Multi-Office Building with
For Sale
$249,999
2204 Northampton St, Easton, PA 18042
Office building featuring a lobby, multiple private offices, and off-street parking in the rear, plus attic storage space.
Property Size1,946 SF
Price / SF$128.47
Days on Market49
Property Features for 2204 Northampton St
General Information
Standard status
Active
Size
1,946 SF
Building Details
Year Built
1910
Listing Agency:
Light House Realty LV LLC
Listed By:
Christine A. Stefchak
(484) 553-4779
Source:
Jennysoldmine
Added: Jul 24
Changed: Sep 8
Last Checked: Sep 9 at 9:03PM
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.
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.
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 = 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
$20,185
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
8.07%
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%
$403,700
$403.7K
Cap Rate 7%
$288,357
$288.4K
Cap Rate 9%
$224,278
$224.3K
Market Conditions
NOI Build-Up for 1,946 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
$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 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%
$403,700
Cap Rate 7%
$288,357
Cap Rate 9%
$224,278
Alternative Uses
Best Use
Office B
$288.4K
$252.3K – $336.4K
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
NOI $25,837 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
