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Property profile & analytics

119 Technology Dr Bethlehem, PA 18015-1327

  • Office Properties & Spaces
  • 44,592 SF
  • 3.95 lot acres
OFF-MARKET
Value Estimation
$5,560,000
Last Sale
Dec 06, 2024
$5,525,000
Location Intelligence
Property ID
US73-0205356
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

  • IQE Inc. / Business Center

Property Details for 119 Technology Dr

Year built
1993
Lot size
3.95 lot acres
Property size
44,592 SF
Zone code
HI
Property type
Office Properties & Spaces
APN
P6 2 2F 0204
APU
P622F0204

Description

This exceptional 48,000-square-foot Class B industrial manufacturing facility, built in 1993, is situated on a 4-acre lot in Bethlehem, Pennsylvania (zip code 18015). The single-story building features 18'-22' ceiling heights and boasts three loading docks, making it ideal for efficient operations. The property is zoned IR (Industrial Redevelopment District) and includes a small mezzanine office area accessible by elevator. Utilities include public water/sewer, natural gas heating, and substantial power: 2000 Amps, 480 Volt, 3-Phase Heavy, with 1 DC and 2 AC power sources. Four on-site backup generators and two UPS battery backups ensure reliable power. The facility is well-equipped with 32 clean rooms, perfect for research and development, along with a machine shop, five conference rooms, a large breakroom, employee lockers, and showers. Ample parking is available. The property offers convenient access to major highways and Lehigh Valley International Airport, providing easy access to major northeastern metropolitan areas. Recent interior renovations, most notably in 2016, have maintained the building's high standard. Two points of ingress/egress are available via Technology Drive and E. 2nd Street. The property's location in South Bethlehem places it near Lehigh University, Ben Franklin Technology Partners, and Orasure Technology.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $5,525,000
  • CAP approach

    CAP return
    Estimation
    6%
    $5,240,000
    6.5%
    $6,050,000
    7%
    $5,125,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $5,995,000
    Geo Method
    $4,950,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $6,045,000
    Retail
    $6,280,000
    Mixed-Use
    $5,570,000
    Hospitality
    $6,030,000
    Educational
    $5,835,000
    Residential Income
    $6,570,000
    Energy
    $5,225,000
    Income-Based Land
    $6,225,000
    Food Service
    $5,860,000

Location Insight

  • Map
  • Local Demand
City
Bethlehem
County
Northampton
State
Pennsylvania
Longitude
-75.3778
Latitude
40.6135
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
$112,892
$59,300
$1,217,900
$1,277,200
-
$118,600
$2,435,800
$2,554,400
More about this property
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