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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Warehouses
185 Main St Emmaus, PA 18049
Individually Owned
3-yr Hold
Free & Clear
Property ID
US73-2389316
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Total area
6,120 SF
Lot
5.04 ac (219,455 SF)
Zoning code
B-H
APN
549570304067-1
UPID
US73-2389316
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
by Request
CAP Approach
CAP
$850k
Comparable Approach
Comparable
$913k
Blend (final)
Blend
$805k
Owner & transaction history
Kevin R Schultz · 3 yrs held
Kevin R Schultz
since 2022
1 recorded transaction
Zoning & alternative use
B-H · Emmaus, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+124.3%
Restaurant
$1.2M
+99.1%
Auto repair, garage
$990,000
+69.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$925,000
6.5%
$850,000
7%
$790,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$585,000
Current use
MEDICAL BUILDING
$1,310,000
Change: +124% · Conversion: Difficult
RESTAURANT
$1,165,000
Change: +99% · Conversion: Difficult
AUTO REPAIR, GARAGE
$990,000
Change: +70% · Conversion: Easy
OFFICE BUILDING
$910,000
Change: +56% · Conversion: Difficult
COMMERCIAL (GENERAL)
$820,000
Change: +40% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$775,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$745,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$805k
Range $725k – $886k · ±10%
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
$132 / 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
$24,431
Tax year 2024
Assessed value
$757,200
Assessed 2024
Previous assessed
$757,200
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$385,100
Assessed improvement
$372,100
Land market value
$385,100
Improvement market value
$372,100
Total market value
$757,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1969
Heating
SPACE
Stories
1
Total area
6,120 SF
Lot
5.04 ac (219,455 SF)
Zoning code
B-H
APN
549570304067-1
UPID
US73-2389316
Jurisdiction
LEHIGH
Zoning & alternative use
B-H · Emmaus, PAZoning B-H · permitted uses
B-H · Emmaus, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$585,000
MEDICAL BUILDING
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$990,000
OFFICE BUILDING
Est. value
$910,000
COMMERCIAL (GENERAL)
Est. value
$820,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$775,000
RETAIL STORES
Est. value
$745,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1969
Heating
SPACE
Stories
1
Lot
5.04 ac
Current owner
From public records · entity-resolved
Kevin R Schultz
Individual
Free & Clear · 3 yrs held
Mailing address
1540 CHESTNUT ST, EMMAUS, PA 18049-1914
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2022
—
Kevin R Schultz
Kevin R Schultz
Intrafamily Transfer
related
—
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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