Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    31 Commerce Way, Unit 500 Bethlehem, PA 18017

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,100 /Mo ($3 SF/Yr)

    Affordable office space in a desirable corporate park location.

    Property size:
    3,500 SF
    Lot size:
    3,500 SF

    Property Features for 31 Commerce Way

    General Information

    Standard status
    Active
    Size
    3,500 SF

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Rebecca Stocker
    Source: Corcoran

    Listing Agency: BHHS PAUL FORD EASTON Listing Agent: Rebecca Stocker

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Desirable Corporate Park Office Space

    This first-floor suite, located in a desirable corporate park, offers spacious, separate offices suitable for various uses, including business, professional, or medical consulting, counseling, education, and training. The suite includes a kitchen area and a private bathroom. The property benefits from a corner lot location, providing easy access and visibility, and features ample parking. Tenant is responsible for gas, electric, phone, and internet expenses. The location provides convenient access to major highways.
    Location Intelligence

    Current Use by Public Records

    Allentown Women's Center Women'S Health Clinic Aidsnet Social Service Agency Roizin John D ... Physician Dr. Eric Schaff Pediatrician CJS FACILITY SUPPORT ... Commercial Cleaning Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethlehem
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.375399
    Latitude
    40.67246

    Nearby Similar for Lease

    • $1,200 /Mo
      7,492 SF

      Updated Office Space For Rent

      Professional office space available in updated building, utilities included.
      1502 Center St, Bethlehem, PA 18018
      View Details
    • $7,200 /Mo
      12,458 SF

      Unique Commercial Property in Bethlehem

      Versatile commercial property with development potential in North Bethlehem.
      431 W Union Blvd, Bethlehem, PA 18018
      View Details
    • New
      $9 SF/Yr
      108,464 SF

      Bethlehem City Commercial Space Available

      Flex/industrial space near LVIA Airport and Route 22.
      2285 Avenue A, Bethlehem, PA 18017
      View Details
    • $1,100 /Mo

      Bethlehem City Office Space

      Affordable office space in desirable corporate park with ample parking.
      31 Commerce Way, Bethlehem, PA 18017
      View Details
    • $1,900 /Mo
      4,312 SF

      Bethlehem City Office/Retail Space

      Prime corner location with high visibility and convenient access.
      602 W Broad St, Bethlehem, PA 18018
      View Details
    • $2,500 /Mo

      Adaptable Commercial Space on 4th

      Flexible commercial space near Lehigh University, ready for transformation.
      429 E 4Th St, Bethlehem, PA 18015
      View Details
    • $2,750 /Mo
      11,021 SF

      Bethlehem City Commercial Space For Rent

      High-visibility commercial space on Stefko Boulevard, ready for customization.
      2115 Stefko Blvd, Bethlehem, PA 18017
      View Details
    • $1,950 /Mo

      Bethlehem Twp Office Space Available

      Renovated office space in prime Bethlehem Township location for rent.
      3348 Easton Ave, Bethlehem, PA 18020
      View Details
    • New
      $20 SF/Yr

      Fountain Hill Office/Flex Spaces

      Versatile office/flex spaces in a vibrant, mixed-use warehouse.
      502 S Clewell St, Bethlehem, PA 18015
      View Details
    • $1,250 /Mo

      Downtown Bethlehem Office Space

      Office space for rent in the heart of Bethlehem City.
      940 N New St, Bethlehem, PA 18018
      View Details
    • $28 SF/Yr

      Bethlehem Retail/Office/Restaurant Space Available

      Excellent renovated space in Bethlehem's Southside Arts District.
      30 E 3Rd St, Bethlehem, PA 18015
      View Details
    • $28 SF/Yr
      152,852 SF

      Bethlehem Retail Space For Rent

      Retail space available in Shoppers Village Shopping Center.
      2434 Catasauqua Rd, Bethlehem, PA 18018
      View Details

    FAQs

    What type of property is this?
    Office units - Affordable office space in a desirable corporate park location.
    Where is this office units located?
    The property is located at 31 Commerce Way, Unit 500 Bethlehem, PA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: - Affordable rent in a desirable corporate park.; - Convenient location with easy access to major highways.; - Ample parking available.
    (610) 253-6123
    Request Owner's contact information
    31 Commerce Way, Unit 500 Bethlehem, PA 18017
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    31 Commerce Way, Unit 500
    Bethlehem, PA 18017
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    31 Commerce Way, Unit 500 Bethlehem, PA 18017
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rebecca Stocker
    (610) 253-6123 (610) 248-6223
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!