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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Retail space
198 Nazareth Pike, Bethlehem, PA 18020
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US73-4182952
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Total area
5,545 SF
Lot
22.67 ac (987,505 SF)
Zoning code
A
APN
L7 11 24 0418
UPID
US73-4182952
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
-
Fastest Labs of Bethlehem Drug Testing Service
-
Amish Marketplace Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$863k
Blend (final)
Blend
$790k
Owner & transaction history
Hm Rentals LLC · 11 yrs held
Hm Rentals LLC
since 2014
2 recorded transactions
Zoning & alternative use
A · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$615,000
Alternative Use
Use
Estimation
RETAIL STORES
$890,000
Current use
COMMERCIAL (GENERAL)
$870,000
Change: -2% · Conversion: Easy
MEDICAL BUILDING
$845,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$725,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$142 / 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
$24,005
Tax year 2024
Assessed value
$329,700
Assessed 2024
Previous assessed
$329,700
+0.0% YoY
Effective rate
7.28%
On assessed value
Assessed land
$209,200
Assessed improvement
$120,500
Land market value
$418,400
Improvement market value
$241,000
Total market value
$659,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1966
Heating
YES
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
5,545 SF
Lot
22.67 ac (987,505 SF)
Zoning code
A
APN
L7 11 24 0418
UPID
US73-4182952
Jurisdiction
NORTHAMPTON
Zoning & alternative use
A · Bethlehem, PA
Zoning A · permitted uses
A · 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
RETAIL STORES Current
Est. value
$890,000
COMMERCIAL (GENERAL)
Est. value
$870,000
MEDICAL BUILDING
Est. value
$845,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$725,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1966
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
22.67 ac
Current owner
From public records · entity-resolved
Hm Rentals LLC
Entity
Mailing address
PO BOX 220, TEMPLE, PA 19560-0220
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2014
$850,000
Hm Rentals LLC
Hecktown Diary Farms INC
Deed
$637,500 · Customers Bank
—
—
Hecktown Dairy Farms INC
—
Deed Of Trust
related
$30,000 · Lafayette Ambassador 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.
Try Rey
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