You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
OFF-MARKET Estimated value $5,525,000
Office Spaces

119 Technology Dr Bethlehem, PA 18015-1327

44,592 SF 3.95 ac lot Built 1993
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US73-0205356
Property summary
AI-generated overview

This exceptional 48,000-square-foot Class B industrial manufacturing facility, built in 1993, is situated on a 4-acre lot in Bethlehem, Pennsylvania (zip code 18015). The single-story building features 18'-22' ceiling heights and boasts three loading docks, making it ideal for efficient operations. The property is zoned IR (Industrial Redevelopment District) and includes a small mezzanine office area accessible by elevator. Utilities include public water/sewer, natural gas heating, and substantial power: 2000 Amps, 480 Volt, 3-Phase Heavy, with 1 DC and 2 AC power sources. Four on-site backup generators and two UPS battery backups ensure reliable power. The facility is well-equipped with 32 clean rooms, perfect for research and development, along with a machine shop, five conference rooms, a large breakroom, employee lockers, and showers. Ample parking is available. The property offers convenient access to major highways and Lehigh Valley International Airport, providing easy access to major northeastern metropolitan areas. Recent interior renovations, most notably in 2016, have maintained the building's high standard. Two points of ingress/egress are available via Technology Drive and E. 2nd Street. The property's location in South Bethlehem places it near Lehigh University, Ben Franklin Technology Partners, and Orasure Technology.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1993
Total area 44,592 SF
Lot 3.95 ac (172,062 SF)
Zoning code HI
APN P6 2 2F 0204
UPID US73-0205356
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
  • IQE Inc. Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.53M
CAP Approach CAP
$6.95M
Comparable Approach Comparable
$5.90M
Blend (final) Blend
$5.53M
Owner & transaction history
Rasack Real Estate LLC · 1 yrs held
Rasack Real Estate LLC
since 2024
Last sale
$5.5M
7 recorded transactions
2024
$5.5M
2008
Price N/A
2007
$3.5M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
HI · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $7.1M +69.4%
Medical building $6.8M +61.5%
Apartment house (5+ units) $5.6M +33.0%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 119 Technology Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message