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    Fifth-Floor Office Suite in Flatiron Building Title is generated by Realmo AI

    5th-floor-301 Broadway, Bethlehem, PA 18015

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    For Lease
    $25 SF/Yr $14,583/Mo (calc)

    Modern fifth-floor office with 16-foot ceilings, open layout, and LEED Gold certification in an iconic Flatiron setting.

    Property size:
    7,000 SF
    Added:
    May 15, 2026
    Days on Market:
    22
    Last Refresh:
    Jun 5 at 2:28 am

    Property Features for 5th-floor-301 Broadway

    General Information

    Standard status
    Active
    Size
    7,000 SF

    We can help!

    Listing Contact
    John F. Wargo

    Listing agent John F. Wargo

    Listing office Realty One Group Supreme

    Listing date May 15, 2026

    Source Exprealty

    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 Realty One Group Supreme

    HighLights

    • Approximately 7,000 SF fifth‑floor office space in Bethlehem’s Flatiron Building
    • 16‑foot ceilings with an entirely open‑concept layout and no vertical columns
    • Includes multiple conference rooms and private phone/call booths
    • Large full‑service kitchen/breakroom plus expansive collaborative work areas and abundant natural light
    • LEED Gold certified office space
    • Lease rate $25/SF gross with utilities generally included; owner‑occupied by Stone House Group and ownership indicates willingness to relocate for the right tenant

    Overview

    Fifth-floor office suite within Bethlehem’s iconic Flatiron Building, offered for lease as an approximately 7,000 SF space. The layout is entirely open-concept with no vertical columns, supported by dramatic 16-foot ceilings and abundant natural light. The workspace includes expansive collaborative areas, multiple conference rooms, and private phone/call booths to support both team work and focused conversations. A large, full-service kitchen/breakroom is also included, designed for everyday office use and hosting.

    The suite is located in SouthSide Bethlehem’s redevelopment corridor near restaurants, retail, Lehigh University, and major transportation routes. The building setting offers an architectural character that supports a headquarters-style environment. The ownership has indicated willingness to relocate within the building for the right tenant, and additional expansion opportunities may be available within the building.

    This space is well suited for organizations seeking a modern, flexible office configuration with dedicated meeting and communication components already built in. Lease terms are structured at $25/SF gross, with utilities generally included, which can simplify budgeting for day-to-day operations. The suite is currently owner-occupied by Stone House Group and is available as presented for the appropriate tenant seeking a flagship office presence in the Flatiron Building.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethlehem
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.375052
    Latitude
    40.609535

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    FAQs

    What type of property is this?
    Office building - Modern fifth-floor office with 16-foot ceilings, open layout, and LEED Gold certification in an iconic Flatiron setting.
    Where is this office building located?
    The property is located at 5th-floor-301 Broadway Bethlehem, PA.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Approximately 7,000 SF fifth‑floor office space in Bethlehem’s Flatiron Building; 16‑foot ceilings with an entirely open‑concept layout and no vertical columns; Includes multiple conference rooms and private phone/call booths
    (610) 751-3383
    We can help!
    Listing Contact
    John F. Wargo
    Learn More
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    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.

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