Turnkey Commercial Space in
For Sale
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849 Jackson St, Allentown, PA 18102
Newly renovated, versatile commercial space in a high-visibility location.
Property Size560 SF
Price / SF$357.14
Days on Market176
Property Features for 849 Jackson St
General Information
Standard status
Active
Size
560 SF
Total Parking Spaces
5
Property subtype
Retail, Office
Zoning
MX-C
Investment Type
Owner/User
Building Details
Year Built
1900
Listing Agency:
Realty ONE Group Supreme
Listed By:
Matthew Morrow · License #RS347764
Source:
Crexi
Added: Feb 16
Changed: Aug 8
Last Checked: Aug 11 at 4:39PM
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 ONE Group Supreme
Investment Insights
Based on property information with market context.
This newly renovated commercial space is located in a prime, high-visibility location and offers ample parking. The storefront's layout is suitable for retail, office, barbershop/salon, or professional service use, due to the updated zoning code. Glass double doors lead into a spacious reception area, which includes a kitchenette, restroom, a private office/extra space with a separate entrance, and a utility/storage room. Recent upgrades include a new roof, fresh paint, tile flooring, and modern recessed lighting. Situated on a corner lot with street exposure and strong traffic counts, the property is located blocks from PPL Center and Center City amenities including dining, entertainment, and public transportation. The property size is 560 square feet.
Key Highlights
- Prime, high‑visibility location on a corner lot with excellent street exposure and strong traffic counts.
- Newly renovated, turnkey commercial space with a new roof, fresh paint, and modern lighting.
- Versatile layout suitable for retail, office, barbershop/salon, or professional service use.
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
$6,897
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
3.45%
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%
$137,940
$137.9K
Cap Rate 7%
$98,529
$98.5K
Cap Rate 9%
$76,633
$76.6K
Market Conditions
NOI Build-Up for 560 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
$10.4K $18.60/SF
− Vacancy
−$562 −$1.00/SF
EGI
$9.9K $17.60/SF
− OpEx
−$3.0K −$5.28/SF
NOI
$6.9K $12.32/SF
Area
Allentown, PA
Vacancy
5.40%
Lease Rate
$18.60 /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%
$137,940
Cap Rate 7%
$98,529
Cap Rate 9%
$76,633
Alternative Uses
Best Use
Retail
$98.5K
$86.2K – $115.0K
NOI $6,897 @ 7.0% cap · market cap 3.45%
Second Best
Office B
$43.4K
$38.0K – $50.7K
NOI $3,040 @ 7.0% cap · market cap 1.52%
Theoretical Best
Specialty Retail
$110.0K
$96.3K – $128.4K
NOI $7,701 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,074
Businesses Nearby
Under-served
Demand for This Use
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Newly renovated, versatile commercial space in a high-visibility location.
Where is this storefront property located?
The property is located at 849 Jackson St Allentown, PA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Prime, high‑visibility location on a corner lot with excellent street exposure and strong traffic counts.; Newly renovated, turnkey commercial space with a new roof, fresh paint, and modern lighting.; Versatile layout suitable for retail, office, barbershop/salon, or professional service use.
