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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Medical Office Space
1885 Market St Bethlehem, PA 18018-4559
Entity Owned
1-yr Hold
Free & Clear
Property ID
US73-2181661
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1920
Total area
5,750 SF
Lot
0.38 ac (16,335 SF)
Zoning code
CL
APN
641778641326-1
UPID
US73-2181661
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
-
Deibel Laboratories of Pennsylvania, LLC Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$411k
Blend (final)
Blend
$560k
Owner & transaction history
Estey Properties LLC · 1 yrs held
Estey Properties LLC
since 2025
Last sale
$560,000
4 recorded transactions
Zoning & alternative use
CL · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$560,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$565,000
7%
$525,000
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $560k (Feb 29 2024)
Last sale anchor
$560k
Feb 29 2024
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
$97 / 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
$15,898
Tax year 2024
Assessed value
$559,800
Assessed 2024
Previous assessed
$559,800
+0.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$81,600
Assessed improvement
$478,200
Land market value
$81,600
Improvement market value
$478,200
Total market value
$559,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1920
Heating
YES
Cooling
YES
Stories
1
Total area
5,750 SF
Lot
0.38 ac (16,335 SF)
Zoning code
CL
APN
641778641326-1
UPID
US73-2181661
Jurisdiction
LEHIGH
Zoning & alternative use
CL · Bethlehem, PA
Zoning CL · permitted uses
CL · 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.
Building & site characteristics
From public records
Year built
1920
Heating
YES
Cooling
Yes
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Estey Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1503 BURGOYNE RD, DOWNINGTOWN, PA 19335-3917
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2025
$160,000
Estey Properties LLC
Michael Kurtz
Deed
—
Feb 29, 2024
$560,000
Estey Properties LLC
Carol L Deibel
Special Warranty Deed
—
Jul 2, 2019
$84,609
Michael Kurtz
Pocono Mountain Ice INC
Grant Deed
—
Apr 23, 2002
—
Deibel,tr
Banach,stanley F & Jane M
Grant Deed
related
$100,000 · Stanley F & Jane M Banach
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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