Mixed-Use Property With
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402 W Moorestown Road, Nazareth, PA 18064
Freestanding mixed-use property with professional office space, an upper-level residential configuration, and paved on-site parking.
Property Size4,785 SF
Price / SF$83.57
Days on Market6
Property Features for 402 W Moorestown Road
General Information
Standard status
Active
Size
4,785 SF
Class
C
Property subtype
Mixed Use
Zoning
Village District
Investment Type
Owner/User
Building Details
Year Built
1950
Units
1
Listing Agency:
Serhant Real Estate
Listed By:
Sam Del Rosario · License #PA AB069329
Source:
Crexi
Added: Aug 9
Changed: Aug 13
Last Checked: Aug 13 at 3:03AM
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 Serhant Real Estate
Investment Insights
Based on property information with market context.
This freestanding mixed-use property provides approximately 4,785 square feet of reported total building area on approximately 0.88 acre. The main commercial level includes reception and waiting areas, private treatment or consultation rooms, an open rehabilitation or collaborative area, two restrooms, administrative space, and additional support areas. A detached three-car garage and paved on-site parking are also included. The upper level contains a three-bedroom residential configuration with an eat-in kitchen and full bathroom.
Positioned at the corner of W Moorestown Road and Clearfield Road in Bushkill Township, the property offers exposure along the Route 512 corridor with access to Route 33. It is zoned Village District and is vacant for immediate possession. The property was built in 1950 and was formerly used for chiropractic and rehabilitation services. Zoning, occupancy, parking, utilities, septic capacity, and municipal approvals should be independently verified for the intended use.
Positioned at the corner of W Moorestown Road and Clearfield Road in Bushkill Township, the property offers exposure along the Route 512 corridor with access to Route 33. It is zoned Village District and is vacant for immediate possession. The property was built in 1950 and was formerly used for chiropractic and rehabilitation services. Zoning, occupancy, parking, utilities, septic capacity, and municipal approvals should be independently verified for the intended use.
Key Highlights
- Approximately 4,785 square feet of reported total building area on approximately 0.88 acre
- Detached three‑car garage with paved on‑site parking
- Main level includes reception, private rooms, rehabilitation area, administrative space, and two restrooms
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
$34,941
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
8.74%
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%
$698,820
$698.8K
Cap Rate 7%
$499,157
$499.2K
Cap Rate 9%
$388,233
$388.2K
Market Conditions
NOI Build-Up for 4,785 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
$63.2K $13.20/SF
− Vacancy
−$4.9K −$1.03/SF
EGI
$58.2K $12.17/SF
− OpEx
−$23.3K −$4.87/SF
NOI
$34.9K $7.30/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
40.00%
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%
$698,820
Cap Rate 7%
$499,157
Cap Rate 9%
$388,233
Alternative Uses
Best Use
Office B
$709.0K
$620.4K – $827.2K
NOI $49,632 @ 7.0% cap · market cap 12.41%
Second Best
Mixed Use
$692.1K
$605.6K – $807.5K
NOI $48,448 @ 7.0% cap · market cap 12.12%
Theoretical Best
Office A
$907.6K
$794.1K – $1.06M
NOI $63,529 @ 7.0% cap · market cap 15.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 18064, PA
27,696
Population
10,659
Households
2.6
Avg Household Size
46
Median Age
38%
College-Educated
94%
High-School Grad
38.5 sq mi
ZIP Area
719
Density / Sq Mi
$102,857
Median Household Income
$58,471
Median Earnings
$1,235
Median Rent
$354,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Freestanding mixed-use property with professional office space, an upper-level residential configuration, and paved on-site parking.
Where is this mixed-use property located?
The property is located at 402 W Moorestown Road Nazareth, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Approximately 4,785 square feet of reported total building area on approximately 0.88 acre; Detached three‑car garage with paved on‑site parking; Main level includes reception, private rooms, rehabilitation area, administrative space, and two restrooms
