Two-Building Industrial
313 West Gordon Street, Allentown, PA 18102
For Sale
$1,900,000
The site comprises two buildings designated for industrial use.
Property Size32,000 SF
Price / SF$59.38
Days on Market38
Property Features for 313 West Gordon Street
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Laudone & Associates, Inc
Listed By:
Barbara B. Laudone
(610) 737-9017
Source:
Bhhspaulfordrealtors
Added: Oct 1
Changed: Nov 5
Last Checked: Nov 6 at 2:31PM
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 Laudone & Associates, Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The industrial property at 313 West Gordon Street consists of two buildings totaling 32,000 square feet. The buildings were constructed in 1930.
Key Highlights
- Two industrial buildings with a combined 32,000 square feet
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,023
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,880,460
$2.9M
Cap Rate 7%
$2,057,471
$2.1M
Cap Rate 9%
$1,600,256
$1.6M
Market Conditions
NOI Build-Up for 32,000 SF
Gross rent
$218.9K $6.84/SF
− Vacancy
−$13.1K −$0.41/SF
EGI
$205.7K $6.43/SF
− OpEx
−$61.7K −$1.93/SF
NOI
$144.0K $4.50/SF
Area
Allentown, PA
Vacancy
6.00%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,880,460
Cap Rate 7%
$2,057,471
Cap Rate 9%
$1,600,256
Alternative Uses
Best Use
Industrial
$2.06M
$1.80M – $2.40M
NOI $144,023 @ 7.0% cap · market cap 7.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.29M
$5.50M – $7.33M
NOI $440,064 @ 7.0% cap · market cap 23.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,385
Businesses Nearby
Explore this area
Business Placement
Demographics for 18102, PA
51,567
Population
18,788
Households
2.7
Avg Household Size
32
Median Age
11%
College-Educated
76%
High-School Grad
3.0 sq mi
ZIP Area
17,189
Density / Sq Mi
$40,681
Median Household Income
$29,501
Median Earnings
$1,224
Median Rent
$146,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Industrial properties in Allentown, PA
Properties on Market for Industrial properties in Allentown
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Industrial property - The site comprises two buildings designated for industrial use.
Where is this industrial property located?
The property is located at 313 West Gordon Street Allentown, PA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Two industrial buildings with a combined 32,000 square feet; Built in 1930
