New search
Property profile & analytics
OFF-MARKET
Estimated value
$12,995,000
Office Spaces
1605 Vly Ctr Pkwy Bethlehem, PA 18017-2340
Entity Owned
3-yr Hold
Free & Clear
Property ID
US73-1089760
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2002
Total area
95,508 SF
Lot
13.26 ac (577,606 SF)
Zoning code
PORR
APN
N5 1 9 0214
UPID
US73-1089760
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
-
Easton Hospital X-Ray Services Medical Clinic
-
Lattice Semiconductor Bank Loan Service
-
Convergent Communications Telecommunications Service Mobile Phone Store
-
SHI International Corp Association / Organization
-
Convergent Commications Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.03M
CAP Approach
CAP
$14.88M
Comparable Approach
Comparable
$13.45M
Blend (final)
Blend
$13.00M
Owner & transaction history
1605 Vcp LLC · 3 yrs held
1605 Vcp LLC
since 2023
Last sale
$12.7M
4 recorded transactions
Zoning & alternative use
PORR · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$16.1M
+17.8%
Medical building
$14.6M
+7.1%
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
$14,255,000
ML approach
$10,030,000
CAP Approach
CAP Return
Estimation
6%
$16,115,000
6.5%
$14,875,000
7%
$13,815,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$13,620,000
Current use
RETAIL STORES
$16,050,000
Change: +18% · Conversion: Easy
MEDICAL BUILDING
$14,585,000
Change: +7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$12,515,000
Change: -8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$11,575,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$13.00M
Range $11.70M – $14.29M · ±10% · vs last sale $12.68M (Feb 22 2023)
Last sale anchor
$12.68M
Feb 22 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
$136 / 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
$183,854
Tax year 2024
Assessed value
$2,522,000
Assessed 2024
Previous assessed
$3,522,100
-28.4% YoY
Effective rate
7.29%
On assessed value
Assessed land
$309,000
Assessed improvement
$2,213,000
Land market value
$618,000
Improvement market value
$4,426,000
Total market value
$5,044,000
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
Total area
95,508 SF
Lot
13.26 ac (577,606 SF)
Zoning code
PORR
APN
N5 1 9 0214
UPID
US73-1089760
Jurisdiction
NORTHAMPTON
Zoning & alternative use
PORR · Bethlehem, PA
Zoning PORR · permitted uses
PORR · 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
$13.6M
RETAIL STORES
Est. value
$16.1M
MEDICAL BUILDING
Est. value
$14.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.5M
AUTO REPAIR, GARAGE
Est. value
$11.6M
COMMERCIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
Lot
13.26 ac
Current owner
From public records · entity-resolved
1605 Vcp LLC
Entity
Free & Clear · 3 yrs held
Mailing address
290 DAVIDSON AVE, SOMERSET, NJ 08873-4145
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2023
$12,682,546
1605 Vcp LLC
1605 Valley Center Pky LP
Deed
—
May 20, 2011
—
1495 Valley Center Pky LP
—
Deed Of Trust
related
$18,910,000 · Morgan Stanley Mtg Cap Holding
May 17, 2011
$11,363,436
1605 Valley Center Pky LP
Liberty Property LP
Grant Deed
—
—
—
1605 Valley Center Pky LP
—
Deed Of Trust
related
$123,700,000 · Ladder Capital Finance LLC
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 1605 Vly Ctr Pkwy?
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.
