Financial
Distress signals
Property profile

623 W Union Blvd Bethlehem, PA 18018

FOR LEASE
Office buildings
Property ID
US73-5877803
6,000 SF 0.68 ac lot Built 1982
Last sale Aug 2021 · $2,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 623 Union Boulevard in Bethlehem, Pennsylvania comprises two separately configured commercial suites on a 0.681-acre lot, each providing street visibility along Union Boulevard and convenient access to major regional routes and business/retail corridors in the Lehigh Valley. Suite 1 contains approximately 1,250 square feet and features renovations, with a layout suitable for professional services including day spa or salon/esthetic uses, medical or counseling-related uses, and

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$31k
Tax billed · 2024
Assessed value$1.09M
Assessed land$214k
Assessed improvement$873k
Effective rate2.84%

Value estimate

· Sep 2026
$2.28M
$2.05M – $2.50M
AI approach$2.35M
NOI build-up
Gross scheduled income$28k
Vacancy & credit loss−$2k
Operating expenses−$10k
NOI · 128,008.33% cap applied$15k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$149/SF
County average, outlier-cleaned · 219 recorded sales of this use type
Observed band · Q1–Q3$94 – $222
Qualifying comparables4

Cap rate analysis

How does the asset earn?
128,008.33%
$15k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
RT
The purpose of this zoning district is to provide for higher density residential neighborhoods with a mix of housing types.
General categoryRESIDENTIAL
JurisdictionLEHIGH

Location intelligence

Which uses thrive at this corner?
Best fit: Veterinary Clinic
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Veterinary Clinic8.7
Pet Grooming Service8.6
Laundry Service8.6

Location

623 W Union Blvd Bethlehem, PA 18018
County assessor Recorded deeds · 4 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
216 Broad, Bethlehem, PA 18018-5518 $500,000 Jul 2025 3,056 SF
1822-1824 Un, Bethlehem, PA 18018 $360,000 Mar 2025 3,067 SF
1825 Market, Bethlehem, PA 18018-4531 $1,200,000 Jul 2022 6,737 SF
616 Broad, Bethlehem, PA 18018-5276 $239,900 Oct 2020 5,196 SF
412 Broad, Bethlehem, PA 18018-5529 $450,000 Jun 2020 3,564 SF
1307 Lehigh, Bethlehem, PA 18018-4802 $200,000 Mar 2019 4,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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?”
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