Property profile

1720 Spillman Dr Bethlehem, PA 18015

OFF-MARKET
Office Spaces
Property ID
US73-2785733
41,246 SF 3.99 ac lot Built 2009
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,902 square foot creative office suite is situated on the second floor of a LEED Gold Certified Class A office building in South Bethlehem, Pennsylvania. Built in 2009, the building boasts a total of 41,246 square feet across two stories, offering a spacious and modern workspace. The suite itself features an open and airy layout, enhanced by floor-to-ceiling windows that flood the space with natural light. Convenient amenities are included within the suite, such as a dedicated break room and a well-equipped IT/electrical room. The property sits on a 4.36-acre lot (173,804 square feet) and is zoned HI. With 150 total parking spaces available, ample parking is guaranteed for employees and visitors. This single-tenant occupancy building is located in a highly desirable area of South Bethlehem, offering easy access to a variety of nearby amenities and convenient highway access for seamless commuting. The property's prime location and modern features make it an ideal space for businesses seeking a productive and inspiring work environment. The building's impressive LEED Gold certification underscores its commitment to sustainability and energy efficiency. This is a rare opportunity to secure a high-quality office space in a thriving Bethlehem location.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2009
Total area 41,246 SF
Lot 3.99 ac (173,804 SF)
Zoning code HI
APN P7 6 6H-10 0204
UPID US73-2785733

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Engineering Consultant Architecture Firm
  • Engineering Consultant Civil Engineer
  • Wellness Program Health Consultant
  • Architect

Location

1720 Spillman Dr Bethlehem, PA 18015-2164
Bethlehem metro Census 11300 ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$6.43M
Comparable Approach Comparable
$5.46M
Blend (final) Blend
$5.58M

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

Zoning & alternative use

HI · Bethlehem, PA
Top alternative use upside
Retail stores $6.6M +69.4%
Medical building $6.3M +61.5%
Apartment house (5+ units) $5.2M +33.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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