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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Retail space
101 Founders Way Bethlehem, PA 18015-1347
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-4081553
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2011
Total area
67,506 SF
Lot
1.09 ac (47,480 SF)
Zoning code
HI
APN
P6 2 2-10B 0204E
UPID
US73-4081553
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
-
Frank Banko Alehouse Cinemas Cinema Theater & Performing Art Venue
-
ArtsQuest Center at SteelStacks Theater & Performing Art Venue
-
Musikfest Café Theater & Performing Art Venue Music Venue
-
SteelStacks Tourist Attraction Cultural Center
-
Musikfest Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.05M
Comparable Approach
Comparable
$9.82M
Blend (final)
Blend
$850k
Owner & transaction history
Artsquest · 9 yrs held
Artsquest
since 2017
2 recorded transactions
Zoning & alternative use
HI · Bethlehem, PA
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,715,000
6.5%
$8,045,000
7%
$7,470,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,815,000
Current use
MEDICAL BUILDING
$10,310,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±10%
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
$13 / 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
$148,451
Tax year 2024
Assessed value
$1,679,500
Assessed 2024
Previous assessed
$1,679,500
+0.0% YoY
Effective rate
8.84%
On assessed value
Assessed land
$38,200
Assessed improvement
$1,641,300
Land market value
$76,400
Improvement market value
$3,282,600
Total market value
$3,359,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2011
Heating
YES
Cooling
CENTRAL
Total area
67,506 SF
Lot
1.09 ac (47,480 SF)
Zoning code
HI
APN
P6 2 2-10B 0204E
UPID
US73-4081553
Jurisdiction
NORTHAMPTON
Zoning & alternative use
HI · Bethlehem, PAZoning HI · permitted uses
HI · Bethlehem, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$10.8M
MEDICAL BUILDING
Est. value
$10.3M
RETAIL STORES Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2011
Heating
YES
Cooling
Yes
Lot
1.09 ac
Current owner
From public records · entity-resolved
Artsquest
Individual
Mailing address
25 W 3RD ST #301, BETHLEHEM, PA 18015-1238
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2017
—
Artsquest
—
Grant Deed
related
$6,510,000 · Private Individual
—
—
Artsquest
—
Deed Of Trust
related
$1,630,000 · Lafayette Ambassador Bk
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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