Entity Owned 
For Lease
$17 SF/Yr
1 South 3Rd St, Easton, PA 18017
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Property summary
AI-generated overview
This first-floor commercial suite is approximately 5,300 square feet and is located in the historic Alpha Building at the corner of Center Square and South 3rd Street in downtown Easton. The suite features dramatic two-story ceilings rising to about 20 feet, floor-to-ceiling windows, and finished ceiling heights ranging from roughly 8 feet to 20 feet. The interior is fully built out with an open-plan layout, a dedicated conference room, exposed ceilings, accent lighting, and central air conditioning and heating. The space is configured with Wi‑Fi readiness, and it has been used to support office/professional services, media and creative uses, and experiential retail or tourism-oriented activities. The suite may have optional furnishings available. The building is positioned within a walkable downtown area (Walk Score 90), with nearby access to Easton’s restaurant scene, the Crayola Experience, the State Theatre, and the Delaware River waterfront.
Property profile
Verified
Property type
Other office properties
Use group
OFFICE (GENERAL)
Year built
1900
Total area
74,039 SF
Lot
0.22 ac (9,600 SF)
Zoning code
BRT
APN
L9SE2A 17 5 0310
UPID
US73-0400839
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
-
Architect
-
Law Firm
-
City Government Office
-
Corporate Office
-
Real Estate Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.54M
Comparable Approach
Comparable
$12.43M
Blend (final)
Blend
$915k
Owner & transaction history
since 2013
6 recorded transactions
Zoning & alternative use
BRT · Easton, PA
Top alternative use upside
Medical building
$11.3M
+23.4%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$915k
Value range
$824k – $1.01M
±10% around blend
Estimated value / SF
$12 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$824k
blend $915k
$1.01M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
74,039 SF
Lot area
0.22 ac
Year built
1900
APN
L9SE2A 17 5 0310
Zoning
BRT
Assessed value
$1,617,400
Annual tax
$167,789
3
Income approach: direct capitalization
Partial preview
Income approach indication
$11.54M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$12.50M
@ 6.5% CAP return
$11.54M
@ 7% CAP return
$10.71M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$167,789
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$12.43M
Range $5.33M – $13.42M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$915k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 94 sales
$124
-90%
Submarket 116 sales
$125
-90%
County 394 sales
$111
-89%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $12/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+23%
vs current-use indication
Commercial (general) · current use
Restaurant
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$785k
Move the market yield to see immediate price impact.
Value / SF
$11
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$49k
$990k
$707k
$550k
$55k
$1.10M
$785k
$611k
$60k
$1.21M
$864k
$672k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$167,789
Tax year 2024
Assessed value
$1,617,400
Assessed 2024
Previous assessed
$1,608,200
+0.6% YoY
Effective rate
10.37%
On assessed value
Assessed land
$113,900
Assessed improvement
$1,503,500
Land market value
$227,800
Improvement market value
$3,007,000
Total market value
$3,234,800
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other office properties
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1900
Heating
YES
Cooling
CENTRAL
Total area
74,039 SF
Lot
0.22 ac (9,600 SF)
Zoning code
BRT
APN
L9SE2A 17 5 0310
UPID
US73-0400839
Jurisdiction
NORTHAMPTON
Zoning & alternative use
BRT · Easton, PAZoning BRT · permitted uses
BRT · Easton, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Heating
YES
Cooling
Yes
Lot
0.22 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BRT
Jurisdiction
Easton, PA
Recorded code
BRT
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BRT in Easton, PA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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