Manufacturing Building with
New
For Sale
$949,000
925 N Lumber Street, Allentown, PA 18102
CommercialSale, Allentown City, PA
Property Size12,148 SF
Lot Size0.39 Acres
Price / SF$78.12
Days on Market2
Property Features for 925 N Lumber Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B/LI
Parking
25
Parking features
Parking Lot, On Street, Garage, Off Street
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
Route 22 to Route 145 S. Right on Greenleaf St. Right on N Lumber St. Property will be on Right.
Subdivision
Allentown-Central
Standard status
Active
APN
549784496621-1
Size
12,148 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Annual Amount
8900
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1890
Building materials
Masonry
Listing Agency:
Keller Williams Allentown · Keller Williams Realty
(610) 435-1800
Listed By:
James J. Balliet · License #PA RS227612L
(610) 972-6808
Added: Aug 27
Last Checked: Aug 28 at 4:06PM
MLS# 783514
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.
The property at 925 N Lumber Street is a 12,148-square-foot industrial building with a functional blend of manufacturing and warehouse space. Approximately 1,500 square feet is dedicated to office use, while multiple overhead doors support access throughout the facility. Masonry construction dates to 1890, and the site includes a parking lot along with on-street, off-street, and garage parking options.
Public water and public sewer serve the property. Located in Allentown City, the facility offers an established industrial setting for businesses requiring a combination of production, storage, and administrative areas.
Public water and public sewer serve the property. Located in Allentown City, the facility offers an established industrial setting for businesses requiring a combination of production, storage, and administrative areas.
Key Highlights
- 12,148 SF industrial property
- Approximately 1,500 SF of office space
- Combined manufacturing and warehouse areas
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
$75,099
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
7.91%
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%
$1,501,980
$1.5M
Cap Rate 7%
$1,072,843
$1.1M
Cap Rate 9%
$834,433
$834.4K
Market Conditions
NOI Build-Up for 12,148 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
$93.3K $7.68/SF
− Vacancy
−$4.9K −$0.41/SF
EGI
$88.4K $7.27/SF
− OpEx
−$13.3K −$1.09/SF
NOI
$75.1K $6.18/SF
Area
Allentown, PA
Vacancy
5.30%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
15.00%
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%
$1,501,980
Cap Rate 7%
$1,072,843
Cap Rate 9%
$834,433
Alternative Uses
Best Use
Warehouse
$1.07M
$938.7K – $1.25M
NOI $75,099 @ 7.0% cap · market cap 7.91%
Second Best
Industrial
$781.1K
$683.4K – $911.3K
NOI $54,675 @ 7.0% cap · market cap 5.76%
Theoretical Best
Specialty Retail
$2.39M
$2.09M – $2.78M
NOI $167,059 @ 7.0% cap · market cap 17.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,105
Businesses Nearby
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 Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial facility combining warehouse, production, and office areas with multiple overhead doors and public utilities.
Where is this manufacturing property located?
The property is located at 925 N Lumber Street Allentown, PA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 12,148 SF industrial property; Approximately 1,500 SF of office space; Combined manufacturing and warehouse areas
