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Multi-Tenant Office and Warehouse Building

Hanover Twp, PA 18018 Hanover Twp, PA 18018

Claim this Listing
For Sale
$4,900,000

SINGLE_FAMILY - Hanover Twp, PA

Type:Office
Property size:
71,720 SF
Price / SF:
$68/SF
Added:
May 11, 2026
Days on Market:
61
Last Refresh:
Jul 10 at 10:06 pm

Property Features

General Information

Property type
Residential
Property subtype
Office
Standard status
Active
Size
71,720 SF

Building Details

Year built
1985

Listing agent Peter Adams

Listing office BHHS Fox & Roach Macungie PA

Listing date May 11, 2026

MLS# 776861

Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, 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.

Located off PA Route 22, 3910 Adler Place is a two-story, multi-tenant building with fiber networking. The property includes a warehouse area of approximately 10,945 square feet and is situated in a professional office park and warehouse location. The building features a mix of open-plan and private office spaces. Of the 71,720 square feet, 40,948 square feet are tenant-occupied, with over 30,000 square feet available for owner-use or future tenants. The property currently generates $320,632 in annual tenant rental income and is located in a cul-de-sac from Highland Avenue, providing easy access to the greater Lehigh Valley.

Key Highlights

  • Significant income potential: Generates $320,632 in annual tenant rental income.
  • Substantial space available: Over 30,000 SF available for owner‑use or future tenants.
  • Large warehouse space: Includes approximately 10,945 SF of warehouse area.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $628.3k $8.76
− Vacancy −$62.8k −$0.88
EGI $565.4k $7.88
− OpEx −$169.6k −$2.37
NOI $395.8k $5.52
71,720 SF · lease $8.76/SF/yr · vacancy 10.00% · expense 30.00%

Alternative Uses

Best Use
Office B
$18.08M
$15.82M – $21.09M (±1% cap)
NOI $1,265,270 @ 7.0% cap · market cap 25.82%
Second Best
Warehouse
$7.30M
$6.39M – $8.52M (±1% cap)
NOI $511,027 @ 7.0% cap · market cap 10.43%
Theoretical Best
Office A
$22.72M
$19.88M – $26.51M (±1% cap)
NOI $1,590,463 @ 7.0% cap · market cap 32.46%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

FAQs

What type of property is this?
Office building - Two-story office and warehouse building in Hanover Twp, PA.
Where is this office building located?
The property is located at Hanover Twp, PA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Significant income potential: Generates $320,632 in annual tenant rental income.; Substantial space available: Over 30,000 SF available for owner‑use or future tenants.; Large warehouse space: Includes approximately 10,945 SF of warehouse area.
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