Mixed-Use Retail and Office
For Sale
$1,400,000
911 W Hamilton St, Allentown, PA 18101
Building with first-floor retail and two upper floors, plus on-site parking for 12 vehicles.
Property Size6,536 SF
Price / SF$214.20
Days on Market149
Property Features for 911 W Hamilton St
General Information
Standard status
Active
Size
6,536 SF
Total Parking Spaces
12
Building Details
Stories
7
Listing Agency:
CENTURY 21 Keim Realtors
(877) 208-4158
Listed By:
Loren K. Keim Jr. · License #RB-045762-L
(877) 208-4158
Source:
Exprealty
Added: Apr 3
Changed: Aug 24
Last Checked: Aug 28 at 2:36PM
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 CENTURY 21 Keim Realtors
Investment Insights
Based on property information with market context.
This mixed-use building at 911 W Hamilton St, Allentown, is configured with first-floor retail and two upper floors that are ready for build-out and reconfiguration. The property includes three leasable floors and on-site parking for 12 vehicles.
The site is directly beside the PPL Tower and positioned near the Archer Music Hall and Da Vinci Science Center. It is located in Allentown’s Neighborhood Improvement Zone (NIZ), with stated eligibility for NIZ benefits.
The offering is presented as an owner-user, investor, or development opportunity, with existing concept plans envisioning a mixed-use expansion into a 7-story structure (with potential for additional height).
The site is directly beside the PPL Tower and positioned near the Archer Music Hall and Da Vinci Science Center. It is located in Allentown’s Neighborhood Improvement Zone (NIZ), with stated eligibility for NIZ benefits.
The offering is presented as an owner-user, investor, or development opportunity, with existing concept plans envisioning a mixed-use expansion into a 7-story structure (with potential for additional height).
Key Highlights
- 6,536 SF building at 911 W Hamilton St in Allentown’s Neighborhood Improvement Zone (NIZ)
- First‑floor retail plus two upper floors ready for build‑out and reconfiguration
- On‑site parking available for 12 vehicles
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
$80,503
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
5.75%
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%
$1,610,060
$1.6M
Cap Rate 7%
$1,150,043
$1.2M
Cap Rate 9%
$894,478
$894.5K
Market Conditions
NOI Build-Up for 6,536 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
$121.6K $18.60/SF
− Vacancy
−$6.6K −$1.00/SF
EGI
$115.0K $17.60/SF
− OpEx
−$34.5K −$5.28/SF
NOI
$80.5K $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%
$1,610,060
Cap Rate 7%
$1,150,043
Cap Rate 9%
$894,478
Alternative Uses
Best Use
Retail
$1.15M
$1.01M – $1.34M
NOI $80,503 @ 7.0% cap · market cap 5.75%
Second Best
Office B
$506.9K
$443.5K – $591.4K
NOI $35,483 @ 7.0% cap · market cap 2.53%
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.50M
NOI $89,883 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,558
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18101, PA
5,108
Population
2,686
Households
1.9
Avg Household Size
32
Median Age
19%
College-Educated
79%
High-School Grad
0.3 sq mi
ZIP Area
17,027
Density / Sq Mi
$41,542
Median Household Income
$34,397
Median Earnings
$1,337
Median Rent
$153,800
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?
Storefront property - Building with first-floor retail and two upper floors, plus on-site parking for 12 vehicles.
Where is this storefront property located?
The property is located at 911 W Hamilton St Allentown, PA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 6,536 SF building at 911 W Hamilton St in Allentown’s Neighborhood Improvement Zone (NIZ); First‑floor retail plus two upper floors ready for build‑out and reconfiguration; On‑site parking available for 12 vehicles
