Six-Bay Automotive Service
New
For Sale
$950,000
708 18th Street, Allentown, PA 18104
CommercialSale, Allentown City, PA
Property Size4,500 SF
Lot Size0.33 Acres
Price / SF$211.11
Days on Market3
Property Features for 708 18th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-3
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
From Route 22, take the 15th Street exit and head south on N 15th Street. Turn right onto W Tilghman Street, then left onto N 18th Street. Property is located at 708 N 18th Street.
Subdivision
Allentown-West
Standard status
Active
APN
549731354522-1
Size
4,500 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Annual Amount
10915
Utilities
Cooling system
Wall Unit(s)
Building Details
Year built
1948
Listing Agency:
Howard Hanna TheFrederickGroup
(610) 398-0411
Listed By:
Jared A. Sawka
(267) 761-8355
Added: Aug 26
Last Checked: Aug 28 at 4:06PM
MLS# 782647
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 automotive service property includes approximately 4,500 square feet of building area arranged around six service bays. Nearly all existing equipment is included, providing a built-out operating environment for an automotive business. The property was constructed in 1948 and has wall-unit cooling.
The site encompasses 0.331 acres in Allentown City, Pennsylvania, within Lehigh County. B-3 zoning is identified for the property. The offering combines the automotive facility with most of its existing equipment, subject to confirmation of the specific items included in the sale.
The site encompasses 0.331 acres in Allentown City, Pennsylvania, within Lehigh County. B-3 zoning is identified for the property. The offering combines the automotive facility with most of its existing equipment, subject to confirmation of the specific items included in the sale.
Key Highlights
- Approximately 4,500 square feet of automotive service space
- Six service bays support an established shop configuration
- Nearly all existing equipment is included with the sale
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
$55,426
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
5.83%
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%
$1,108,520
$1.1M
Cap Rate 7%
$791,800
$791.8K
Cap Rate 9%
$615,844
$615.8K
Market Conditions
NOI Build-Up for 4,500 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
$83.7K $18.60/SF
− Vacancy
−$4.5K −$1.00/SF
EGI
$79.2K $17.60/SF
− OpEx
−$23.8K −$5.28/SF
NOI
$55.4K $12.32/SF
Area
Allentown, PA
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,108,520
Cap Rate 7%
$791,800
Cap Rate 9%
$615,844
Alternative Uses
Best Use
Retail
$791.8K
$692.8K – $923.8K
NOI $55,426 @ 7.0% cap · market cap 5.83%
Second Best
Industrial
$289.3K
$253.2K – $337.6K
NOI $20,253 @ 7.0% cap · market cap 2.13%
Theoretical Best
Specialty Retail
$884.1K
$773.6K – $1.03M
NOI $61,884 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Service bays
Location Intelligence
Trade Area within ½ mile
1,739
Businesses Nearby
156k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 41%
Groceries 5%
Electronics 3%
McDonald's
Dining
29,623 visits/mo
0.5 miles
Turkey Hill Minit Market
Shops & Services
19,118 visits/mo
0.4 miles
Burger King
Dining
14,384 visits/mo
0.1 miles
Dunkin' Donuts
Dining
12,437 visits/mo
0.5 miles
Dollar General
Shops & Services
12,245 visits/mo
0.1 miles
Demographics for 18104, PA
47,289
Population
18,686
Households
2.5
Avg Household Size
42
Median Age
45%
College-Educated
93%
High-School Grad
23.0 sq mi
ZIP Area
2,056
Density / Sq Mi
$94,279
Median Household Income
$48,585
Median Earnings
$1,620
Median Rent
$296,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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- Dreisbach's Automotive Sales and Service — 614 N 18th St, Allentown, PA 18104
Frequently Asked Questions
What type of property is this?
Auto shop - B-3-zoned property with existing shop equipment and wall-unit cooling in Allentown City.
Where is this auto shop located?
The property is located at 708 18th Street Allentown, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Approximately 4,500 square feet of automotive service space; Six service bays support an established shop configuration; Nearly all existing equipment is included with the sale
