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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Investment properties
1041 4th St, Bethlehem, PA 18015-2001
Entity Owned
3-yr Hold
Property ID
US73-2388785
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1900
Total area
8,463 SF
Lot
0.18 ac (7,752 SF)
Zoning code
RM
APN
P6SE2B 6 4 0204
UPID
US73-2388785
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
-
ParrillonDos Restaurant
-
Boca Chica Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
$1.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.01M
Owner & transaction history
Martinez Rentals LLC · 3 yrs held
Martinez Rentals LLC
since 2023
Last sale
$950,000
3 recorded transactions
Zoning & alternative use
RM · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+69.4%
Medical building
$1.3M
+61.5%
Apartment house (5+ units)
$1.1M
+33.0%
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
$1,070,000
ML approach
$1,070,000
CAP Approach
CAP Return
Estimation
6%
$1,430,000
6.5%
$1,320,000
7%
$1,225,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$800,000
Current use
RETAIL STORES
$1,355,000
Change: +69% · Conversion: Easy
MEDICAL BUILDING
$1,290,000
Change: +62% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,065,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,025,000
Change: +28% · Conversion: Difficult
RESTAURANT
$950,000
Change: +18% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$820,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±10% · vs last sale $950k (Feb 10 2023)
Last sale anchor
$950k
Feb 10 2023
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
$119 / 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
$8,848
Tax year 2024
Assessed value
$100,100
Assessed 2024
Previous assessed
$100,100
+0.0% YoY
Effective rate
8.84%
On assessed value
Assessed land
$18,800
Assessed improvement
$81,300
Land market value
$37,600
Improvement market value
$162,600
Total market value
$200,200
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1900
Heating
YES
Cooling
WINDOW A/C
Stories
1
Total area
8,463 SF
Lot
0.18 ac (7,752 SF)
Zoning code
RM
APN
P6SE2B 6 4 0204
UPID
US73-2388785
Jurisdiction
NORTHAMPTON
Zoning & alternative use
RM · Bethlehem, PA
Zoning RM · permitted uses
RM · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$800,000
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RESTAURANT
Est. value
$950,000
INDUSTRIAL (GENERAL)
Est. value
$820,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RESTAURANT
INDUSTRIAL (GENERAL)
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
1900
Heating
YES
Cooling
Yes
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Martinez Rentals LLC
Entity
Mailing address
736 W EMAUS AVE, ALLENTOWN, PA 18103-6758
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2025
—
Martinez Rentals LLC
—
Deed
related
$877,500 · Velocity Commercial Capital LLC
Feb 10, 2023
$950,000
Martinez Rentals LLC
Michael Rodriguez
Deed
$712,500 · People First FCU
May 22, 2003
—
Miguel A Rodriguez
Rodriguez,miguel A & Ramona
Quit Claim Deed
related
$72,000 · Gelt Business Credit LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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