Flex Space with Loading
For Sale
$399,000
2241 Ridge Rd, Bangor, PA 18013
Corner access, fenced yard, and paved parking support adaptable commercial use.
Property Size3,200 SF
Price / SF$124.69
Days on Market79
Property Features for 2241 Ridge Rd
General Information
Standard status
Active
Size
3,200 SF
Taxes and HOA fees
Annual Taxes
$6,320
Listing Agency:
The Collective RE Agency
(908) 343-8059
Listed By:
Brooke S. Kerzner · License #RS296195
(908) 343-8059
Source:
Exprealty
Added: Jun 13
Changed: Aug 30
Last Checked: Aug 30 at 12:04PM
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 The Collective RE Agency
Investment Insights
Based on property information with market context.
This 1.50-acre commercial property in Upper Mount Bethel Township includes a 3,200-square-foot flex building with an open interior, hardwood flooring, four bathrooms, a kitchen area, and storage. Concrete-block construction, a steel truss roof, a loading dock, two 200-amp electrical panels, and three-phase power available at the pole support a range of operational requirements. The site also includes a detached three-story barn requiring rehabilitation, along with a fenced yard and paved parking for 20 vehicles.
Located at 2241 Ridge Rd in Bangor, PA, the property occupies a corner with access from both Johnsonville Road and Ridge Road and is minutes from I-80. Any change of use requires zoning approval through Upper Mount Bethel Township. The prior mill and daycare configurations provide context for the building’s adaptable layout, while buyers should complete their own due diligence regarding intended use.
Located at 2241 Ridge Rd in Bangor, PA, the property occupies a corner with access from both Johnsonville Road and Ridge Road and is minutes from I-80. Any change of use requires zoning approval through Upper Mount Bethel Township. The prior mill and daycare configurations provide context for the building’s adaptable layout, while buyers should complete their own due diligence regarding intended use.
Key Highlights
- 1.50‑acre commercial property in Upper Mount Bethel Township
- 3,200‑square‑foot flex building with open layout, four bathrooms, kitchen area, and storage
- Loading dock, two 200‑amp electrical panels, and three‑phase power available at the pole
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
$23,792
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
5.96%
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%
$475,840
$475.8K
Cap Rate 7%
$339,886
$339.9K
Cap Rate 9%
$264,356
$264.4K
Market Conditions
NOI Build-Up for 3,200 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
$36.9K $11.52/SF
− Vacancy
−$2.9K −$0.90/SF
EGI
$34.0K $10.62/SF
− OpEx
−$10.2K −$3.19/SF
NOI
$23.8K $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%
$475,840
Cap Rate 7%
$339,886
Cap Rate 9%
$264,356
Alternative Uses
Best Use
Industrial
$339.9K
$297.4K – $396.5K
NOI $23,792 @ 7.0% cap · market cap 5.96%
Second Best
Flex RnD
$319.8K
$279.8K – $373.1K
NOI $22,384 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$606.9K
$531.1K – $708.1K
NOI $42,486 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18013, PA
17,436
Population
7,401
Households
2.4
Avg Household Size
44
Median Age
24%
College-Educated
89%
High-School Grad
63.0 sq mi
ZIP Area
277
Density / Sq Mi
$76,116
Median Household Income
$37,107
Median Earnings
$1,088
Median Rent
$245,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Corner access, fenced yard, and paved parking support adaptable commercial use.
Where is this flex space located?
The property is located at 2241 Ridge Rd Bangor, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1.50‑acre commercial property in Upper Mount Bethel Township; 3,200‑square‑foot flex building with open layout, four bathrooms, kitchen area, and storage; Loading dock, two 200‑amp electrical panels, and three‑phase power available at the pole
