Freestanding Retail
For Sale
$2,400,000
3750 Hamilton Boulevard, Allentown, PA 18103
Masonry commercial building with substantial parking and Highway Commercial zoning near I-78 access.
Property Size8,131 SF
Lot Size1.75 Acres
Days on Market338
Property Features for 3750 Hamilton Boulevard
General Information
Standard status
Active
Size
8,131 SF
Total Parking Spaces
105
Lot size
1.75 Acres
Property subtype
Retail
Zoning
HC Highway Commercial
Property Condition
Severity
Repairs Needed
Evidence
will require renovation
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$28,595
Building Details
Building Size
8,131 SF
Year Built
1982
Year Renovated
2015
Buildings
1
Construction
masonry
Listing Agency:
Keller Williams Allentown
(610) 435-1800
Listed By:
James J. Balliet · License #PA RS227612L
Source:
Bhhspaulfordrealtors
Added: Sep 21, 2025
Changed: Aug 21
Last Checked: Aug 23 at 9:17AM
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 freestanding masonry retail building was constructed in 1982 and renovated in 2015. The property occupies 1.75 acres and includes 105 parking spaces, providing a sizable commercial site for retail or other supported uses. The building will require renovation before occupancy or reuse.
Located on Hamilton Boulevard in South Whitehall Township, the property is a few blocks from the I-78 exits. HC Highway Commercial zoning supports uses including restaurant, bank, car wash, child care, fast food, veterinary, and retail operations.
Located on Hamilton Boulevard in South Whitehall Township, the property is a few blocks from the I-78 exits. HC Highway Commercial zoning supports uses including restaurant, bank, car wash, child care, fast food, veterinary, and retail operations.
Key Highlights
- 1.75‑acre freestanding commercial property
- 105 parking spaces on site
- Masonry building constructed in 1982
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
Retail
$1.43M
$1.25M – $1.67M
NOI $100,149 @ 7.0% cap · market cap 4.17%
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
736
Businesses Nearby
148k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Groceries 30%
Dining 22%
Wawa
Shops & Services
61,373 visits/mo
0.4 miles
Weis Markets
Groceries
40,500 visits/mo
0.3 miles
Wendy's
Dining
17,273 visits/mo
0.4 miles
Carrabba's Italian Grill
Dining
10,104 visits/mo
0.4 miles
Wells Fargo
Shops & Services
4,629 visits/mo
0.3 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?
Retail space - Masonry commercial building with substantial parking and Highway Commercial zoning near I-78 access.
Where is this retail space 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: 1.75‑acre freestanding commercial property; 105 parking spaces on site; Masonry building constructed in 1982
