Listing Agency: Feinberg Real Estate Advisors, LLC Show Phone

Listed By: Cindy McDonnell Feinberg · License #RM423190 Show Phone

Source: Moodyscre

Added: May 8 Changed: Oct 3 Last Checked: Oct 24 at 3:22PM

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Investment Insights

Based on property information with market context.

This professional, stand-alone multi-level office building offers multiple access points and visibility suitable for business use. The property is positioned for straightforward access and entry from more than one location around the building.

The building is located in the City of Bethlehem, Lehigh County, with easy access to Union Blvd and Routes 22 and 378. Visibility and roadway connectivity support convenient customer and employee access.

The offering presents a self-contained office asset for new or expanding operations, with the practical benefit of multiple points of access.

Key Highlights

• Stand‑alone multi‑level office building in the City of Bethlehem, Lehigh County
• Multiple access points for easier ingress and egress
• Convenient access near Union Blvd and Routes 22 and 378

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,115

Cap Rate

8.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$622,300 $622.3K

Cap Rate 7%

$444,500 $444.5K

Cap Rate 9%

$345,722 $345.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,261 SF

Gross rent

$45.0K $10.56/SF

− Vacancy

−$3.5K −$0.82/SF

EGI

$41.5K $9.74/SF

− OpEx

−$10.4K −$2.43/SF

NOI

$31.1K $7.30/SF

Area

Lehigh County, PA

Vacancy

7.80%

Lease Rate

$10.56 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$622,300

Cap Rate 7%

$444,500

Cap Rate 9%

$345,722

Alternative Uses

Best Use

Office B

$444.5K

$388.9K – $518.6K (±1% cap)

NOI $31,115 @ 7.0% cap · market cap 8.89%

Second Best

—

—

no second resolved use

Theoretical Best

Mixed Use

$626.6K

$548.3K – $731.0K (±1% cap)

NOI $43,862 @ 7.0% cap · market cap 12.53%

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

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Allied Central Services Security Service Altronics Security Systems Security Service Help.me Production Facility Prime Development Construction Company

Suggested Use

Top Pick Pharmacy (Bike/Boat/Book/etc) Store Carpet & Flooring Store Veterinary Clinic Pet Grooming Service Locksmith

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

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,181

Businesses Nearby

Explore this area Business Placement

Demographics for 18018, PA

32,388

Population

14,669

Households

2.2

Avg Household Size

39

Median Age

37%

College-Educated

92%

High-School Grad

5.2 sq mi

ZIP Area

6,228

Density / Sq Mi

$71,968

Median Household Income

$43,471

Median Earnings

$1,261

Median Rent

$224,000

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Standalone multi-level office building with multiple access points near Union Blvd and Routes 22 and 378.

Where is this office building located?

The property is located at 824 8th Ave Bethlehem, PA.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Stand‑alone multi‑level office building in the City of Bethlehem, Lehigh County; Multiple access points for easier ingress and egress; Convenient access near Union Blvd and Routes 22 and 378