Three-Level Medical Office
For Sale
$2,333,375
5250 Freemansburg Avenue, Easton, PA 18045
SINGLE_FAMILY - Bethlehem Twp, PA
Property Size13,905 SF
Lot Size1.34 Acres
Price / SF$167.81
Days on Market127
Property Features for 5250 Freemansburg Avenue
General Information
Property type
Residential
Property subtype
Office
Zoning
MDR
Parking
31
Parking features
Parking Lot
Elementary school district
Bethlehem
Middle school district
Bethlehem
High school district
Bethlehem
Directions
Route 22 to 33 South/ I-78 to Freemansburg Ave. Property will be on Left.
Subdivision
Bethlehem Twp.
Standard status
Active
APN
N7 14 7B-2 0205
Size
13,905 SF
Lot size
1.34 Acres
Taxes and HOA fees
Tax Annual Amount
35113
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Well
Building Details
Year built
2015
Listing Agency:
Keller Williams Allentown · Keller Williams Realty
(610) 435-1800
Listed By:
Ryan B. McGeehan · License #AB068951
(610) 435-1800
Added: Apr 2
Changed: Jun 3
Last Checked: Aug 6 at 3:06PM
MLS# 774317
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 three-level medical office building was constructed in 2015 and includes a ground-floor dental practice along with vacant lower and second levels. The second floor is offered in shell condition with approximately 4,400 square feet available. The lower level is vacant and includes a separate entrance, offering a workable layout for a range of professional or service-oriented uses.
The property is located on a corner at Freemansburg Avenue and Farmersville Road in Bethlehem Township. A traffic light has been proposed at this intersection, though exact construction dates are not yet known. The site includes 31 parking spaces and sits on approximately 1.34 acres, with elevator access noted for the building.
For an owner-occupant, the arrangement supports combining an operating ground-floor dental tenant with additional space that can be finished or repurposed. For investors, the property provides a long-term dental lease in place on the ground floor while keeping the lower level and second floor available for future occupancy or alternative uses. The property is zoned MDR.
The property is located on a corner at Freemansburg Avenue and Farmersville Road in Bethlehem Township. A traffic light has been proposed at this intersection, though exact construction dates are not yet known. The site includes 31 parking spaces and sits on approximately 1.34 acres, with elevator access noted for the building.
For an owner-occupant, the arrangement supports combining an operating ground-floor dental tenant with additional space that can be finished or repurposed. For investors, the property provides a long-term dental lease in place on the ground floor while keeping the lower level and second floor available for future occupancy or alternative uses. The property is zoned MDR.
Key Highlights
- 13,977 SF, 1.34‑acre three‑level building built in 2015 at the corner of Freemansburg Ave and Farmersville Rd (Bethlehem Township)
- Long‑term dental lease in place on the ground floor; lower level is vacant and second floor is in shell condition
- Second floor offers +/-4,400 SF shell space
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
$144,230
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
6.18%
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%
$2,884,600
$2.9M
Cap Rate 7%
$2,060,429
$2.1M
Cap Rate 9%
$1,602,556
$1.6M
Market Conditions
NOI Build-Up for 13,905 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
$208.6K $15.00/SF
− Vacancy
−$16.3K −$1.17/SF
EGI
$192.3K $13.83/SF
− OpEx
−$48.1K −$3.46/SF
NOI
$144.2K $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 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%
$2,884,600
Cap Rate 7%
$2,060,429
Cap Rate 9%
$1,602,556
Alternative Uses
Best Use
Office B
$2.06M
$1.80M – $2.40M
NOI $144,230 @ 7.0% cap · market cap 6.18%
Second Best
Healthcare Medical
$1.45M
$1.27M – $1.69M
NOI $101,538 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,614 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18045, PA
30,317
Population
12,250
Households
2.5
Avg Household Size
46
Median Age
44%
College-Educated
95%
High-School Grad
19.3 sq mi
ZIP Area
1,571
Density / Sq Mi
$109,068
Median Household Income
$57,146
Median Earnings
$1,802
Median Rent
$301,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Three-level building with ground-floor dental tenancy and vacant lower and second floors for flexible use.
Where is this medical office space located?
The property is located at 5250 Freemansburg Avenue Easton, PA.
What is the asking price?
The asking price for this property is $2,333,375.
What are key features of this property?
This property features: 13,977 SF, 1.34‑acre three‑level building built in 2015 at the corner of Freemansburg Ave and Farmersville Rd (Bethlehem Township); Long‑term dental lease in place on the ground floor; lower level is vacant and second floor is in shell condition; Second floor offers +/-4,400 SF shell space
