Industrial Property with Warehouse and
For Sale
Contact for pricing
4554 Bath Pike, Bethlehem, PA 18017
2.93 acres with warehouse and house near US-22.
Property Size11,930 SF
Lot Size2.93 Acres
Price / SF$159.26
Days on Market959
Property Features for 4554 Bath Pike
General Information
Standard status
Active
Size
11,930 SF
Lot size
2.93 Acres
Property subtype
Industrial
Zoning
Industrial
Lease Type
Gross
Building Details
Year Built
1989
Year Renovated
1989
Buildings
2
Stories
1
Tenancy
Single
Listing Agency:
P.F. Weiss Realty
Listed By:
Sergei Ivasiuc · License #RS329572
Source:
Crexi
Added: Jan 19, 2024
Changed: Aug 23
Last Checked: Sep 1 at 6:56AM
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 P.F. Weiss Realty
Investment Insights
Based on property information with market context.
This property features a 2.93-acre lot with two buildings. Building 1 is a warehouse with 8,430 square feet of space and a ceiling height of 24 feet. It includes one ground-level drive-in door and has 3-phase power with 1,200 amps at 480 volts. Water is supplied by a well, and there is access to a public sewer. Building 2 is a 3,500-square-foot house heated and cooled by electric heat pumps. The property is zoned PIBD (Planned Industrial/Business Park District) and is located in Northampton County, Hanover Township. It offers convenient access, being just 1 mile from US-22.
Key Highlights
- 2.93 Acre Lot Size
- Warehouse: 8,430 S.F. with 24’ Ceiling Height**
- 3‑Phase Power: 1,200 Amps | 480 Volts**
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
$107,986
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
5.68%
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%
$2,159,720
$2.2M
Cap Rate 7%
$1,542,657
$1.5M
Cap Rate 9%
$1,199,844
$1.2M
Market Conditions
NOI Build-Up for 11,930 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
$137.2K $11.50/SF
− Vacancy
−$10.2K −$0.85/SF
EGI
$127.0K $10.65/SF
− OpEx
−$19.1K −$1.60/SF
NOI
$108.0K $9.05/SF
Area
Lehigh County, PA
Vacancy
7.40%
Lease Rate
$11.50 /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%
$2,159,720
Cap Rate 7%
$1,542,657
Cap Rate 9%
$1,199,844
Alternative Uses
Best Use
Warehouse
$1.54M
$1.35M – $1.80M
NOI $107,986 @ 7.0% cap · market cap 5.68%
Second Best
Industrial
$1.27M
$1.11M – $1.48M
NOI $88,930 @ 7.0% cap · market cap 4.68%
Theoretical Best
Mixed Use
$1.75M
$1.54M – $2.05M
NOI $122,804 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18017, PA
39,663
Population
16,773
Households
2.4
Avg Household Size
46
Median Age
40%
College-Educated
93%
High-School Grad
16.8 sq mi
ZIP Area
2,361
Density / Sq Mi
$88,946
Median Household Income
$45,618
Median Earnings
$1,535
Median Rent
$310,600
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?
Warehouse - 2.93 acres with warehouse and house near US-22.
Where is this warehouse located?
The property is located at 4554 Bath Pike Bethlehem, PA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 2.93 Acre Lot Size; Warehouse: 8,430 S.F. with 24’ Ceiling Height**; 3‑Phase Power: 1,200 Amps | 480 Volts**
