Building Details

Buildings 1

Construction 2x6 construction

Listing Agency: RE/MAX Real Estate J***@lehighvalleyhomes.com Show Phone

Listed By: Creighton Faust Show Phone

Source: Exprealty

Added: Sep 29 Changed: Oct 21 Last Checked: Oct 21 at 2:07AM

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Investment Insights

Based on property information with market context.

At 514 Delaware Avenue, this 1,665-square-foot medical office is arranged with a reception area, four private exam rooms, two offices, a kitchen, a storage room, and two restrooms. The building features 2×6 construction, LED lighting installed approximately three years ago, and a recently paved parking lot.

The property sits among professional offices in Fountain Hill, near St. Luke’s Hospital and major roadways. Its placement back from the property line may leave room for a future addition, subject to borough approvals. Buyers should verify intended use and expansion plans with the borough.

Key Highlights

• 1,665‑square‑foot medical office property
• Four private exam rooms, reception area, two offices, kitchen, storage room, and two restrooms
• LED lighting installed approximately three years ago

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,270

Cap Rate

2.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$345,400 $345.4K

Cap Rate 7%

$246,714 $246.7K

Cap Rate 9%

$191,889 $191.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,665 SF

Gross rent

$25.0K $15.00/SF

− Vacancy

−$1.9K −$1.17/SF

EGI

$23.0K $13.83/SF

− OpEx

−$5.8K −$3.46/SF

NOI

$17.3K $10.37/SF

Area

Northampton County, PA

Vacancy

7.80%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$345,400

Cap Rate 7%

$246,714

Cap Rate 9%

$191,889

Alternative Uses

Best Use

Office B

$246.7K

$215.9K – $287.8K (±1% cap)

NOI $17,270 @ 7.0% cap · market cap 2.93%

Second Best

Healthcare Medical

$173.7K

$152.0K – $202.6K (±1% cap)

NOI $12,158 @ 7.0% cap · market cap 2.06%

Theoretical Best

Office A

$315.8K

$276.3K – $368.4K (±1% cap)

NOI $22,106 @ 7.0% cap · market cap 3.75%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Auto Parts Store Veterinary Clinic Travel Agency Carpet & Flooring Store Home Appliance Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

Location Intelligence

Trade Area within ½ mile

1,693

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 18015, PA

33,286

Population

12,867

Households

2.6

Avg Household Size

32

Median Age

31%

College-Educated

87%

High-School Grad

23.2 sq mi

ZIP Area

1,435

Density / Sq Mi

$58,470

Median Household Income

$32,703

Median Earnings

$1,310

Median Rent

$243,100

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Medical Office Space - A flexible professional layout includes private treatment rooms, administrative offices, a kitchen, storage, and two restrooms.

Where is this medical office space located?

The property is located at 514 Delaware Ave Fountain Hill, PA.

What is the asking price?

The asking price for this property is $589,900.

What are key features of this property?

This property features: 1,665‑square‑foot medical office property; Four private exam rooms, reception area, two offices, kitchen, storage room, and two restrooms; LED lighting installed approximately three years ago