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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Investment properties
173 Main St Emmaus, PA 18049-4017
Entity Owned
Property ID
US73-2603415
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1906
Construction
FRAME
Total area
2,162 SF
Lot
0.33 ac (14,244 SF)
Zoning code
B-C
APN
549466991183-1
UPID
US73-2603415
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
-
Obsidian Tattoo & Piercing Parlor 2 Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
$340k
Comparable Approach
Comparable
$418k
Blend (final)
Blend
$565k
Owner & transaction history
Elimor Land Group LLC
Elimor Land Group LLC
since 2025
Last sale
$561,430
7 recorded transactions
Zoning & alternative use
B-C · Emmaus, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$465,000
+59.7%
Auto repair, garage
$350,000
+20.8%
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 Emmaus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Emmaus 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
$650,000
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
$370,000
6.5%
$340,000
7%
$320,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$465,000
Change: +60% · Conversion: Easy
AUTO REPAIR, GARAGE
$350,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $561k (Nov 14 2023)
Last sale anchor
$561k
Nov 14 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
$261 / 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
$25,822
Tax year 2024
Assessed value
$800,300
Assessed 2024
Previous assessed
$800,300
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$99,700
Assessed improvement
$700,600
Land market value
$99,700
Improvement market value
$700,600
Total market value
$800,300
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1906
Construction
FRAME
Heating
BASEBOARD
Cooling
YES
Buildings
2
Stories
3
Units
13
Rooms
8
Bathrooms
4
Total area
2,162 SF
Lot
0.33 ac (14,244 SF)
Zoning code
B-C
APN
549466991183-1
UPID
US73-2603415
Jurisdiction
LEHIGH
Zoning & alternative use
B-C · Emmaus, PA
Zoning B-C · permitted uses
B-C · Emmaus, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Emmaus. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$465,000
AUTO REPAIR, GARAGE
Est. value
$350,000
MEDICAL BUILDING
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
1906
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
3
Buildings
2
Units
13
Rooms
8
Bathrooms
4
Lot
0.33 ac
Current owner
From public records · entity-resolved
Elimor Land Group LLC
Entity
Mailing address
232 MAIN ST, EMMAUS, PA 18049-2703
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2025
$566,681
Elimor Land Group LLC
James Vernon Scandola
Deed
$335,957 · Estate Of Glenn E Fretz
Nov 14, 2023
$561,430
Elimor Land Group LLC
David R Fretz
Deed
$1,725,000 · Donald S Young Etux
Feb 23, 2021
$516,666
Elimor Land Group LLC
John R Fretz
Grant Deed
$250,000 · Donald S Young Etux
Dec 21, 2020
—
Glenn E Fretz
G D & J Associates
Quit Claim Deed
related
—
Jun 23, 2015
—
G D & J Associates
Glenn E Fretz
Intrafamily Transfer
related
$980,000 · National Pennsylvania Bank
—
—
Glenn E Fretz
—
Deed Of Trust
related
$600,000 · First Niagara Bank
—
—
Glenn E Fretz
—
Deed Of Trust
related
$360,000 · Keystone Savings 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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