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Property profile & analytics
OFF-MARKET
Estimated value
$3,815,000
Commercial real estate
1124 Hellertown Rd Bethlehem, PA 18015
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-0131067
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2005
Total area
28,203 SF
Lot
4.45 ac (193,842 SF)
Zoning code
L1
APN
P7SW3D 1 6 0204
UPID
US73-0131067
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
-
Tom Serfass @ Raceway Chevrolet Car Dealership
-
Chevrolet Service Center Auto Repair Shop
-
Raceway Chevrolet Car Dealership
-
Chevrolet Parts Center Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.40M
Comparable Approach
Comparable
$3.73M
Blend (final)
Blend
$3.82M
Owner & transaction history
1124 W Associates LLC · 7 yrs held
1124 W Associates LLC
since 2019
6 recorded transactions
Zoning & alternative use
L1 · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.5M
+69.4%
Medical building
$4.3M
+61.5%
Apartment house (5+ units)
$3.5M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,760,000
6.5%
$4,395,000
7%
$4,080,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,665,000
Current use
RETAIL STORES
$4,520,000
Change: +69% · Conversion: Easy
MEDICAL BUILDING
$4,305,000
Change: +62% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,545,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,415,000
Change: +28% · Conversion: Difficult
RESTAURANT
$3,160,000
Change: +18% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,735,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$3.82M
Range $3.43M – $4.20M · ±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
$135 / 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
$93,914
Tax year 2024
Assessed value
$1,062,500
Assessed 2024
Previous assessed
$1,062,500
+0.0% YoY
Effective rate
8.84%
On assessed value
Assessed land
$115,800
Assessed improvement
$946,700
Land market value
$231,600
Improvement market value
$1,893,400
Total market value
$2,125,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2005
Heating
YES
Cooling
CENTRAL
Total area
28,203 SF
Lot
4.45 ac (193,842 SF)
Zoning code
L1
APN
P7SW3D 1 6 0204
UPID
US73-0131067
Jurisdiction
NORTHAMPTON
Zoning & alternative use
L1 · Bethlehem, PA
Zoning L1 · permitted uses
L1 · 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
$2.7M
RETAIL STORES
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.4M
RESTAURANT
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
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
2005
Heating
YES
Cooling
Yes
Lot
4.45 ac
Current owner
From public records · entity-resolved
1124 W Associates LLC
Entity
Mailing address
1124 HELLERTOWN RD, BETHLEHEM, PA 18015
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Jun 12, 2019
$5,250,000
1124 W Associates LLC
Jerry Horst LLC
Deed
—
Jan 30, 2018
—
Jerry Horst LLC
—
Deed
related
$3,800,000 · Essa Bk&tr
Feb 20, 2004
—
Horst Jerry LLC
Owner,record
Grant Deed
related
—
—
—
Jerry Horst LLC
—
Deed Of Trust
related
$877,711 · Knbt
—
—
Jerry Horst LLC
—
Deed Of Trust
related
$639,000 · National Penn Bank
—
—
Jerry Horst LLC
—
Deed Of Trust
related
$3,800,000 · Essa Bk&tr
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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