includes a tiled lobby, reception office with existing plexiglass, two private offices, and a half bathroom
• Second floor offers three additional office spaces, an additional half bath, and attic access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,185

Cap Rate

8.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$403,700 $403.7K

Cap Rate 7%

$288,357 $288.4K

Cap Rate 9%

$224,278 $224.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,946 SF

Gross rent

$29.2K $15.00/SF

− Vacancy

−$2.3K −$1.17/SF

EGI

$26.9K $13.83/SF

− OpEx

−$6.7K −$3.46/SF

NOI

$20.2K $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 Rate 5%

$403,700

Cap Rate 7%

$288,357

Cap Rate 9%

$224,278

Alternative Uses

Best Use

Office B

$288.4K

$252.3K – $336.4K (±1% cap)

NOI $20,185 @ 7.0% cap · market cap 8.07%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$369.1K

$323.0K – $430.6K (±1% cap)

NOI $25,837 @ 7.0% cap · market cap 10.33%

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

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Cafe & Coffee Shop Law Firm Bakery Electrical Service

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

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

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?

Office building - Office building featuring a lobby, multiple private offices, and off-street parking in the rear, plus attic storage space.

Where is this office building located?

The property is located at 2204 Northampton St 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: Office building directly across from Meuser Park in Wilson Borough, with surrounding nearby destinations and new development; First floor includes a tiled lobby, reception office with existing plexiglass, two private offices, and a half bathroom; Second floor offers three additional office spaces, an additional half bath, and attic access