Freestanding Retail
New
For Sale
$469,900
418 Delaware Avenue, Palmerton, PA 18071
SINGLE_FAMILY - Palmerton Boro, PA
Property Size3,774 SF
Lot Size0.26 Acres
Price / SF$124.51
Days on Market3
Property Features for 418 Delaware Avenue
General Information
Property type
Residential
Property subtype
Retail
Parking
8
Parking features
Parking Lot
Elementary school district
Palmerton
Middle school district
Palmerton
High school district
Palmerton
Directions
From 248 Take the Palmerton exit, Continue onto Delaware Ave, Property is down the street four blocks and on the right.
Subdivision
Palmerton
Standard status
Active
APN
42A-48-E6
Size
3,774 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Annual Amount
5940
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Building materials
Brick
Roof type
Flat
Listing Agency:
Keller Williams Real Estate · Keller Williams Realty
(610) 826-8100
Listed By:
Jim Christman
(610) 349-6851
Added: Aug 7
Last Checked: Aug 9 at 6:06PM
MLS# 782108
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 brick storefront contains approximately 3,774 square feet on a 0.26-acre lot. The primary area is arranged as an open retail and showroom floor, complemented by a private office, storage area, utility room, and separate men’s and women’s restrooms. Large front display windows face Delaware Avenue, while a rear loading dock and rear access support deliveries and day-to-day operations. On-site parking is provided through a dedicated parking lot.
The property is positioned just off Route 248 and near downtown Palmerton Boro, with connections to surrounding communities. Building systems include electric heat, central air, public water, and public sewer. The flat roof was replaced in 2022. Inventory is excluded from the sale.
The property is positioned just off Route 248 and near downtown Palmerton Boro, with connections to surrounding communities. Building systems include electric heat, central air, public water, and public sewer. The flat roof was replaced in 2022. Inventory is excluded from the sale.
Key Highlights
- Approximately 3,774 square feet on 0.26 acres
- Open retail/showroom area with private office, storage, utility room, and two restrooms
- Rear loading dock with convenient rear access
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
$20,488
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
4.36%
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%
$409,760
$409.8K
Cap Rate 7%
$292,686
$292.7K
Cap Rate 9%
$227,644
$227.6K
Market Conditions
NOI Build-Up for 3,774 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
$29.4K $7.80/SF
− Vacancy
−$2.1K −$0.56/SF
EGI
$27.3K $7.24/SF
− OpEx
−$6.8K −$1.81/SF
NOI
$20.5K $5.43/SF
Area
Carbon County, PA
Vacancy
7.20%
Lease Rate
$7.80 /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%
$409,760
Cap Rate 7%
$292,686
Cap Rate 9%
$227,644
Alternative Uses
Best Use
Retail
$664.1K
$581.1K – $774.7K
NOI $46,484 @ 7.0% cap · market cap 9.89%
Second Best
Office B
$292.7K
$256.1K – $341.5K
NOI $20,488 @ 7.0% cap · market cap 4.36%
Theoretical Best
Specialty Retail
$741.4K
$648.8K – $865.0K
NOI $51,900 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18071, PA
10,688
Population
5,082
Households
2.1
Avg Household Size
45
Median Age
16%
College-Educated
89%
High-School Grad
31.1 sq mi
ZIP Area
344
Density / Sq Mi
$70,996
Median Household Income
$43,479
Median Earnings
$949
Median Rent
$195,200
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?
Storefront property - Open showroom layout with office, storage, restrooms, rear loading dock, and parking.
Where is this storefront property located?
The property is located at 418 Delaware Avenue Palmerton, PA.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Approximately 3,774 square feet on 0.26 acres; Open retail/showroom area with private office, storage, utility room, and two restrooms; Rear loading dock with convenient rear access
