Freestanding Retail Building on 1.75
For Sale
$2,400,000
3750 Hamilton Blvd, Allentown, PA 18103
Freestanding retail building on 1.75 acres with ample parking.
Property Size8,131 SF
Price / SF$295.17
Days on Market337
Property Features for 3750 Hamilton Blvd
General Information
Standard status
Active
Size
8,131 SF
Taxes and HOA fees
Annual Taxes
$28,595
Listing Agency:
Keller Williams Allentown
(610) 972-6808
Listed By:
James J. Balliet · License #PA RS227612L
(610) 972-6808
Source:
Exprealty
Added: Sep 22, 2025
Changed: Aug 23
Last Checked: Aug 22 at 7:39AM
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 Keller Williams Allentown
Investment Insights
Based on property information with market context.
This is a versatile masonry building constructed in 1982, with renovations completed in 2015. The freestanding structure is situated on a 1.75-acre lot and includes 105 parking spaces. The property is conveniently located a few blocks from the I-78 exits and is zoned HC-Highway Commercial. The 8,131 square foot property's zoning allows for various uses, including restaurants, banks, car washes, child care facilities, fast food establishments, veterinary clinics, and general retail. The property will require renovation.
Key Highlights
- 1.75 acre lot with 105 parking spaces
- HC‑Highway Commercial zoning allows for diverse uses (restaurant, bank, car wash, etc.)
- Conveniently located near I‑78 exits
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
$100,149
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
4.17%
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%
$2,002,980
$2.0M
Cap Rate 7%
$1,430,700
$1.4M
Cap Rate 9%
$1,112,767
$1.1M
Market Conditions
NOI Build-Up for 8,131 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
$151.2K $18.60/SF
− Vacancy
−$8.2K −$1.00/SF
EGI
$143.1K $17.60/SF
− OpEx
−$42.9K −$5.28/SF
NOI
$100.1K $12.32/SF
Area
Allentown, PA
Vacancy
5.40%
Lease Rate
$18.60 /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%
$2,002,980
Cap Rate 7%
$1,430,700
Cap Rate 9%
$1,112,767
Alternative Uses
Best Use
Retail
$1.43M
$1.25M – $1.67M
NOI $100,149 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.60M
$1.40M – $1.86M
NOI $111,818 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 19%
Hotels & Casinos 14%
Apparel 4%
McDonald's
Dining
19,942 visits/mo
0.0 miles
Speedway
Shops & Services
5,881 visits/mo
0.0 miles
Four Points by Sheraton Allentown Lehigh Valley
Hotels & Casinos
2,599 visits/mo
0.2 miles
Holiday Inn Express & Suites Allentown Cen - Dorneyville
Hotels & Casinos
1,615 visits/mo
0.3 miles
Talbots
Apparel
1,108 visits/mo
0.2 miles
Demographics for 18103, PA
48,358
Population
19,769
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
17.2 sq mi
ZIP Area
2,812
Density / Sq Mi
$72,545
Median Household Income
$38,377
Median Earnings
$1,333
Median Rent
$242,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail building on 1.75 acres with ample parking.
Where is this retail space located?
The property is located at 3750 Hamilton Blvd Allentown, PA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 1.75 acre lot with **105 parking spaces**; HC‑Highway Commercial zoning allows for diverse uses (restaurant, bank, car wash, etc.); Conveniently located near I‑78 exits
