Medical Office with
For Sale
$424,000
937 N 4th Street, Allentown, PA 18102
The 1,530-square-foot property includes off-street and on-street parking in Allentown.
Property Size1,530 SF
Price / SF$277.12
Days on Market10
Property Features for 937 N 4th Street
General Information
Standard status
Active
Size
1,530 SF
Zoning
B/Li
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$7,146
Amenities
signage
true
Assessor
Real Estate Only
Public
15638
30
125'x125'
0.359
125
Public Records
Off Street,On Street
Asphalt
City Street
1530
Building Details
Building Size
1,530 SF
Year Built
1948
Buildings
1
Listing Agency:
(908) 224-5438
Listed By:
Yvonne Schneider
Source:
Haven
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:45PM
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 Yvonne Schneider
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Investment Insights
Based on property information with market context.
This 1,530-square-foot medical office property was built in 1948 and was formerly used as a chiropractic office. Signage is present, and parking is available both off street and on street.
Located at 937 N. 4th Street in Allentown, the property is zoned B/Li.
Located at 937 N. 4th Street in Allentown, the property is zoned B/Li.
Key Highlights
- 1,530‑square‑foot medical office property
- Former chiropractic office
- Signage on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,390
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
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
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 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 3.16%
Second Best
Office B
$118.7K
$103.8K – $138.4K
NOI $8,306 @ 7.0% cap · market cap 1.96%
Theoretical Best
Specialty Retail
$300.6K
$263.0K – $350.7K
NOI $21,041 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Dr. Karen's Critter Care — 827 W Wyoming St, Allentown, PA 18103
Frequently Asked Questions
What type of property is this?
Medical Office Space - The 1,530-square-foot property includes off-street and on-street parking in Allentown.
Where is this medical office space located?
The property is located at 937 N 4th Street Allentown, PA.
What is the asking price?
The asking price for this property is $424,000.
What are key features of this property?
This property features: 1,530‑square‑foot medical office property; Former chiropractic office; Signage on site
