Freestanding Restaurant
For Sale
$2,400,000
3750 Hamilton Boulevard, Allentown, PA 18103
SINGLE_FAMILY - South Whitehall Twp, PA
Property Size8,131 SF
Lot Size1.75 Acres
Price / SF$295.17
Days on Market326
Property Features for 3750 Hamilton Boulevard
General Information
Property type
Residential
Property subtype
Retail
Zoning
HC
Parking
105
Elementary school district
Parkland
Middle school district
Parkland
High school district
Parkland
Directions
Route 22 to Route 309; exit on Route 222/Hamilton Blvd. Go left; property will be on right.
Subdivision
South Whitehall
Standard status
Active
APN
548640508252 001
Size
8,131 SF
Lot size
1.75 Acres
Taxes and HOA fees
Tax Annual Amount
28595
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1982
Building materials
Masonry
Listing Agency:
Keller Williams Allentown · Keller Williams Realty
(610) 435-1800
Listed By:
James J. Balliet · License #PA RS227612L
(610) 972-6808
Added: Sep 21, 2025
Changed: Aug 10
Last Checked: Aug 12 at 7:06PM
MLS# 765152
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.
Investment Insights
Based on property information with market context.
This freestanding masonry restaurant building was constructed in 1982 and renovated in 2015. The property contains 8,131 square feet on a 1.746-acre site, with 105 parking spaces. Central air, natural gas heating, public water, and public sewer are in place. Renovation will be required.
Located at 3750 Hamilton Boulevard in South Whitehall Township, the property is a few blocks from the I-78 exits. HC Highway Commercial zoning supports restaurant use along with bank, car wash, child care, fast food, veterinary, and retail operations by right in the applicable township district.
Located at 3750 Hamilton Boulevard in South Whitehall Township, the property is a few blocks from the I-78 exits. HC Highway Commercial zoning supports restaurant use along with bank, car wash, child care, fast food, veterinary, and retail operations by right in the applicable township district.
Key Highlights
- 8,131‑square‑foot freestanding masonry building
- 1.746‑acre site with 105 parking spaces
- Constructed in 1982 and renovated in 2015
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
$111,818
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
4.66%
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%
$2,236,360
$2.2M
Cap Rate 7%
$1,597,400
$1.6M
Cap Rate 9%
$1,242,422
$1.2M
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
$156.1K $19.20/SF
− Vacancy
−$7.0K −$0.86/SF
EGI
$149.1K $18.34/SF
− OpEx
−$37.3K −$4.58/SF
NOI
$111.8K $13.75/SF
Area
Allentown, PA
Vacancy
4.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$2,236,360
Cap Rate 7%
$1,597,400
Cap Rate 9%
$1,242,422
Alternative Uses
Best Use
Specialty Retail
$1.60M
$1.40M – $1.86M
NOI $111,818 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
797
Businesses Nearby
45k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 90%
Shops & Services 10%
Weis Markets
Groceries
40,500 visits/mo
0.5 miles
Wells Fargo
Shops & Services
4,629 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Masonry restaurant property with highway commercial zoning and public utilities.
Where is this conventional restaurant located?
The property is located at 3750 Hamilton Boulevard 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: 8,131‑square‑foot freestanding masonry building; 1.746‑acre site with 105 parking spaces; Constructed in 1982 and renovated in 2015
