Medical Office Building with Available
For Sale
Contact for pricing
2900 Hamilton Blvd, Allentown, PA 18104
Occupied by dental and engineering users, with lower-level space available for use or lease.
Property Size6,900 SF
Price / SF$246.38
Days on Market315
Property Features for 2900 Hamilton Blvd
General Information
Standard status
Active
Size
6,900 SF
Property subtype
OFFICE
Additional Details
Road Access
Yes
Building Details
Buildings
1
Building Size
6,900 SF
Tenancy
Multi
Listing Agency:
James Balliet Property Group
(610) 435-1800
Listed By:
Yousef Alhaddad
(484) 725-9709
Source:
Moodyscre
Added: Nov 6, 2025
Changed: Sep 8
Last Checked: Sep 16 at 7:13PM
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 James Balliet Property Group
Investment Insights
Based on property information with market context.
This 6,900-square-foot medical office building at 2900 Hamilton Boulevard is occupied by a dental operator and a regional engineering firm. The lower level includes 1,500 square feet available for use or lease, providing additional flexibility within the existing building configuration.
The property is positioned on an island parcel along Hamilton Boulevard with shared ingress and egress with Wells Fargo Bank. It is located less than one mile from Lehigh Valley Hospital-Cedar Crest and directly across from Cedar Crest College. Muhlenberg College, Dorney Park, and PPL Center are also identified in the surrounding area.
The property is positioned on an island parcel along Hamilton Boulevard with shared ingress and egress with Wells Fargo Bank. It is located less than one mile from Lehigh Valley Hospital-Cedar Crest and directly across from Cedar Crest College. Muhlenberg College, Dorney Park, and PPL Center are also identified in the surrounding area.
Key Highlights
- 6,900‑square‑foot medical office building
- Occupied by a dental operator and regional engineering firm
- 1,500 square feet available on the lower level
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
$60,386
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
3.55%
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%
$1,207,720
$1.2M
Cap Rate 7%
$862,657
$862.7K
Cap Rate 9%
$670,956
$671.0K
Market Conditions
NOI Build-Up for 6,900 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
$107.6K $15.60/SF
− Vacancy
−$7.0K −$1.01/SF
EGI
$100.6K $14.59/SF
− OpEx
−$40.3K −$5.83/SF
NOI
$60.4K $8.75/SF
Area
Allentown, PA
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
40.00%
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%
$1,207,720
Cap Rate 7%
$862,657
Cap Rate 9%
$670,956
Alternative Uses
Best Use
Healthcare Medical
$862.7K
$754.8K – $1.01M
NOI $60,386 @ 7.0% cap · market cap 3.55%
Second Best
Office B
$535.1K
$468.2K – $624.3K
NOI $37,459 @ 7.0% cap · market cap 2.20%
Theoretical Best
Specialty Retail
$1.36M
$1.19M – $1.58M
NOI $94,889 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18104, PA
47,289
Population
18,686
Households
2.5
Avg Household Size
42
Median Age
45%
College-Educated
93%
High-School Grad
23.0 sq mi
ZIP Area
2,056
Density / Sq Mi
$94,279
Median Household Income
$48,585
Median Earnings
$1,620
Median Rent
$296,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Occupied by dental and engineering users, with lower-level space available for use or lease.
Where is this medical office space located?
The property is located at 2900 Hamilton Blvd Allentown, PA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 6,900‑square‑foot medical office building; Occupied by a dental operator and regional engineering firm; 1,500 square feet available on the lower level
