Building Details

Year Built 2004

Listing Agency: NZO Realty Show Phone

Listed By: Amy Roth

Source: Haven

Added: Oct 26 Changed: Oct 28 Last Checked: Oct 28 at 4:20PM

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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 NZO Realty

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Investment Insights

Based on property information with market context.

At 6271 Batman Road, this mixed-use property contains 14,217 square feet of interior space and was built in 2004. Its features include an indoor swimming pool, multiple gathering areas, garage capacity, and residential accommodations. The property is set in a rural area of Upper Milford Township and is zoned R-A-Rural Agricultural.

The combination of indoor and outdoor areas and residential space may support consideration of a range of adaptive-use concepts. Examples raised for the property include hospitality, educational, recreational, agricultural, and organizational uses. These are possibilities to investigate, not representations of permitted or approved uses; any intended use may require zoning approvals and other governmental clearances.

Key Highlights

• 14,217 square feet of interior space
• Indoor swimming pool
• R‑A‑Rural Agricultural zoning in Upper Milford Township

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$146,346

Cap Rate

5.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,926,920 $2.9M

Cap Rate 7%

$2,090,657 $2.1M

Cap Rate 9%

$1,626,067 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,217 SF

Gross rent

$255.9K $18.00/SF

− Vacancy

−$21.8K −$1.53/SF

EGI

$234.2K $16.47/SF

− OpEx

−$87.8K −$6.18/SF

NOI

$146.3K $10.29/SF

Area

Lehigh County, PA

Vacancy

8.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,926,920

Cap Rate 7%

$2,090,657

Cap Rate 9%

$1,626,067

Alternative Uses

Best Use

Mixed Use

$2.09M

$1.83M – $2.44M (±1% cap)

NOI $146,346 @ 7.0% cap · market cap 5.86%

Second Best

—

—

no second resolved use

Theoretical Best

—

—

same as Best Use

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

Property Analytics

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Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Building Supply Restaurant Big Box & Wholesale Store Auto Repair Shop (Bike/Boat/Book/etc) Store Skin Care Clinic

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

Location Intelligence

Trade Area within ½ mile

24

Businesses Nearby

Explore this area Business Placement

Demographics for 18092, PA

3,297

Population

1,249

Households

2.6

Avg Household Size

48

Median Age

28%

College-Educated

95%

High-School Grad

15.0 sq mi

ZIP Area

220

Density / Sq Mi

$110,417

Median Household Income

$53,575

Median Earnings

$1,282

Median Rent

$390,300

Median Home Value

Frequently Asked Questions

What type of property is this?

Mixed-use property - Rural acreage in Upper Milford Township includes extensive interior space, residential accommodations, and an indoor swimming pool.

Where is this mixed-use property located?

The property is located at 6271 Batman Road Zionsville, PA.

What is the asking price?

The asking price for this property is $2,499,000.

What are key features of this property?

This property features: 14,217 square feet of interior space; Indoor swimming pool; R‑A‑Rural Agricultural zoning in Upper Milford Township