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Property profile & analytics
FOR SALE
Manufacturing properties
1022 3rd St, Whitehall, PA 18052-5431
Individually Owned
8-yr Hold
Free & Clear
Property ID
US73-3980228
For Sale
1 / 2
$3,600,000
1022 3rd St, Whitehall, PA 18052-5431
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Property summary
AI-generated overview
This exceptional 7.47-acre land parcel, located at 1022 3rd Street in Whitehall, PA 18052 (Lehigh County), presents a unique investment opportunity. The property, encompassing two parcels (APN: 640804014688-1, 640804301935-1), is zoned R5-High Density Residential, offering significant development potential. The land boasts level topography, making it ideal for various construction projects. Its strategic location provides excellent visibility, with over 18,000 vehicles passing daily. Ample parking is readily available. The property benefits from its proximity to numerous amenities, including the Lehigh Valley Mall, Walmart, Lowe's, Best Buy, Michael's, and a wide selection of restaurants. Furthermore, its convenient location offers easy access to Route 22 via the Fullerton Avenue exit, enhancing its appeal for both residential and commercial development. The asking price for this substantial land holding is $3,600,000. This presents a rare chance to acquire a large, well-situated parcel in a thriving area of Pennsylvania.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1880
Total area
42,458 SF
Lot
6.81 ac (296,469 SF)
Zoning code
R-5
APN
640804014688-1
UPID
US73-3980228
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$700k
Blend (final)
Blend
$975k
Owner & transaction history
Keith Esmail · 8 yrs held
Keith Esmail
since 2018
2 recorded transactions
Zoning & alternative use
R-5 · Whitehall, 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 Whitehall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Whitehall 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
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±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
$23 / 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
$23,238
Tax year 2024
Assessed value
$820,100
Assessed 2024
Previous assessed
$820,100
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$632,100
Assessed improvement
$188,000
Land market value
$632,100
Improvement market value
$188,000
Total market value
$820,100
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1880
Heating
FORCED AIR
Buildings
8
Stories
2
Total area
42,458 SF
Lot
6.81 ac (296,469 SF)
Zoning code
R-5
APN
640804014688-1
UPID
US73-3980228
Jurisdiction
LEHIGH
Zoning & alternative use
R-5 · Whitehall, PA
Zoning R-5 · permitted uses
R-5 · Whitehall, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Whitehall. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1880
Heating
FORCED AIR
Stories
2
Buildings
8
Lot
6.81 ac
Current owner
From public records · entity-resolved
Keith Esmail
Individual
Free & Clear · 8 yrs held
Mailing address
PO BOX 133, WHITEHALL, PA 18052-0133
Ownership since
2018
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
Jan 12, 2018
—
Keith Esmail
Esmail,a Keith
Quit Claim Deed
related
—
Feb 13, 2013
—
A Keith Esmail
Esmail,a Keith
Quit Claim Deed
related
—
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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