Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Office Spaces
132 3rd St Easton, PA 18042-4504
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-0387837
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1925
Total area
68,010 SF
Lot
0.61 ac (26,598 SF)
Zoning code
BRI
APN
L9SE2C 1 2 0310
UPID
US73-0387837
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
-
Heritage Lanes Corporate Office
-
scalarworks Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$935k
Owner & transaction history
Heritage Riverview LP · 5 yrs held
Heritage Riverview LP
since 2021
Last sale
$925,000
7 recorded transactions
Zoning & alternative use
BRI · Easton, 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 Easton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Easton 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
$785,000
ML approach
$1,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $925k (Jul 1 2021)
Last sale anchor
$925k
Jul 1 2021
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
$14 / 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
$30,095
Tax year 2024
Assessed value
$290,100
Assessed 2024
Previous assessed
$133,400
+117.5% YoY
Effective rate
10.37%
On assessed value
Assessed land
$110,600
Assessed improvement
$179,500
Land market value
$221,200
Improvement market value
$359,000
Total market value
$580,200
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1925
Heating
YES
Cooling
CENTRAL
Stories
1
Units
14
Rooms
1
Total area
68,010 SF
Lot
0.61 ac (26,598 SF)
Zoning code
BRI
APN
L9SE2C 1 2 0310
UPID
US73-0387837
Jurisdiction
NORTHAMPTON
Zoning & alternative use
BRI · Easton, PA
Zoning BRI · permitted uses
BRI · Easton, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Easton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1925
Heating
YES
Cooling
Yes
Stories
1
Units
14
Rooms
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Heritage Riverview LP
Entity
Mailing address
559 MAIN ST STE #300, BETHLEHEM, PA 18018-5862
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2021
—
Heritage Riverview LP
Heritage Riverview LP
Intrafamily Transfer
related
$1,387,000 · American Bank
Oct 1, 2019
—
Heritage Riverview LP
—
Grant Deed
related
$7,000,000 · American Bk
Dec 15, 2017
—
Heritage Riverview L P
—
Deed
related
$750,000 · Merchants Bank Of Bangor
Jan 13, 2017
—
Heritage Riverview LP
—
Deed
related
$500,000 · Easton Area Ind'l & Dev Co INC
Sep 19, 2016
—
Heritage Riverview LP
—
Deed
related
$300,000 · American Bk
Jan 22, 2016
$925,000
Heritage Riverview LP
Charal Realty Investors LLC
Deed
—
—
—
Heritage Riverview LP
—
Loan Modification
related
$300,000 · American Bk
—
—
Heritage Riverview LP
—
Deed Of Trust
related
$500,000 · Easton Area Ind'l & Dev Co INC
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
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 132 3rd St?
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 →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
