Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    124 S 3Rd St Coopersburg, PA 18036

    • Car washes
    • 2,928 SF
    • 0.49 lot acres
    For Lease
    View listing
    $115,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1224274
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Car Wash / Car Wash

    Property Details for 124 S 3Rd St

    Lot size
    0.49 lot acres
    Property size
    2,928 SF
    Zone code
    C1
    Property type
    Car washes
    APN
    642357602041-1
    APU
    6423576020411

    Description

    This exceptional 0.77-acre commercial land parcel, located at 124 S 3rd St in Coopersburg, Pennsylvania (zip code 18036, APN 642357602041001), presents a lucrative investment opportunity. Situated on a high-traffic corner of Route 309, this 33,541 square foot lot boasts 197 feet of frontage, ensuring maximum visibility and accessibility. The property currently houses a car wash and laundry, but its C-1 Commercial zoning allows for a wide range of uses, including fast food restaurants, retail stores, drinking establishments, professional offices, and banks. The site benefits from excellent ingress and egress, and its location adjacent to established businesses like Link Beverages and Potts Doggie Shop guarantees consistent foot and vehicle traffic. Daily traffic counts on Route 309 average approximately 38,000 vehicles. The asking price is $115,000 per year for a land lease. Potential lessees are advised to verify intended use with the Coopersburg borough zoning office. This prime location offers unparalleled potential for significant return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Coopersburg
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.3865
    Latitude
    40.5088
    CBSA code
    10900
    CBSA name
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,677
    $191,300
    $136,900
    $328,200
    -
    $191,300
    $136,900
    $328,200

    Comparable in this City

    • Value Estimation
      $585,000
      2,052 SF

      318 3rd St

      SERVICE STATION WITH FOOD MART • 2,052 SF
      318 3rd St, Coopersburg, PA 18036-2112
      View Details
    • Value Estimation
      $1,060,000
      12.62 Acres

      3813 Jacoby Rd

      PARKING LOT • 12.62 Acres
      3813 Jacoby Rd, Coopersburg, PA 18036
      View Details
    • Value Estimation by Request
      0.79 Acres

      202 2nd St

      PARKING LOT • 0.79 Acres
      202 2nd St, Coopersburg, PA 18036
      View Details
    • Value Estimation by Request
      3,040 SF

      239 3rd St, Unit 245

      AUTO REPAIR, GARAGE • 3,040 SF
      239 3rd St, Coopersburg, PA 18036-2109
      View Details
    • Value Estimation
      $780,000
      8,060 SF

      232 Landis St, Unit 238

      AUTO REPAIR, GARAGE • 8,060 SF
      232 Landis St, Coopersburg, PA 18036-1609
      View Details
    • Value Estimation
      $770,000
      1,305 SF

      301 Fairview St, Unit 311

      SERVICE STATION WITH FOOD MART • 1,305 SF
      301 Fairview St, Coopersburg, PA 18036-1512
      View Details

    Similar Nearby for Sale

    • $1,495,000
      4,944 SF

      Coopersburg Retail Investment Opportunity

      High-cash-flow gentleman's club with liquor license.
      111 Station Ave, Coopersburg, PA 18036
      View Details
    • $499,900
      2,565 SF

      Coopersburg Investment Property For Sale

      Three-unit property with commercial space and two apartments in Coopersburg.
      20 S Main St, Coopersburg, PA 18036
      View Details
    • $525,000
      6,656 SF

      Mixed-Use Property with Restaurant

      Three-unit property with retail, residential, and warehouse spaces.
      1463 Limeport Pike, Coopersburg, PA 18036
      View Details
    • $525,000
      6,656 SF

      Versatile Commercial/Residential Property For Sale

      Three-unit property with retail, residential, and warehouse spaces.
      1463 Limeport Pike, Coopersburg, PA 18036
      View Details
    • $825,000
      1,726 SF

      Commercial Property on Route 309

      Commercial property on Route 309 with 2.4 acres and parking.
      343 3Rd St, Coopersburg, PA 18036
      View Details
    • $249,900
      5.80 Acres

      Wooded Lot in Southern Lehigh

      Serene 5.8-acre wooded lot for custom home in Upper Saucon.
      5869 Applebutter Hill Rd, Coopersburg, PA 18036
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      707,502 SF

      Fairmont Village Retail Space Available

      Neighborhood shopping center with anchor and small store space available.
      7001 N Pa Rte 309, Coopersburg, PA 18036
      View Details
    • $590 /Mo
      48,352 SF

      Coopersburg Retail/Office Space Available

      Prime commercial building with frontage on Rt. 309 in Coopersburg.
      202 3Rd St, Coopersburg, PA 18036
      View Details
    • New
      $1,100 /Mo
      63,336 SF

      Coopersburg Boro Commercial Space

      Commercial space with parking in historic Main Street location.
      212 N Main St, Coopersburg, PA 18036
      View Details
    • $50 SF/Yr
      2,504 SF

      Coopersburg Retail Space - 3 Drive-Thrus

      Prime Coopersburg location, 2,504 sq ft, 3 drive-thrus.
      317 Landis St, Coopersburg, PA 18036
      View Details
    • $10 SF/Yr

      Retail Space in Fairmont Village

      Neighborhood shopping center with anchor and small store space available.
      7001 Sf, Coopersburg, PA 18036
      View Details
    • $14 SF/Yr

      Medical Space in Shopping Center

      2,800 SF built-out medical space in Upper Saucon Twp.
      7001 N Pa Rte 309, Coopersburg, PA 18036
      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.
    124 S 3Rd St
    Coopersburg, PA 18036
    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.