Two-Unit Mixed-Use
For Sale
$525,000
824 MAIN STREET, Hellertown, PA 18055
Freestanding property combines leased retail space with a separately accessed apartment.
Property Size3,672 SF
Price / SF$142.97
Days on Market11
Property Features for 824 MAIN STREET
General Information
Standard status
Active
Size
3,672 SF
Property subtype
Commercial
Building Details
Year Built
1911
Listing Agency:
Realty Outfitters
(484) 951-2329
Listed By:
Cheyenne Reiman · License #RM424708
(484) 951-2329
Source:
Cummingsrealtors
Added: Aug 1
Changed: Aug 11
Last Checked: Aug 11 at 6:13AM
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 Realty Outfitters
Investment Insights
Based on property information with market context.
Built in 1911, this 3,672-square-foot freestanding property contains two income-producing components. The first-floor commercial area includes open retail or showroom space, display windows, a full bathroom with shower, and substantial storage. Its finished lower level adds storefront windows, rear parking-lot access, and flexible storage, display, or work space. The business operating in the retail space is not included in the sale.
A private-entry second-floor apartment provides two bedrooms, an updated bathroom, and in-unit laundry. Existing leases are in place, with the apartment lease having remaining term. The building fronts Route 412 by nearly 40 ft, where traffic counts approach 20,000 vehicles per day, and is less than 1 mile from I-78. The Saucon Rail Trail is 1 block away, and Lost Tavern Brewery is a half block away.
A private-entry second-floor apartment provides two bedrooms, an updated bathroom, and in-unit laundry. Existing leases are in place, with the apartment lease having remaining term. The building fronts Route 412 by nearly 40 ft, where traffic counts approach 20,000 vehicles per day, and is less than 1 mile from I-78. The Saucon Rail Trail is 1 block away, and Lost Tavern Brewery is a half block away.
Key Highlights
- 3,672‑square‑foot mixed‑use building with two leased components
- First‑floor commercial space includes open rooms, display windows, full bathroom with shower, and storage
- Finished lower level offers storefront windows, rear parking‑lot access, and flexible additional space
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
$37,179
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
7.08%
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%
$743,580
$743.6K
Cap Rate 7%
$531,129
$531.1K
Cap Rate 9%
$413,100
$413.1K
Market Conditions
NOI Build-Up for 3,672 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
$66.1K $18.00/SF
− Vacancy
−$6.6K −$1.80/SF
EGI
$59.5K $16.20/SF
− OpEx
−$22.3K −$6.07/SF
NOI
$37.2K $10.13/SF
Area
Northampton County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$743,580
Cap Rate 7%
$531,129
Cap Rate 9%
$413,100
Alternative Uses
Best Use
Mixed Use
$531.1K
$464.7K – $619.7K
NOI $37,179 @ 7.0% cap · market cap 7.08%
Second Best
Retail
$406.3K
$355.5K – $474.0K
NOI $28,439 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$696.5K
$609.4K – $812.5K
NOI $48,752 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
33k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 26%
Sunoco
Shops & Services
11,386 visits/mo
0.1 miles
Dunkin' Donuts
Dining
8,659 visits/mo
0.1 miles
7-Eleven
Shops & Services
4,350 visits/mo
0.2 miles
Truist
Shops & Services
3,869 visits/mo
0.1 miles
Wells Fargo
Shops & Services
3,842 visits/mo
0.2 miles
Demographics for 18055, PA
12,077
Population
4,946
Households
2.4
Avg Household Size
46
Median Age
39%
College-Educated
95%
High-School Grad
20.0 sq mi
ZIP Area
604
Density / Sq Mi
$90,087
Median Household Income
$52,690
Median Earnings
$1,273
Median Rent
$293,800
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 - Freestanding property combines leased retail space with a separately accessed apartment.
Where is this mixed-use property located?
The property is located at 824 MAIN STREET Hellertown, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,672‑square‑foot mixed‑use building with two leased components; First‑floor commercial space includes open rooms, display windows, full bathroom with shower, and storage; Finished lower level offers storefront windows, rear parking‑lot access, and flexible additional space
