New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Office Spaces
1404 Walter St Bethlehem, PA 18015-5349
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US73-0396752
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2002
Total area
9,866 SF
Lot
0.64 ac (28,000 SF)
Zoning code
GB
APN
Q6SW2 17 2 0719
UPID
US73-0396752
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
-
Northampton County District Court County Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.54M
Comparable Approach
Comparable
$933k
Blend (final)
Blend
$1.11M
Owner & transaction history
Bob Robbins Real Estate LLC
Bob Robbins Real Estate LLC
since 2026
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
GB · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+69.4%
Medical building
$1.5M
+61.5%
Apartment house (5+ units)
$1.2M
+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%
$1,665,000
6.5%
$1,535,000
7%
$1,425,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$935,000
Current use
RETAIL STORES
$1,580,000
Change: +69% · Conversion: Easy
MEDICAL BUILDING
$1,505,000
Change: +62% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,240,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,195,000
Change: +28% · Conversion: Difficult
RESTAURANT
$1,105,000
Change: +18% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$955,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±10% · vs last sale $1.50M (Jan 9 2026)
Last sale anchor
$1.50M
Jan 9 2026
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
$113 / 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
$11,381
Tax year 2024
Assessed value
$161,200
Assessed 2024
Previous assessed
$161,200
+0.0% YoY
Effective rate
7.06%
On assessed value
Assessed land
$33,800
Assessed improvement
$127,400
Land market value
$67,600
Improvement market value
$254,800
Total market value
$322,400
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
2002
Heating
YES
Cooling
CENTRAL
Stories
2
Rooms
6
Bathrooms
1
Total area
9,866 SF
Lot
0.64 ac (28,000 SF)
Zoning code
GB
APN
Q6SW2 17 2 0719
UPID
US73-0396752
Jurisdiction
NORTHAMPTON
Zoning & alternative use
GB · Bethlehem, PA
Zoning GB · permitted uses
GB · 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
$935,000
RETAIL STORES
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RESTAURANT
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$955,000
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
2002
Heating
YES
Cooling
Yes
Stories
2
Rooms
6
Bathrooms
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Bob Robbins Real Estate LLC
Entity
Mailing address
AT WALTER ST RTE #378, BETHLEHEM, PA 18015
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2026
$1,500,000
Bob Robbins Real Estate LLC
John J Blair
Deed
—
Mar 22, 2021
—
John J Blair
—
Deed
related
$550,000 · Peoples Security Bank & Trust Company
Oct 28, 2016
—
John J Blair
—
Deed
related
$440,000 · Peoples Sec Bk&tr
Apr 23, 1999
$142,000
John J Blair
Balf,daniel C & Bernadette M
Grant Deed
$86,400 · First Union Mortgage
—
—
John J Blair
—
Deed Of Trust
related
$440,000 · Peoples Sec 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
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 1404 Walter 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.
