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Property profile & analytics
OFF-MARKET
Estimated value
$2,935,000
Banks
1530 8th Ave Bethlehem, PA 18018-1883
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-0441973
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2002
Total area
18,204 SF
Lot
1.02 ac (44,388 SF)
Zoning code
CMU
APN
642812976586-1
UPID
US73-0441973
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
-
Bonnie Coyle, MD Physician
-
Dr. Hiram T. Dale Jr, MD Physician
-
Dr. David P. Scoblionko, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.33M
Blend (final)
Blend
$2.94M
Owner & transaction history
Hpenn LLC · 2 yrs held
Hpenn LLC
since 2023
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
CMU · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.3M
+22.4%
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
$3,290,000
ML approach
$2,960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$1,910,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,335,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$2.94M
Range $2.64M – $3.23M · ±10% · vs last sale $2.93M (Aug 1 2023)
Last sale anchor
$2.93M
Aug 1 2023
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
$161 / 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
$48,394
Tax year 2024
Assessed value
$1,704,000
Assessed 2024
Previous assessed
$2,544,000
-33.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$377,200
Assessed improvement
$1,326,800
Land market value
$377,200
Improvement market value
$1,326,800
Total market value
$1,704,000
Applied tax rate
13.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2002
Heating
YES
Cooling
YES
Stories
2
Rooms
7
Bathrooms
2
Total area
18,204 SF
Lot
1.02 ac (44,388 SF)
Zoning code
CMU
APN
642812976586-1
UPID
US73-0441973
Jurisdiction
LEHIGH
Zoning & alternative use
CMU · Bethlehem, PA
Zoning CMU · permitted uses
CMU · 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
FINANCIAL BUILDING Current
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
FINANCIAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
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
7
Bathrooms
2
Lot
1.02 ac
Current owner
From public records · entity-resolved
Hpenn LLC
Entity
Mailing address
PO BOX 90084, ALLENTOWN, PA 18109-0084
Ownership since
2023
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
Aug 1, 2023
$2,925,000
Hpenn LLC
L Bazzini Co INC
Special Warranty Deed
$3,120,000 · Essa Bank & Trust
Sep 1, 2017
$6,250,000
A L Bazzini Co INC
Eighth Avenue Prof Assocs LP
Grant Deed
$2,700,000 · Embassy Bk/lehigh Vly
Sep 18, 2014
—
Avenue LP Eighth
Eighth Avenue Prof Assocs LP
Quit Claim Deed
related
—
Aug 16, 2000
$377,500
Eight Avenue Professional Asso
Labarre,richard T & Sandra L
Grant Deed
$311,000 · American Bank
—
—
Avenue LP Eighth
—
Deed Of Trust
related
$9,450,000 · Lafayette Ambassador Bank
—
—
Eighth Avenue Professional
—
Deed Of Trust
related
$2,600,000 · Lafayette Ambassador Bank
—
—
Eight Avenue Professional
—
Deed Of Trust
related
$100,000 · Lafayette Ambassador Bank
—
—
A L Bazzini Co INC
—
Deed Of Trust
related
$500,000 · Embassy Bk/lehigh Vly
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.
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