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3865 Adler Pl Bethlehem, PA 18017-9075

Office Spaces Google Maps
15,473 SF 2.43 ac lot Built 1985
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$2.17M
Range $1.95M – $2.39M (±10%)
Property ID US73-6009777

Property summary

AI-generated overview

This exceptional two-story, 15,473-square-foot Class B office building, located at 3865 Adler Place in Northampton County, presents a unique opportunity for businesses seeking flexible and modern workspace. Built in 1985 and extensively renovated in 2022, the property boasts a contemporary design and efficient layout. The building features a shared main entrance with a welcoming reception area on the ground floor, easily accessible via elevator or stairs to the second floor. Currently, there is significant vacant space available, ranging from a minimum of 2,560 contiguous square feet to a maximum of 6,695 contiguous square feet. A substantial 9,580 square feet is immediately available for lease. The building is zoned for commercial use and includes ample parking, a significant advantage in its industrial park setting. The property offers a tenant improvement allowance, allowing prospective tenants to customize their space to perfectly meet their specific needs. This is an excellent opportunity to secure high-quality office space in a well-maintained building with modern amenities. The property features two suites in total, and the APN is M6-15-10P. This is a prime location for businesses seeking a blend of functionality and modern aesthetics. The available space offers the flexibility to accommodate a variety of business sizes and configurations. Don't miss this chance to establish your business in this desirable location.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1985
Total area 15,473 SF
Lot 2.43 ac (105,851 SF)
Zoning code P1BD
APN M6 15 10P 0214
UPID US73-6009777

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
  • Bank Credit Union
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Big Box & Wholesale Store
  • Community Health Centre

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.18M
CAP Approach CAP
$2.41M
Comparable Approach Comparable
$2.73M
Blend (final) Blend
$2.17M

Owner & transaction history

since 2021
Last sale
$2.1M
5 recorded transactions
2021
$2.1M
2005
$1.1M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

P1BD · Bethlehem, PA
Top alternative use upside
Retail stores $2.6M +17.8%
Medical building $2.4M +7.1%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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