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Property profile & analytics
FOR LEASE
Office Spaces
1005 Harvard Ave Bethlehem, PA 18015
Individually Owned
1-yr Hold
Free & Clear
Property ID
US73-3737498
For Lease
$3,530,000
1005 Harvard Ave, Bethlehem, PA 18015
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2017
Total area
8,066 SF
Lot
2.91 ac (126,760 SF)
Zoning code
H1
APN
P7 14 1B-1 0204
UPID
US73-3737498
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Fresenius Kidney Care Southside Dialysis Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.53M
Owner & transaction history
Exchangeright Net Leased Portfolio · 1 yrs held
Exchangeright Net Leased Portfolio
since 2024
Last sale
$3.5M
5 recorded transactions
Zoning & alternative use
H1 · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bethlehem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bethlehem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,530,000
ML approach
$3,530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.53M
Range $3.18M – $3.88M · ±10% · vs last sale $3.53M (Dec 19 2024)
Last sale anchor
$3.53M
Dec 19 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$438 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$21,205
Tax year 2024
Assessed value
$239,900
Assessed 2024
Previous assessed
$207,200
+15.8% YoY
Effective rate
8.84%
On assessed value
Assessed land
$43,700
Assessed improvement
$196,200
Land market value
$87,400
Improvement market value
$392,400
Total market value
$479,800
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2017
Heating
YES
Cooling
CENTRAL
Total area
8,066 SF
Lot
2.91 ac (126,760 SF)
Zoning code
H1
APN
P7 14 1B-1 0204
UPID
US73-3737498
Jurisdiction
NORTHAMPTON
Zoning & alternative use
H1 · Bethlehem, PA
Zoning H1 · permitted uses
H1 · Bethlehem, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bethlehem. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2017
Heating
YES
Cooling
Yes
Lot
2.91 ac
Current owner
From public records · entity-resolved
Exchangeright Net Leased Portfolio
Individual
Free & Clear · 1 yrs held
Mailing address
1055 E COLORADO BLVD STE #310, PASADENA, CA 91106-2374
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2024
—
Exchangeright Net Leased Portfolio
Exchangeright Net Leased Portfolio
Deed
related
—
Nov 29, 2017
—
Exchangeright Net Leased Po 18
Exchangeright Net Leased Po 18
Quit Claim Deed
$33,441,294 · Bank Of America
Nov 20, 2017
$3,529,283
Exchangeright Net Leased Po 18
Hill Valley LLC
Trustees Deed
$33,441,294 · Bank Of America
Jan 23, 2017
—
Hill Valley LLC
Hill Valley LLC
Deed
related
$2,045,000 · M & T Bank
Oct 20, 2016
$375,000
Hill Valley LLC
Lehigh Valley Indl Park INC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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