Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    48 Ctr Sq Cir Easton, PA 18042

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    48 Ctr Sq Cir Easton, PA 18042

    View on Map
    • Retail properties & Spaces
    • 2,806 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 48 Ctr Sq Cir

    Year built
    1900
    Property size
    2,806 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 2,806 square foot retail property, located at 48 Centre Square Circle in Easton, Pennsylvania's vibrant downtown, presents a unique redevelopment opportunity. Currently operating as a 100% occupied H&R Block tax office under a NNN lease with one year remaining until May 1, 2026, this single-unit building offers significant potential. Built in 1900 and renovated in 2010, the property sits on a 2,880 square foot lot and boasts a flexible BE (Business/Entertainment) zoning designation. This allows for a wide range of uses, including mixed-use development incorporating residential, retail, office, or restaurant spaces. The asking price is $1,300,000, translating to $463.29 per square foot. Situated in the heart of Easton's thriving downtown, experiencing substantial growth and development, this property offers a rare chance to acquire a strategically located asset in a dynamic and highly desirable area. The one-story building presents a blank canvas for creative vision and entrepreneurial endeavors. Don't miss this chance to be part of Easton's exciting future.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Easton
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.2094
    Latitude
    40.6914

    Comparable in this City

    • Value Estimation by Request
      1,815 SF

      50 Ctr Sq Cir

      Individual retail properties • 1,815 SF
      50 Ctr Sq Cir, Easton, PA 18042
      View Details
    • Value Estimation by Request
      1,500 SF

      119 Northampton St

      Individual retail properties • 1,500 SF
      119 Northampton St, Easton, PA 18042
      View Details
    • Value Estimation by Request
      3,412 SF

      252 Spring Garden St

      Lifestyle centers • 3,412 SF
      252 Spring Garden St, Easton, PA 18042
      View Details
    • Value Estimation by Request
      11,285 SF

      411-419 Northampton St

      Restaurants • 11,285 SF
      411-419 Northampton St, Easton, PA 18042
      View Details
    • Value Estimation by Request
      2,694 SF

      394 Berwick St

      FINANCIAL BUILDING • 2,694 SF
      394 Berwick St, Easton, PA 18042-6558
      View Details
    • Value Estimation by Request
      3,987 SF

      61 3rd St

      FINANCIAL BUILDING • 3,987 SF
      61 3rd St, Easton, PA 18042-3642
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,285 SF

      Downtown Easton Building with Potential

      Two-story building in downtown Easton with redevelopment potential.
      411-419 Northampton St, Easton, PA 18042
      View Details
    • New
      $950,000
      Pending

      Easton Laundromat with Apartment Income

      Three-unit laundromat with two apartments on heavily traveled street.
      1811 Butler St, Easton, PA 18042
      View Details
    • $1,450,000
      8,382 SF

      Easton Mixed-Use Investment Opportunity

      Four-story building with businesses and apartments in downtown Easton.
      425 Northampton St, Easton, PA 18042
      View Details
    • Contact for pricing
      10,000 SF

      Mixed-Use Property with Commercial Kitchen

      Mixed-use commercial property with income and commercial kitchen in Easton.
      1707 Washington Blvd, Easton, PA 18042
      View Details
    • $350,000
      1,200 SF

      Mixed-Use Property in Easton, PA

      Two-unit mixed-use property with retail and residential spaces.
      1303 Northampton St, Easton, PA 18042
      View Details
    • New
      $399,900
      2,500 SF

      Mixed-Use Property in Easton, PA

      Mixed-use property with apartments and storefronts in Easton, PA.
      37 7Th St, Easton, PA 18042
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,550 SF

      Retail Property with Drive-Thru Potential

      Retail property with existing building and drive-thru opportunity.
      2201 Northampton St, Easton, PA 18042
      View Details
    • $1,100 /Mo
      5,881 SF

      Easton Commercial Space For Rent

      Highly visible corner lot with natural light and parking.
      161 W Berwick St, Easton, PA 18042
      View Details
    • $850 /Mo
      3,006 SF

      Commercial Studio Unit with Garages

      Commercial studio unit with two garages in downtown Easton.
      803 W Walnut St, Easton, PA 18042
      View Details
    • Contact for pricing
      94,090 SF

      Easton, PA Commercial Land Opportunity

      2.16-acre Highway Commercial lot, prime location.
      280 Cedarville Rd, Easton, PA 18042
      View Details
    • $1,500 /Mo
      17,424 SF

      Retail Space in Easton, PA

      800 SF retail space in Piscitello's Home Center.
      2300 Wood Ave, Easton, PA 18042
      View Details
    • $1,150 /Mo
      1,699 SF

      Retail Spaces in West Easton

      Two retail spaces available for lease in West Easton.
      704 East St, Easton, PA 18042
      View Details
    Request Owner's contact information
    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.
    48 Ctr Sq Cir
    Easton, PA 18042
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!