Office Unit with Finished
For Sale
Contact for pricing
822 North 19Th Street, Allentown, PA 18104
The layout includes multiple offices, a kitchen, finished basement, and bathroom facilities.
Property Size1,260 SF
Price / SF$118.97
Days on Market305
Property Features for 822 North 19Th Street
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Industrial
Zoning
B1/R
Additional Details
Office Units
4
Amenities
finished basement
Kitchen
1.5 baths
Building Details
Year Built
1949
Listing Agency:
Better Homes and Gardens Real Estate Valley Partners
Listed By:
Michele Shoudt · License #PA RS289568
Source:
Crexi
Added: Oct 31, 2025
Changed: Aug 30
Last Checked: Aug 30 at 6:01PM
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 Better Homes and Gardens Real Estate Valley Partners
Investment Insights
Based on property information with market context.
This office unit contains 1,260 square feet arranged across 4 separate office spaces, with a kitchen, 1.5 baths, and a finished basement. Built in 1949, the property was previously used as a church office building and offers a compact configuration for office operations.
The property is located at 822 North 19th Street in Allentown City, Pennsylvania. Zoning is B1/R, identified as a Limited Business Residential District. The corner parcel is included in the sale and is to be added to AOS 826 N. 19th under parcel number 549722409205-001. The City of Allentown can provide information regarding possible uses.
The property is located at 822 North 19th Street in Allentown City, Pennsylvania. Zoning is B1/R, identified as a Limited Business Residential District. The corner parcel is included in the sale and is to be added to AOS 826 N. 19th under parcel number 549722409205-001. The City of Allentown can provide information regarding possible uses.
Key Highlights
- 1,260 square feet of office space
- 4 separate office spaces
- Finished basement with kitchen and 1.5 baths
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
$6,840
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
4.56%
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%
$136,800
$136.8K
Cap Rate 7%
$97,714
$97.7K
Cap Rate 9%
$76,000
$76.0K
Market Conditions
NOI Build-Up for 1,260 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
$9.8K $7.80/SF
− Vacancy
−$708 −$0.56/SF
EGI
$9.1K $7.24/SF
− OpEx
−$2.3K −$1.81/SF
NOI
$6.8K $5.43/SF
Area
Allentown, PA
Vacancy
7.20%
Lease Rate
$7.80 /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%
$136,800
Cap Rate 7%
$97,714
Cap Rate 9%
$76,000
Alternative Uses
Best Use
Office B
$97.7K
$85.5K – $114.0K
NOI $6,840 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$247.5K
$216.6K – $288.8K
NOI $17,328 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
1,739
Businesses Nearby
Explore this area
Business Placement
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - The layout includes multiple offices, a kitchen, finished basement, and bathroom facilities.
Where is this office units located?
The property is located at 822 North 19Th Street Allentown, PA.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 1,260 square feet of office space; 4 separate office spaces; Finished basement with kitchen and 1.5 baths
