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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Medical Office Space
1040 Chestnut St Emmaus, PA 18049-1952
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-2968708
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1987
Total area
11,351 SF
Lot
0.94 ac (40,946 SF)
Zoning code
B-L
APN
549423444099-1
UPID
US73-2968708
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
-
Heid John N MD Pediatrician Physician
-
My Dung T. Ha, DO Pediatrician Physician
-
Catherine Ehrig Physician
-
Alexander F. Talarico, CRNP, MSN Pediatrician Physician
-
Antonio M. Costa, DO Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.81M
Blend (final)
Blend
$3.50M
Owner & transaction history
Centurion Foundation Lehigh Valley · 2 yrs held
Centurion Foundation Lehigh Valley
since 2024
Last sale
$3.5M
6 recorded transactions
Zoning & alternative use
B-L · Emmaus, 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 Emmaus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Emmaus 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
$3,500,000
ML approach
$3,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,430,000
Current use
RESTAURANT
$2,155,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.50M (Jul 1 2024)
Last sale anchor
$3.50M
Jul 1 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
$308 / 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
$53,935
Tax year 2024
Assessed value
$1,966,600
Assessed 2024
Previous assessed
$1,966,600
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$348,800
Assessed improvement
$1,617,800
Land market value
$348,800
Improvement market value
$1,617,800
Total market value
$1,966,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1987
Heating
YES
Cooling
YES
Stories
2
Total area
11,351 SF
Lot
0.94 ac (40,946 SF)
Zoning code
B-L
APN
549423444099-1
UPID
US73-2968708
Jurisdiction
LEHIGH
Zoning & alternative use
B-L · Emmaus, PA
Zoning B-L · permitted uses
B-L · Emmaus, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Emmaus. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.4M
RESTAURANT
Est. value
$2.2M
MEDICAL BUILDING Current
RESTAURANT
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
1987
Heating
YES
Cooling
Yes
Stories
2
Lot
0.94 ac
Current owner
From public records · entity-resolved
Centurion Foundation Lehigh Valley
Individual
Mailing address
2100 MACK BLVD NW STE #1030, ALLENTOWN, PA 18103-5622
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2024
$3,500,000
Centurion Foundation Lehigh Valley
Lehigh Valley Hospital INC
Special Warranty Deed
—
Jul 15, 2011
$2,312,500
Lehigh Valley Hospital INC
Dtc Sage I LP
Grant Deed
—
Aug 1, 2008
$2,050,000
Sage I Dtc
Heid,john N
Grant Deed
—
Nov 1, 1999
$567,500
John N Heid
Barnes & Heid
Grant Deed
related
$825,000 · Main Street Bank
—
—
John N Heid
—
Deed Of Trust
related
$810,000 · East Penn Bank
—
—
John N Heid
—
Deed Of Trust
related
$120,000 · Main Street Bank
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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