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    Property profile & analytics

    1309 Blue Valley Dr, Unit 4 Pen Argyl, PA 18072

    • Community centers
    • 104,971 SF
    • 20.30 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    $1,120,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2583654
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Health Center at Bangor / Medical Clinic
    • Bangor Plaza / Shopping Center & Mall
    • ATM / Atm
    • Western Union / Bank / Credit Union

    Property Details for 1309 Blue Valley Dr

    Year built
    1990
    Lot size
    20.30 lot acres
    Property size
    104,971 SF
    Zone code
    A
    Property type
    Community centers
    APN
    D9 15 10-1 0134
    APU
    D9151010134

    Description

    Bangor Plaza, a Class B neighborhood shopping center in Northampton County, Pennsylvania, presents a compelling investment opportunity. This 104,971 square foot retail property, built in 1990 and comprised of three buildings, offers multiple tenancy options with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 3,484 square feet. Currently, 7,484 square feet are vacant, providing immediate opportunities for expansion or new tenants. The center boasts a strong tenant mix, including co-anchors Weis Markets and Lehigh Valley Health Network, along with established national and regional tenants such as Dollar Tree, Subway, Miracle Ear, Fine Wine and Good Spirits, and Domino's Pizza. Its strategic location on Route 512 ensures high visibility and convenient access, further enhanced by a prominent pylon sign. The property's fourteen suites offer a diverse range of sizes, catering to various business needs. This grocery-anchored center benefits from a full-movement signalized intersection, maximizing traffic flow and exposure. The property's established tenant base and prime location make it an attractive investment for both established businesses and new ventures seeking a thriving retail environment in Bangor, PA.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $905,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,329,000
      Market price range: $689k - $1.66M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,190,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pen Argyl
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.235
    Latitude
    40.8738
    CBSA code
    10900
    CBSA name
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $227,283
    $260,900
    $2,743,500
    $3,004,400
    -
    $521,800
    $5,487,000
    $6,008,800

    Comparable in this City

    • Value Estimation by Request
      43,744 SF

      Blue Vly Dr

      MINI-MALL • 43,744 SF
      Blue Vly Dr, Pen Argyl, PA 18072
      View Details
    • Value Estimation by Request
      0.03 Acres

      Young St

      PARKING LOT • 0.03 Acres
      Young St, Pen Argyl, PA 18072
      View Details
    • Value Estimation by Request
      1,496 SF

      1436 Bangor Rd

      RESTAURANT • 1,496 SF
      1436 Bangor Rd, Pen Argyl, PA 18072-9607
      View Details
    • Value Estimation
      $715,000
      2,090 SF

      1035 Blue Vly Dr

      SERVICE STATION WITH FOOD MART • 2,090 SF
      1035 Blue Vly Dr, Pen Argyl, PA 18072-1809
      View Details
    • Value Estimation
      $680,000
      3,990 SF

      434 Main St

      SERVICE STATION WITH FOOD MART • 3,990 SF
      434 Main St, Pen Argyl, PA 18072-1643
      View Details
    • Value Estimation by Request
      4,063 SF

      945 Pennsylvania Ave

      AUTO REPAIR, GARAGE • 4,063 SF
      945 Pennsylvania Ave, Pen Argyl, PA 18072-9709
      View Details

    Similar Nearby for Sale

    • $449,000
      8,112 SF

      Former Bank with Drive-Thru Access

      Former bank with drive-thru and parking in Pen Argyl.
      1 N Robinson Ave, Pen Argyl, PA 18072
      View Details
    • $524,900

      Visible Mixed-Use Property, Pen Argyl

      Highly visible mixed-use property with income potential in Pen Argyl.
      962 Pennsylvania Ave, Pen Argyl, PA 18072
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    • New
      Contact for pricing
      3,970 SF

      Updated Office Space For Sale

      Commercial space ideal for medical, professional services, or general office.
      101 S Schanck Ave, Pen Argyl, PA 18072
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      104,971 SF

      Bangor Plaza Retail Center

      Prime Bangor, PA Shopping Center - 3 Spaces Available
      1309 Blue Valley Dr, Pen Argyl, PA 18072
      View Details
    • Contact for pricing
      7,335 SF

      Retail Space in Pen Argyl

      Neighborhood center anchored by Ace Hardware with retail opportunities.
      416-438 Blue Valley Dr, Pen Argyl, PA 18072
      View Details
    • $11 SF/Yr
      884,268 SF

      Retail Space in Bangor Plaza

      Retail space available in grocery-anchored shopping center in Washington Twp.
      1309 Blue Valley Dr, Pen Argyl, PA 18072
      View Details
    • $12 SF/Yr
      3,484 SF

      Retail Space in Bangor Plaza

      Retail space available in a busy, anchored shopping center.
      1341-1383 Blue Valley Dr, Pen Argyl, PA 18072
      View Details
    • $12 SF/Yr
      884,268 SF

      Retail Space in Bangor Plaza

      Retail spaces available in grocery-anchored shopping center.
      1309 Blue Valley Dr, Pen Argyl, PA 18072
      View Details
    • $3,950 /Mo
      4,224 SF

      Pen Argyl Commercial Parking Garage

      Five-bay parking garage available for lease in Pen Argyl.
      950 Pennsylvania Ave, Pen Argyl, PA 18072
      View Details
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    Pen Argyl, PA 18072
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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