Office Building with
New
For Sale
$429,000
937 N 4th St, Allentown, PA 18102
Established office property with dedicated signage, substantial parking, and exposure along a busy urban thoroughfare.
Property Size1,530 SF
Price / SF$280.39
Days on Market2
Property Features for 937 N 4th St
General Information
Standard status
Active
Size
1,530 SF
Building Details
Year Built
1948
Listing Agency:
Keller Williams Allentown
(610) 435-1800
Listed By:
Dave Capece
Source:
Jennysoldmine
Added: Aug 29
Last Checked: Aug 29 at 6:57PM
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 Keller Williams Allentown
Investment Insights
Based on property information with market context.
This office building at 937 N 4th St in Allentown City offers signage and substantial parking for business operations and visitors. The property was built in 1948 and is described as well cared for and in excellent condition.
The building occupies the 900 block of N. 4th St, an active urban corridor with strong street exposure. Its combination of office use, visible signage, and ample parking provides a practical setting for an owner-user or commercial occupant.
The building occupies the 900 block of N. 4th St, an active urban corridor with strong street exposure. Its combination of office use, visible signage, and ample parking provides a practical setting for an owner-user or commercial occupant.
Key Highlights
- Office building at 937 N 4th St, Allentown City, PA 18102
- Signage available at the property
- Loads of parking
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
$13,390
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
3.12%
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%
$267,800
$267.8K
Cap Rate 7%
$191,286
$191.3K
Cap Rate 9%
$148,778
$148.8K
Market Conditions
NOI Build-Up for 1,530 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
$23.9K $15.60/SF
− Vacancy
−$1.6K −$1.01/SF
EGI
$22.3K $14.59/SF
− OpEx
−$8.9K −$5.83/SF
NOI
$13.4K $8.75/SF
Area
Allentown, PA
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
40.00%
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%
$267,800
Cap Rate 7%
$191,286
Cap Rate 9%
$148,778
Alternative Uses
Best Use
Healthcare Medical
$191.3K
$167.4K – $223.2K
NOI $13,390 @ 7.0% cap · market cap 3.12%
Second Best
Office B
$118.7K
$103.8K – $138.4K
NOI $8,306 @ 7.0% cap · market cap 1.94%
Theoretical Best
Specialty Retail
$300.6K
$263.0K – $350.7K
NOI $21,041 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
603
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Established office property with dedicated signage, substantial parking, and exposure along a busy urban thoroughfare.
Where is this office building located?
The property is located at 937 N 4th St Allentown, PA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Office building at 937 N 4th St, Allentown City, PA 18102; Signage available at the property; Loads of parking
