Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    4009 William Penn Highway Palmer Twp, PA 18045

    View on Map
    Claim this Listing
    For Lease
    $10 SF/Yr

    COMMERCIAL - Palmer Twp, PA

    Lot size:
    0.16 Acres
    Added:
    Mar 12, 2022
    Days on Market:
    1518
    Last Refresh:
    May 8 at 2:06 pm

    Property Features for 4009 William Penn Highway

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    M8NE4 3 9 0324
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Annual Amount
    44983

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1997
    Building materials
    Brick

    We can help!

    Listing Contact
    Ayon A. Codner
    Ayon A. Codner

    Listing agent Ayon A. Codner License #RS324477

    Listing office Keller Williams Allentown 1605 N.CedarCrestBlvd, Ste309, Allentown, PA

    Listing date Mar 12, 2022

    MLS# 689220

    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.

    HighLights

    • Convenient access to Route 33, I‑78, and Route 22.
    • +/- 6,754 SF of easily divisible second‑floor office space.
    • Elevator access and multiple ADA‑compliant restrooms.
    • Ample on‑site parking.
    • Located on heavily traveled William Penn Highway.
    • Clean and well‑maintained plaza.

    Overview

    Palmer Twp Office Space Available

    Available for lease is approximately 6,754 square feet of second-floor office space. The property features elevator access to the second floor and multiple ADA-compliant restrooms. Single-phase electricity is available. The existing space is easily divisible, and ample on-site parking is provided. The plaza is clean and well-maintained. Pylon signage is available. The property is located on William Penn Highway in Palmer Township (Easton), PA, offering convenient access to Route 33, I-78, and Route 22. Potential uses include a call center or yoga studio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmer Twp
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.270506
    Latitude
    40.676043

    Nearby Similar for Lease

    • $700/Mo

      Professional Office Space For Rent

      208 SF office space in Palmer Twp, PA.
      601 Stones Crossing Road, Palmer Twp, PA 18045
      View Details
    • $700/Mo

      Professional Office Space For Rent

      160 SF office space in Palmer Twp, PA.
      601 Stones Crossing Road, Palmer Twp, PA 18045
      View Details
    • $700/Mo

      Professional Office Space For Rent

      170 SF office space in Palmer Twp, PA.
      601 Stones Crossing Road, Palmer Twp, PA 18045
      View Details
    • $18 SF/Yr

      Easton, PA Retail/Office Space

      5,300 SF space suitable for medical, professional offices, retail.
      3143 William Penn Highway, Palmer Twp, PA 18045
      View Details
    • $24 SF/Yr

      Freestanding Retail Location with Mezzanine

      Retail space with high visibility and mezzanine near major routes.
      2501 William Penn Highway, Palmer Twp, PA 18045
      View Details
    • $22 SF/Yr

      Palmer Twp Retail/Office Spaces

      Retail and office spaces for lease in Easton, PA.
      2429 Nazareth Road, Palmer Twp, PA 18045
      View Details
    • $16 SF/Yr

      Palmer Twp Office Space Available

      Ground-level office space for lease in Palmer Township, PA.
      484 Stones Crossing Road, Palmer Twp, PA 18045
      View Details
    • $20 SF/Yr

      Dental Office Space Available

      3,900 SF dental office space in 25th St Shopping Plaza.
      2429 Nazareth Road, Palmer Twp, PA 18045
      View Details
    • $10 SF/Yr

      Restored Office Space For Rent

      Office space in restored historic farm buildings with ample parking.
      4013 William Penn Highway, Palmer Twp, PA 18045
      View Details
    • $12 SF/Yr

      Palmer Twp Medical/Office Space

      Second-floor office space with convenient access to major routes.
      1104 Van Buren Road, Palmer Twp, PA 18045
      View Details
    • $16 SF/Yr

      Office/Medical Suites For Lease

      Office and medical suites available for lease in Easton, PA.
      1108 Van Buren Road, Palmer Twp, PA 18045
      View Details
    • $16 SF/Yr

      Office/Retail Space on William Penn

      Office or retail space available for immediate lease in Palmer.
      4003 William Penn Highway, Palmer Twp, PA 18045
      View Details

    FAQs

    What type of property is this?
    Office units - Second-floor office space for lease with ample parking.
    Where is this office units located?
    The property is located at 4009 William Penn Highway Palmer Twp, PA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Convenient access to Route 33, I‑78, and Route 22.; +/- 6,754 SF of easily divisible second‑floor office space.; Elevator access and multiple ADA‑compliant restrooms.
    (610) 435-1800
    We can help!
    Listing Contact
    Ayon A. Codner
    Ayon A. Codner
    Real Estate License ID: RS324477
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    4009 William Penn Highway, Palmer Twp, PA 18045
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!