Mixed-Use Building with
For Sale
$675,000
67 Park Ave, Wind Gap, PA 18091
Commercial space includes display fixtures, a modern kitchen, and an upstairs leased apartment.
Property Size2,482 SF
Price / SF$271.96
Days on Market13
Property Features for 67 Park Ave
General Information
Standard status
Active
Size
2,482 SF
Total Parking Spaces
12
Restaurant
Commercial Hood
Yes
Grease Trap
No
Additional Details
Road Access
Yes
Amenities
welcoming display area
coolers
display cases
checkout counter
fully modern kitchen
hood vent
walk-in refrigerator
walk-in freezer
Building Details
Year Built
1960
Buildings
1
Tenancy
Multi
Listing Agency:
Home Team Real Estate
(610) 216-9488
Listed By:
Jason R. Kocsis
Source:
Jennysoldmine
Added: Aug 18
Changed: Aug 30
Last Checked: Aug 30 at 8:42PM
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 Home Team Real Estate
Investment Insights
Based on property information with market context.
Built in 1960, this mixed-use property combines a 1,900 SF commercial level with a 750 SF one-bedroom apartment above. The commercial space retains a retail-oriented layout with a customer display area, coolers, display cases, and a checkout counter. Its kitchen includes a hood vent, walk-in refrigerator, and walk-in freezer; restaurant use would require installation of a grease trap.
The property is located on Route 512 at 67 Park Ave in Wind Gap Boro, PA. Off-street parking accommodates approximately 12 vehicles. The upper apartment is leased under a one-year term, with the tenant paying electric while water, sewer, and trash remain the owner's responsibility.
The property is located on Route 512 at 67 Park Ave in Wind Gap Boro, PA. Off-street parking accommodates approximately 12 vehicles. The upper apartment is leased under a one-year term, with the tenant paying electric while water, sewer, and trash remain the owner's responsibility.
Key Highlights
- 1,900 SF commercial space with display area, coolers, display cases, and checkout counter
- 750 SF upstairs one‑bedroom apartment leased on a one‑year term
- Kitchen includes hood vent, walk‑in refrigerator, and walk‑in freezer
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
$25,745
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
3.81%
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%
$514,900
$514.9K
Cap Rate 7%
$367,786
$367.8K
Cap Rate 9%
$286,056
$286.1K
Market Conditions
NOI Build-Up for 2,482 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
$37.2K $15.00/SF
− Vacancy
−$2.9K −$1.17/SF
EGI
$34.3K $13.83/SF
− OpEx
−$8.6K −$3.46/SF
NOI
$25.7K $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%
$514,900
Cap Rate 7%
$367,786
Cap Rate 9%
$286,056
Alternative Uses
Best Use
Specialty Retail
$367.8K
$321.8K – $429.1K
NOI $25,745 @ 7.0% cap · market cap 3.81%
Second Best
Mixed Use
$359.0K
$314.1K – $418.8K
NOI $25,130 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$470.8K
$411.9K – $549.2K
NOI $32,953 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
5,277 visits/mo
0.3 miles
Demographics for 18091, PA
5,767
Population
2,585
Households
2.2
Avg Household Size
46
Median Age
28%
College-Educated
92%
High-School Grad
14.8 sq mi
ZIP Area
390
Density / Sq Mi
$78,042
Median Household Income
$45,855
Median Earnings
$1,290
Median Rent
$249,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space includes display fixtures, a modern kitchen, and an upstairs leased apartment.
Where is this mixed-use property located?
The property is located at 67 Park Ave Wind Gap, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1,900 SF commercial space with display area, coolers, display cases, and checkout counter; 750 SF upstairs one‑bedroom apartment leased on a one‑year term; Kitchen includes hood vent, walk‑in refrigerator, and walk‑in freezer
