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    1800 Sullivan Trl Easton, PA 18040
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    Property profile & analytics

    1800 Sullivan Trl, Easton, PA 18040

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    • Investment properties
    • 93,911 SF
    • 10.54 lot acres
    For Lease
    $7,920,000
    View Listing →
    Commercial and Retail Center For Lease
    $7,920,000
    100,000 SF

    Commercial and Retail Center

    Commercial and retail center in the heart of Forks Township.

    1800 Sullivan Trail, Easton, PA 18040
    View Listing
    Property ID
    US73-3974376
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chyshkevych Iryna MD / Physician
    • Sunny Side Up / Restaurant
    • Trail Trimmers Salon / Hair Salon / Nail Salon
    • Dr. Steven Melnic / Dental Office
    • Park Plaza Senior Community Center / Housing Society

    Property Details for 1800 Sullivan Trl

    Year built
    1988
    Lot size
    10.54 lot acres
    Zone code
    GB
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    K9 14 14B 0311
    APU
    K91414B0311

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 1, 2011 — Rb Park Plaza-i LLC One Up LLC Grant Deed · related —
    Jul 6, 2011 $2,200,000 R B Park Plaza LLC One Up LLC Grant Deed —
    — — One Up LLC — Deed Of Trust · related $151k · Bohler Engineering INC

    Description

    This exceptional 435,600 square foot commercial land parcel presents a unique build-to-suit opportunity in the thriving Forks Township. Situated on a heavily trafficked section of Sullivan Trail, this fully improved level pad site benefits from a signalized intersection and high visibility. The property enjoys a prime location directly in front of a nearly fully leased upscale retail center, offering a diverse range of activity centers and attracting significant foot traffic. Its proximity to the busy Forks Township Municipal Park, complete with a community center and numerous ball fields, further enhances its appeal. The location also benefits from its convenient access to College Hill and Lafayette College, making it an attractive site for a variety of retail uses. The site's strategic location provides easy access to major highways including Routes 22, 78, 33, and 248, connecting it seamlessly to the bustling Lehigh Valley and Downtown Easton. The landlord is prepared to construct a building to suit the needs of qualified applicants, making this a truly exceptional opportunity for businesses seeking a high-impact location in a densely populated and affluent area of Northampton County. This is a rare chance to establish a presence in a dynamic and rapidly growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,842,000
      Market price range: $6.66M - $17.1M
      AI Estimate
      $5,392,000
      Market price range: $3.64M - $7.55M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $11,745,000
      Current use
      RESTAURANT
      $10,515,000
      Change: -10% Conversion: Difficult
      RETAIL STORES
      $9,685,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Easton
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.2228
    Latitude
    40.7167
    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
    $179,980
    $375,100
    $1,679,000
    $2,054,100
    -
    $750,200
    $3,358,000
    $4,108,200

    Comparable in this City

    • Value Estimation by Request
      7,747 SF

      1530 Sullivan Trl

      STORE/OFFICE (MIXED USE)
      1530 Sullivan Trl, Easton, PA 18040-8385
      View Details
    • Value Estimation
      $570,000
      5,328 SF

      2149 Bushkill Park Dr

      STORE/OFFICE (MIXED USE)
      2149 Bushkill Park Dr, Easton, PA 18040-2200
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    • Value Estimation by Request
      3,567 SF

      302 Old Ml Rd

      STORE/OFFICE (MIXED USE)
      302 Old Ml Rd, Easton, PA 18040-1126
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      1210 Knox Ave

      STORE/OFFICE (MIXED USE)
      1210 Knox Ave, Easton, PA 18040-8322
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      9,290 SF

      5288 Delaware Dr

      STORE/OFFICE (MIXED USE)
      5288 Delaware Dr, Easton, PA 18040-6334
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    • Value Estimation by Request
      4,608 SF

      3401 Sullivan Trl

      OFFICE/RESIDENTIAL (MIXED USE)
      3401 Sullivan Trl, Easton, PA 18040-7623
      View Details

    Similar Nearby for Sale

    • $845,000

      Retail Property on Corner Lot

      Corner retail property with high traffic and multi-use potential.
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      Retail Space in Weis Center

      Retail space available in a Weis Markets anchored shopping center.
      3825 Sullivan Trl, Forks Township, PA 18040
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    • $114,800
      0.28 Acres

      Residential Building Lot in Forks

      Great rectangular building lot with utilities in Forks Township, PA.
      Cottage St, Forks Twp, PA 18040
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      Easton Commercial Property for Sale

      Commercial property available for purchase in Easton, Pennsylvania.
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    Similar Nearby for Lease

    • Contact for pricing
      11,740 SF

      Retail Pads Available For Rent

      Retail property for rent with high population density nearby.
      1508 Sullivan Trl, Easton, PA 18040
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      20,000 SF

      Easton Industrial Space for Lease

      223,200 SF industrial building with convenient highway access.
      600 Kuebler Rd, Easton, PA 18040
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      Retail End Cap Space Available

      Retail space available for lease.
      3825 Sullivan Trl, Easton, PA 18040
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    • Contact for pricing

      Easton PA Flex Space Available

      Flex, industrial, and office spaces for rent in Easton, PA.
      1350 Sullivan Trl, Easton, PA 18040
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      Commercial and Retail Center

      Commercial and retail center in the heart of Forks Township.
      1800 Sullivan Trl, Easton, PA 18040
      View Details
    • Contact for pricing
      475,800 SF

      Easton Warehouse Distribution Space

      475,800 SF warehouse space available for lease in Easton.
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    View Listing
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    Easton, PA 18040
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    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
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