Flex Space with Dedicated
For Sale
Contact for pricing
826 Monocacy St, Bethlehem, PA 18018
Versatile commercial building with updated restrooms, kitchenette, controlled access, and room for office, retail, or production uses.
Property Size17,255 SF
Price / SF$92.73
Days on Market522
Property Features for 826 Monocacy St
General Information
Standard status
Active
Size
17,255 SF
Property subtype
INDUSTRIAL
Listing Agency:
Feinberg Real Estate Advisors, LLC
(610) 709-6233
Listed By:
Cindy McDonnell Feinberg · License #RS370904
Source:
Moodyscre
Added: Mar 27, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:57AM
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 Feinberg Real Estate Advisors, LLC
Investment Insights
Based on property information with market context.
This 17,255-square-foot flex property combines adaptable commercial space with a private, dedicated parking lot. The building has been well maintained and includes a newer roof, kitchenette area, updated restrooms, an access control system, and exterior camera coverage. The configuration supports a range of business applications, including office, retail, personal services, medical clinics or labs, veterinary services, and production, fabrication, or light manufacturing operations.
The property is located on Monocacy St in Bethlehem, near Route 378 and Downtown Historic Bethlehem. Restaurants, residential communities, shopping, and Historic Bethlehem sites are accessible from the property, with the surrounding setting supporting a variety of commercial uses.
The property is located on Monocacy St in Bethlehem, near Route 378 and Downtown Historic Bethlehem. Restaurants, residential communities, shopping, and Historic Bethlehem sites are accessible from the property, with the surrounding setting supporting a variety of commercial uses.
Key Highlights
- 17,255‑square‑foot flex space property
- Private, dedicated parking lot
- Newer roof, kitchenette area, and updated restrooms
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
$128,624
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
8.04%
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%
$2,572,480
$2.6M
Cap Rate 7%
$1,837,486
$1.8M
Cap Rate 9%
$1,429,156
$1.4M
Market Conditions
NOI Build-Up for 17,255 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
$198.4K $11.50/SF
− Vacancy
−$14.7K −$0.85/SF
EGI
$183.7K $10.65/SF
− OpEx
−$55.1K −$3.19/SF
NOI
$128.6K $7.45/SF
Area
Lehigh County, PA
Vacancy
7.40%
Lease Rate
$11.50 /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%
$2,572,480
Cap Rate 7%
$1,837,486
Cap Rate 9%
$1,429,156
Alternative Uses
Best Use
Industrial
$1.84M
$1.61M – $2.14M
NOI $128,624 @ 7.0% cap · market cap 8.04%
Second Best
Flex RnD
$1.71M
$1.50M – $1.99M
NOI $119,644 @ 7.0% cap · market cap 7.48%
Theoretical Best
Mixed Use
$2.54M
$2.22M – $2.96M
NOI $177,619 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,265
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with updated restrooms, kitchenette, controlled access, and room for office, retail, or production uses.
Where is this flex space located?
The property is located at 826 Monocacy St Bethlehem, PA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 17,255‑square‑foot flex space property; Private, dedicated parking lot; Newer roof, kitchenette area, and updated restrooms
