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    2429 Nazareth Road Palmer Twp, PA 18045

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    Claim this Listing
    For Lease
    $20 SF/Yr

    COMMERCIAL - Palmer Twp, PA

    Type:Retail
    Lot size:
    16.19 Acres
    Added:
    Oct 15, 2024
    Days on Market:
    571
    Last Refresh:
    May 8 at 2:06 pm

    Property Features for 2429 Nazareth Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    L9 32 1A 0324
    Lot size
    16.19 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1968

    We can help!

    Listing Contact
    James J. Balliet
    James J. Balliet

    Listing agent James J. Balliet License #PA RS227612L

    Listing office Keller Williams Allentown 1605 N.CedarCrestBlvd, Ste309, Allentown, PA

    Listing date Oct 15, 2024

    MLS# 746982

    Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑visibility location at the intersection of Nazareth Road (Route 248) & US Route 22.
    • Located on a high‑traffic corridor with convenient access to Route 22, 33 & I‑78.
    • Join established national, regional, and local tenants such as Grocery Outlet, Flaming Crab Cajun Seafood, WingStop, Dollar Tree, and Petco.
    • Available spaces include a 3,900 SF dental office space and a 2,280 SF retail space.
    • 3,300 SF Restaurant Space available.
    • NNN Lease at $20 per square foot.

    Overview

    Dental Office Space Available

    A 3,900 square-foot dental office space is available at Suite 17 in the 25th St Shopping Plaza, located in Easton, PA. The property is part of a highly visible center situated at the intersection of Nazareth Road (Route 248) and US Route 22, offering convenient access to Routes 22, 33, and I-78. Other available spaces include a 2,280 square-foot retail space and a 3,300 square-foot restaurant space. The shopping center's tenant mix includes Grocery Outlet, Flaming Crab Cajun Seafood, WingStop, Adobo Latin Kitchen, Dollar Tree, Petco Pet Supplies, McDonald's, H&R Block, and Metro PCS, along with other national, regional, and local tenants. The property is located in Palmer Twp, PA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Adobo Latin Kitchen Restaurant Smokin' Joe's Tobacco ... (Bike/Boat/Book/etc) Store Ancient Inc. Tattoo & Piercing Shop Barberhouse & Co. Barber Shop fi.d.o (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palmer Twp
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.252093
    Latitude
    40.68974

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    FAQs

    What type of property is this?
    Retail space - 3,900 SF dental office space in 25th St Shopping Plaza.
    Where is this retail space located?
    The property is located at 2429 Nazareth Road Palmer Twp, PA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: High‑visibility location at the intersection of Nazareth Road (Route 248) & US Route 22.; Located on a high‑traffic corridor with convenient access to Route 22, 33 & I‑78.; Join established national, regional, and local tenants such as Grocery Outlet, Flaming Crab Cajun Seafood, WingStop, Dollar Tree, and Petco.
    (610) 435-1800
    We can help!
    Listing Contact
    James J. Balliet
    James J. Balliet
    Real Estate License ID: PA RS227612L
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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