Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    954 Marcon Blvd Allentown, PA 18109

    Sponsored
    For Lease
    Contact for pricing

    30,140 SF Office Building, Prime Location

    Lot size:
    30,140 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    411
    This exceptional 30,140-square-foot office building in Allentown, PA, presents a unique leasing opportunity. Situated on a 3.44-acre lot, this single-story, multi-tenant building boasts a prominent location off Route 22, providing convenient access to the Pennsylvania Turnpike (I-476) and Route 78. Built in 1982, the masonry structure offers high ceilings ranging from 18 to 22 feet, creating a spacious and adaptable workspace. The property features ample parking with 244 spaces available. The building's electrical service is robust, with a 1,600-amp power supply. While there are no elevators, the single-story design ensures easy accessibility throughout the entire 30,140 square feet of currently vacant space. This property is part of the Denholtz Lehigh Valley light industrial portfolio and benefits from its strategic location, placing it within a day's drive of nearly 40% of the U.S. population. The property is located in Lehigh County and is ideal for businesses seeking a large, well-located office space with significant parking. The building's size and features make it suitable for a variety of office uses. This is a rare opportunity to secure a substantial office space in a highly desirable location.

    Property Features for 954 Marcon Blvd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,140 SF

    Building Details

    Year Built
    1982
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    30,140 SF
    Size
    30,140 SF

    We can help!

    Listing Contact
    Jody King

    Learn more

    Property Insight Report

    HighLights

    • 30,140 SF of office space available for lease in Allentown, PA.
    • Single‑story, multi‑tenant building totaling 30,140 square feet.
    • Located in Lehigh County, offering easy access to Route 22, I‑476, and Route 78.
    • Features 18' to 22' ceiling heights and 244 parking spaces.
    • 1.600‑Amp power.
    • Built in 1982 on a 3.44‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.442216418855
    Latitude
    40.640704034891

    Nearby Similar for Lease

    • $2,650 /Mo

      Allentown City Commercial Space Available

      Prime commercial space in Allentown's dynamic business district.
      207 N Front St, Allentown, PA 18102
      View Details
    • $500 /Mo
      16,204 SF

      Allentown City Professional Office Suites

      Furnished office suites for lease in wellness center.
      1702 W Walnut St, Allentown, PA 18104
      View Details
    • $14 SF/Yr
      31,189 SF

      Allentown City Class A Office

      Class A office building in West End Allentown available for lease.
      1226 W Green St, Allentown, PA 18102
      View Details
    • $2,200 /Mo
      49,441 SF

      Allentown Commercial Kitchen Rental

      Commercial kitchen rental with ballroom partnership potential in historic building.
      1524 W Linden St, Allentown, PA 18102
      View Details
    • $2,950 /Mo
      230,432 SF

      Unique Space with Commercial Kitchen

      Versatile space with commercial kitchen, suitable for various businesses.
      1183 Grange Rd, Allentown, PA 18106
      View Details
    • $17 SF/Yr

      Turn-Key Office Suite Available

      Class A office space with flexible layout in prime location.
      3500 Winchester Rd, Allentown, PA 18104
      View Details
    • $2,950 /Mo

      Allentown Commercial Space For Rent

      Commercial space suitable for contractors and property management companies.
      316 N Madison St, Allentown, PA 18102
      View Details
    • $1,050 /Mo
      49,441 SF

      Historic Allentown Office Space Available

      Move-in ready office space in a historic building.
      1524 W Linden St Unit, Allentown, PA 18102
      View Details
    • $20 SF/Yr
      562,403 SF

      Allentown Retail Space For Lease

      Retail space available in active Allentown shopping destination.
      3300 Lehigh St, Allentown, PA 18103
      View Details
    • $12 SF/Yr
      562,403 SF

      Retail Space in Allentown Mall

      Retail space available in active Allentown shopping destination.
      3300 Lehigh St, Allentown, PA 18103
      View Details
    • $20 SF/Yr
      562,403 SF

      Retail Space in South Mall

      Retail spaces available in Allentown's active South Mall.
      3300 Lehigh St, Allentown, PA 18103
      View Details
    • $12 SF/Yr

      Retail Space in Allentown Mall

      Retail space available in active Allentown shopping destination.
      3300 Lehigh St, Allentown, PA 18103
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - 30,140 SF Office Building, Prime Location
    Where is this office property / space located?
    The property is located at 954 Marcon Blvd Allentown, PA.
    What are key features of this property?
    This property features: 30,140 SF of office space available for lease in Allentown, PA.; Single-story, multi-tenant building totaling 30,140 square feet.; Located in Lehigh County, offering easy access to Route 22, I-476, and Route 78.
    Request Owner's contact information
    954 Marcon Blvd Allentown, PA 18109
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    954 Marcon Blvd
    Allentown, PA 18109
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    954 Marcon Blvd Allentown, PA 18109
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jody King
    Real Estate License ID: PA
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.