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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Residential income homes
1722 Market St Bethlehem, PA 18018-6446
Entity Owned
4-yr Hold
Property ID
US73-1567909
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1900
Construction
TYPE NOT SPECIFIED
Total area
2,599 SF
Lot
0.84 ac (36,802 SF)
Zoning code
RS
APN
641787799952-1
UPID
US73-1567909
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$437k
Blend (final)
Blend
$600k
Owner & transaction history
Advance Note Investments LLC · 4 yrs held
Advance Note Investments LLC
since 2022
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
RS · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$555,000
+56.0%
Retail stores
$415,000
+16.8%
Office building
$385,000
+8.4%
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
$700,000
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$555,000
Change: +56% · Conversion: Moderate
RETAIL STORES
$415,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$385,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$385,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Jul 18 2022)
Last sale anchor
$600k
Jul 18 2022
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
$231 / 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
$7,583
Tax year 2024
Assessed value
$267,000
Assessed 2024
Previous assessed
$267,000
+0.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$73,800
Assessed improvement
$193,200
Land market value
$73,800
Improvement market value
$193,200
Total market value
$267,000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1900
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
3
Rooms
13
Bathrooms
4
Total area
2,599 SF
Lot
0.84 ac (36,802 SF)
Zoning code
RS
APN
641787799952-1
UPID
US73-1567909
Jurisdiction
LEHIGH
Zoning & alternative use
RS · Bethlehem, PA
Zoning RS · permitted uses
RS · 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
MEDICAL BUILDING
Est. value
$555,000
RETAIL STORES
Est. value
$415,000
OFFICE BUILDING
Est. value
$385,000
COMMERCIAL (GENERAL)
Est. value
$385,000
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (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
1900
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
3
Rooms
13
Bathrooms
4
Lot
0.84 ac
Current owner
From public records · entity-resolved
Advance Note Investments LLC
Entity
Mailing address
728 DELAWARE AVE, FOUNTAIN HILL, PA 18015-1135
Ownership since
2022
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
Jul 18, 2022
$600,000
Advance Note Investments LLC
Janet Mary Shearer
Deed
—
Nov 8, 2017
—
Keith M Gardiner
Gardiner,keith M
Quit Claim Deed
related
—
—
—
Keith M Gardiner
—
Deed Of Trust
related
$67,533 · Quakertown National Bank
—
—
Keith M Gardiner
—
Deed Of Trust
related
$72,284 · Quakertown National Bank
—
—
Keith M Gardiner
—
Deed Of Trust
related
$75,000 · Qnb Bank
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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