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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    580 S Broad St Nazareth, PA 18064

    • Turn key restaurants
    • 2,485 SF
    • 0.39 lot acres
    For Lease
    View listing
    $23 SF/Yr
    Value Estimations
    $345,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-5700521
    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.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 580 S Broad St

    Year built
    1989
    Lot size
    0.39 lot acres
    Property size
    2,485 SF
    Zone code
    LI
    Property type
    Turn key restaurants
    APN
    K7NE2A 4 16A 0421
    APU
    K7NE2A416A0421

    Description

    This exceptional 2,485-square-foot retail space, located at 580 S Broad St in Nazareth, Pennsylvania, presents a unique investment opportunity. The property, built in 1989 and extensively renovated in 2021, sits on a 0.39-acre lot and boasts a single-tenant occupancy. Currently vacant, the space offers significant potential for a variety of uses. Previously occupied by a Pizza Hut restaurant, the building requires some renovation to suit a new tenant's needs. However, its adaptable layout makes it suitable for a range of businesses, including restaurants (pizza, BBQ, Asian cuisine, etc.), or even conversion to medical or professional office space. A key advantage is the dedicated parking lot providing 35 spaces, ensuring ample customer and employee parking. The property is zoned 21LI within Northampton County and features one single-story building. The APN is K7NE2A-4-16A-0421. This high-visibility location in Nazareth, PA (zip code 18064) offers excellent accessibility and strong potential for attracting a diverse clientele. Don't miss this chance to acquire a versatile commercial property in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $392,000
      Market price range: $112k - $497k
      AI Estimate
      $289,000
      Market price range: $117k - $296k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $280,000
      Current use
      MEDICAL BUILDING
      $380,000
      Change: +36% Conversion: Difficult
      RETAIL STORES
      $330,000
      Change: +18% Conversion: Easy
      AUTO REPAIR, GARAGE
      $260,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Nazareth
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.3098
    Latitude
    40.7332
    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
    $8,923
    $41,000
    $63,600
    $104,600
    -
    $82,000
    $127,200
    $209,200

    Comparable in this City

    • Value Estimation
      $1,355,000
      10,820 SF

      997 Bushkill Ctr Rd

      RESTAURANT • 10,820 SF
      997 Bushkill Ctr Rd, Nazareth, PA 18064-9548
      View Details
    • Value Estimation
      $325,000
      1,945 SF

      5684 Sullivan Trl

      RESTAURANT • 1,945 SF
      5684 Sullivan Trl, Nazareth, PA 18064-9265
      View Details
    • Value Estimation
      $725,000
      7,524 SF

      398 Broad St Ext

      RESTAURANT • 7,524 SF
      398 Broad St Ext, Nazareth, PA 18064-9522
      View Details
    • Value Estimation
      $385,000
      7,378 SF

      581 Broad St

      RESTAURANT • 7,378 SF
      581 Broad St, Nazareth, PA 18064-3004
      View Details
    • Value Estimation
      $390,000
      4,338 SF

      570 Nazareth Pike

      RESTAURANT • 4,338 SF
      570 Nazareth Pike, Nazareth, PA 18064-8400
      View Details
    • Value Estimation
      $465,000
      6,384 SF

      6221 Sullivan Trl

      RESTAURANT • 6,384 SF
      6221 Sullivan Trl, Nazareth, PA 18064-9338
      View Details

    Similar Nearby for Sale

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      6,300 SF

      Renovated Nazareth Mixed-Use Commercial Property

      Multi-unit property with restaurant and apartment in prime Nazareth location.
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    • $1,287,500
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      Iconic Restaurant with Redevelopment Potential

      Well-established restaurant with real estate, liquor license, and equipment included.
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      Renovated Nazareth Mixed-Use Commercial Property

      Fully renovated mixed-use property with restaurant and apartment in Nazareth.
      127 S Broad St, Nazareth, PA 18064
      View Details
    • $2,150,000
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      Nazareth Restaurant & Apartments

      Turnkey Restaurant with Residential Income
      550 Main St, Nazareth, PA 18064
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    • Contact for pricing
      3.44 Acres

      Nazareth Retail Space For Lease

      High-traffic location, flexible space available.
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    • $699,000
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      Downtown Nazareth Retail Opportunity

      Prime .3-acre retail land, high visibility.
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    Similar Nearby for Lease

    • $23 SF/Yr

      Restaurant/Retail Space in Nazareth Boro

      Located on main corridor, perfect for restaurant or retail.
      580 S Broad St, Nazareth, PA 18064
      View Details
    • Contact for pricing
      2,485 SF

      Nazareth Retail Space - High Visibility

      Prime Nazareth location, 2,485 sq ft, ample parking.
      580 Broad St, Nazareth, PA 18064
      View Details
    • Contact for pricing
      12,000 SF

      Proposed Strip Center Near Wawa

      Proposed 12,000 SF strip center in growing Nazareth.
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      View Details
    • $11 SF/Yr
      1,225 SF

      Nazareth Medical Office Space

      1,225 SF Medical Office Suite Available
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      View Details
    • $8 SF/Yr
      67,366 SF

      Nazareth Flex Space Available

      ±20,000 SF Warehouse, Immediate Occupancy
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      View Details
    • Contact for pricing

      Commercial Land on Jandy Boulevard

      Commercial land for rent in Nazareth, PA.
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      View Details
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    Nazareth, PA 18064
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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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