Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    22 S Commerce Way Bethlehem, PA 18017
    Back to Search
    Property profile & analytics

    22 S Commerce Way Bethlehem, PA 18017

    View on Map
    • Industrial properties
    • 60,400 SF
    • 4.84 lot acres
    For Lease
    $12 SF/Yr
    View Listing →
    Warehouse and Flex Space Available For Lease
    $12 SF/Yr
    60,400 SF

    Warehouse and Flex Space Available

    Centrally located warehouse and flex space with high ceilings.

    22 S Commerce Way, Bethlehem, PA 18017
    View Listing
    Property ID
    US73-2886645
    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

    • Oak Hill Controls / Industrial Manufacturer / Production Facility
    • Romik / Industrial Manufacturer / Production Facility
    • Iron Hill Construction Management / Construction Company / General Contractor

    Property Details for 22 S Commerce Way

    Year built
    1990
    Lot size
    4.84 lot acres
    Property size
    60,400 SF
    Zone code
    PIBD
    Property type
    Industrial properties
    APN
    M6 15 69 0214
    APU
    M615690214

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,716,000
      Market price range: $3.16M - $8.75M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethlehem
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.3749
    Latitude
    40.6741
    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
    $80,657
    $169,400
    $937,000
    $1,106,400
    -
    $338,800
    $1,874,000
    $2,212,800

    Comparable in this City

    • Value Estimation
      $6,535,000
      112,726 SF

      126 Commerce Way

      INDUSTRIAL PARK • 112,726 SF
      126 Commerce Way, Bethlehem, PA 18017-8614
      View Details
    • Value Estimation
      $7,855,000
      99,540 SF

      2198 Industrial Dr

      INDUSTRIAL (GENERAL) • 99,540 SF
      2198 Industrial Dr, Bethlehem, PA 18017-2162
      View Details
    • Value Estimation
      $660,000
      11,804 SF

      6464 Ruch Rd

      INDUSTRIAL PARK • 11,804 SF
      6464 Ruch Rd, Bethlehem, PA 18017-9360
      View Details
    • Value Estimation
      $4,045,000
      68,870 SF

      77 Commerce Way

      INDUSTRIAL PARK • 68,870 SF
      77 Commerce Way, Bethlehem, PA 18017-8891
      View Details
    • Value Estimation
      $5,160,000
      93,872 SF

      34 Commerce Way

      INDUSTRIAL PARK • 93,872 SF
      34 Commerce Way, Bethlehem, PA 18017
      View Details
    • Value Estimation
      $3,515,000
      42,350 SF

      3184 Airport Rd

      INDUSTRIAL (GENERAL) • 42,350 SF
      3184 Airport Rd, Bethlehem, PA 18017-2140
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      63,700 SF

      Class A Flex Building

      Single-story flex building in business park with easy highway access.
      90 S Commerce Way, Bethlehem, PA 18017
      View Details
    • Contact for pricing

      Light Industrial Portfolio Opportunity

      Light industrial property with easy access to major routes.
      87 S Commerce Way, Bethlehem, PA 18017
      View Details
    • Contact for pricing
      51,400 SF

      Bethlehem Industrial Building For Sale

      51,400 SF industrial building with easy highway access.
      1560 Valley Center Pkwy, Bethlehem, PA 18017
      View Details
    • Contact for pricing
      43,400 SF

      Bethlehem Flex Space Opportunity

      Flex space available in Bethlehem, Pennsylvania with easy highway access.
      1550 Valley Center Pkwy, Bethlehem, PA 18017
      View Details
    • Contact for pricing
      11,930 SF

      Industrial Property with Warehouse and House

      2.93 acres with warehouse and house near US-22.
      4554 Bath Pike, Bethlehem, PA 18017
      View Details
    • Contact for pricing
      6,256 SF

      Bethlehem Office Space For Sale

      Office space in Lehigh Valley Corporate Center.
      1655 Valley Center Pkwy, Bethlehem, PA 18017
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      117,000 SF

      Transit-Oriented Industrial Property For Sale

      Industrial property with highway frontage in a transit-oriented location.
      2260 Industrial Dr, Bethlehem, PA 18017
      View Details
    • $12 SF/Yr
      48,208 SF

      Flex Space with Office Areas

      Flex space featuring high ceilings, office areas, and conference rooms.
      1510 Valley Center Pkwy, Bethlehem, PA 18017
      View Details
    • $14 SF/Yr
      48,208 SF

      Office and Flex Suites Available

      Multi-tenant office building with flex suites for rent.
      1510 Valley Center Pkwy, Bethlehem, PA 18017
      View Details
    • $1,500 /Mo
      13,460 SF

      Remodeled Cafe/Lounge on Main Street

      Recently remodeled cafe/lounge space for lease on Main Street.
      30 Main St, Bethlehem, PA 18017
      View Details
    • $12 SF/Yr
      60,400 SF

      Warehouse and Flex Space Available

      Centrally located warehouse and flex space with high ceilings.
      22 S Commerce Way, Bethlehem, PA 18017
      View Details
    • Contact for pricing
      63,700 SF

      Flex Space Near Route 512

      Move-in ready flex space with recent upgrades and ample parking.
      90 S Commerce Blvd, Hanover Twp, PA 18017
      View Details
    View Listing
    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.
    22 S Commerce Way
    Bethlehem, PA 18017
    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

    Thank You for Inquiry
    22 S Commerce Way, Bethlehem, PA, 18017
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!