Brick Mixed-Use Building with
For Sale
$1,400,000
911 W Hamilton Street, Allentown, PA 18101
SINGLE_FAMILY - Allentown City, PA
Property Size6,536 SF
Lot Size0.12 Acres
Price / SF$214.20
Days on Market132
Property Features for 911 W Hamilton Street
General Information
Property type
Residential
Property subtype
Office
Zoning
B-2-CENTRAL BUSINESS
Parking
12
Parking features
Off Street, Parking Lot
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
Hamilton East from 10th Street, property next to PPL on left
Subdivision
Allentown-Central
Standard status
Active
APN
549790803965001
Size
6,536 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1920
Flooring type
Wood
Building materials
Brick, Masonry
Listing Agency:
CENTURY 21 Keim Realtors · Century 21 Real Estate
(610) 395-0393
Listed By:
Loren K. Keim Jr. · License #RB-045762-L
(877) 208-4158
Added: Apr 3
Changed: Jul 28
Last Checked: Aug 12 at 12:06AM
MLS# 774403
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick mixed-use building offers a practical retail-and-office style layout with first-floor retail and two upper floors ready for build-out. The property includes three leasable floors that can be reconfigured to match tenant or owner-user needs, with wood flooring and electric heating. Cooling is provided via wall unit(s), and the building is served by public water and public sewer.
Set on a 0.116-acre lot, the building totals 6,536 SF and includes off-street parking in a parking lot configuration for 12 vehicles. It was built in 1920 and sits in zoning B-2-CENTRAL BUSINESS.
The existing configuration supports a range of end uses where retail frontage and upper-floor flexibility are desirable, including owner-user or investor approaches that can leverage the ready-to-rework upper levels.
Set on a 0.116-acre lot, the building totals 6,536 SF and includes off-street parking in a parking lot configuration for 12 vehicles. It was built in 1920 and sits in zoning B-2-CENTRAL BUSINESS.
The existing configuration supports a range of end uses where retail frontage and upper-floor flexibility are desirable, including owner-user or investor approaches that can leverage the ready-to-rework upper levels.
Key Highlights
- 6,536 SF brick mixed‑use building on a 0.116‑acre lot
- First‑floor retail with two upper floors ready for build‑out
- Three leasable floors ready for reconfiguration
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
Mixed Use
$911.8K
$797.8K – $1.06M
NOI $63,824 @ 7.0% cap · market cap 4.56%
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
2,738
Businesses Nearby
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick mixed-use building with first-floor retail and two upper floors ready for reconfiguration under B-2 zoning.
Where is this mixed-use property located?
The property is located at 911 W Hamilton Street 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 brick mixed‑use building on a 0.116‑acre lot; First‑floor retail with two upper floors ready for build‑out; Three leasable floors ready for reconfiguration
