Allentown Industrial/Mfg
For Sale
$2,190,000
737 N 13th Street & 1231 W Green Street, Allentown, PA 18102
42,000 SF industrial property in Allentown, PA for sale.
Property Size39,145 SF
Price / SF$52.14
Days on Market159
Property Features for 737 N 13th Street & 1231 W Green Street
General Information
Standard status
Active
Size
39,145 SF
Property subtype
Industrial
Building Details
Building Size
39,145 SF
Year Built
1930
Listing Agency:
SVN | Imperial Realty
(610) 217-1749
Listed By:
Amy Hawley, SIOR · License #PA #AB045309A
(610) 217-1749
Source:
Svn
Added: Mar 6
Changed: Aug 8
Last Checked: Apr 6 at 12:18AM
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 SVN | Imperial Realty
Investment Insights
Based on property information with market context.
This 42,000 SF industrial and manufacturing property is located in Allentown, PA. Originally constructed in 1930 and renovated in 2004, the property is zoned Business-Light Industrial. It is situated in an urban area with surrounding commercial, industrial, and residential properties. The property is located within 2 miles of the 15th St. exit of Route 22, and within 6 miles of the ABE Regional Airport, and within 20 miles of the NJ State Line. It features a food-grade production facility, liquid storage tanks, and a reactivatable refrigeration room. The property is located along a public bus route with a stop at the corner, providing accessibility for employees and visitors. This property is suited for operations in the growing Lehigh Valley area and offers potential for a wide array of industrial enterprises.
Key Highlights
- Food‑grade production facility suitable for specialized manufacturing.
- Zoned Business‑Light Industrial, ideal for various industrial operations.
- Convenient location along a public bus route with a stop at the corner.
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
$189,030
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
8.63%
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%
$3,780,600
$3.8M
Cap Rate 7%
$2,700,429
$2.7M
Cap Rate 9%
$2,100,333
$2.1M
Market Conditions
NOI Build-Up for 42,000 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
$287.3K $6.84/SF
− Vacancy
−$17.2K −$0.41/SF
EGI
$270.0K $6.43/SF
− OpEx
−$81.0K −$1.93/SF
NOI
$189.0K $4.50/SF
Area
Allentown, PA
Vacancy
6.00%
Lease Rate
$6.84 /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%
$3,780,600
Cap Rate 7%
$2,700,429
Cap Rate 9%
$2,100,333
Alternative Uses
Best Use
Industrial
$2.70M
$2.36M – $3.15M
NOI $189,030 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.25M
$7.22M – $9.63M
NOI $577,584 @ 7.0% cap · market cap 26.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,810
Businesses Nearby
Explore this area
Business Placement
Demographics for 18102, PA
51,567
Population
18,788
Households
2.7
Avg Household Size
32
Median Age
11%
College-Educated
76%
High-School Grad
3.0 sq mi
ZIP Area
17,189
Density / Sq Mi
$40,681
Median Household Income
$29,501
Median Earnings
$1,224
Median Rent
$146,600
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 42,000 SF industrial property in Allentown, PA for sale.
Where is this manufacturing property located?
The property is located at 737 N 13th Street & 1231 W Green Street Allentown, PA.
What is the asking price?
The asking price for this property is $2,190,000.
What are key features of this property?
This property features: Food‑grade production facility suitable for specialized manufacturing.; Zoned Business‑Light Industrial, ideal for various industrial operations.; Convenient location along a public bus route with a stop at the corner.
