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    3962 Portland St Coplay, PA 18037-2224

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    3962 Portland St Coplay, PA 18037-2224

    View on Map
    • Warehouses
    • 43,305 SF
    • 2.17 lot acres
    Off-Market
    Last Sale Feb 1, 2025
    $3,100,000
    Property ID
    US73-0167280
    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
    $2,690,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 3962 Portland St

    Year built
    1920
    Lot size
    2.17 lot acres
    Property size
    43,305 SF
    Zone code
    ME-I
    Property type
    Warehouses
    APN
    547984239779-1
    APU
    5479842397791

    Description

    This exceptional investment opportunity presents a 43,135-square-foot industrial warehouse located at 3962 Portland St, Coplay, Pennsylvania, 18037. The property, built in 1920 and extensively renovated in 2024, sits on a 2.1-acre lot and is zoned ME/I (Mineral Extraction/General Industrial). The single-building warehouse boasts three loading docks and three dock-high doors, facilitating efficient operations. The interior features a 16-foot ceiling height, providing ample storage and operational space. Currently owner-occupied, this Class C warehouse is offered for sale with a leaseback agreement in place. The sale includes a new 15-year absolute NNN lease, providing a secure and predictable income stream for the buyer. The asking price is $3,200,000, representing an attractive 8.00% capitalization rate. This presents a compelling opportunity for investors seeking a stable, long-term investment in a well-maintained industrial property with a strong tenant in place. The property's strategic location in Lehigh County, Pennsylvania, offers convenient access to major transportation routes and a robust industrial market. The leaseback structure minimizes vacancy risk and provides immediate cash flow. This is a rare opportunity to acquire a high-quality industrial asset with a significant return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,003,000
      Market price range: $2.00M - $6.46M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,135,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Coplay
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.5515
    Latitude
    40.6696
    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
    $12,735
    $97,200
    $512,700
    $609,900
    -
    $97,200
    $512,700
    $609,900

    Comparable in this City

    • Value Estimation
      $875,000
      7,870 SF

      3947 Portland St

      WAREHOUSE, STORAGE • 7,870 SF
      3947 Portland St, Coplay, PA 18037-2225
      View Details
    • Value Estimation by Request
      2,615 SF

      219 5th St, Unit 225

      MINI-WAREHOUSE, STORAGE • 2,615 SF
      219 5th St, Coplay, PA 18037-1014
      View Details
    • Value Estimation
      $670,000
      6,000 SF

      280 2nd St

      WAREHOUSE, STORAGE • 6,000 SF
      280 2nd St, Coplay, PA 18037
      View Details
    • Value Estimation
      $505,000
      13,554 SF

      3217 Levans Rd

      MINI-WAREHOUSE, STORAGE • 13,554 SF
      3217 Levans Rd, Coplay, PA 18037-2158
      View Details
    • Value Estimation by Request
      4,154 SF

      3207 Sand Spg Rd

      STORAGE YARD (JUNK, SALVAGE) • 4,154 SF
      3207 Sand Spg Rd, Coplay, PA 18037
      View Details
    • Value Estimation
      $590,000
      17,300 SF

      331 2nd St

      WAREHOUSE, STORAGE • 17,300 SF
      331 2nd St, Coplay, PA 18037
      View Details

    Similar Nearby for Sale

    • New
      $149,500
      2.23 Acres

      Scenic Parkland School District Lot

      2+ acre partially wooded lot in North Whitehall Township.
      4760 Mulberry St, Coplay, PA 18037
      View Details
    • New
      $87,500
      0.40 Acres

      Residential Lot in Parkland School

      Residential lot in North Whitehall Twp with city water hookup.
      3917 Buchanan St, Coplay, PA 18037
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo

      Versatile Commercial Space Available

      Expansive commercial space with open layout, ideal for various uses.
      4119 Mauch Chunk Rd, Coplay, PA 18037
      View Details
    • Contact for pricing

      Coplay Warehouse/Office Space Available

      Warehouse/office space with drive-in door and ample parking.
      155 N 9Th St, Coplay, PA 18037
      View Details
    • $7 SF/Yr
      30,405 SF

      Coplay Warehouse Space For Lease

      Warehouse space with 12' ceilings, drive-in door, and parking.
      155 9Th St, Coplay, PA 18037
      View Details
    • $1,500 /Mo

      Adaptable Commercial Space For Rent

      Versatile commercial space suitable for retail, office, or studio.
      4119 Mauch Chunk Rd, Coplay, PA 18037
      View Details
    • $12 SF/Yr

      Coplay Boro Commercial Space Available

      Commercial space suitable for medical, office, retail, or childcare use.
      52 N 2Nd St, Coplay, PA 18037
      View Details
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    Coplay, PA 18037-2224
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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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    3962 Portland St, Coplay, PA, 18037

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