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Property profile & analytics
OFF-MARKET
Manufacturing properties
2 Lerchenmiller Dr Northampton, PA 18067
Individually Owned
Absentee Owner
Free & Clear
Property ID
US73-3861260
Property profile
Verified
Property type
Manufacturing properties
Use group
SHIPYARD - BUILT OR REPAIRED
Year built
1940
Total area
2,829 SF
Lot
7.89 ac (343,688 SF)
Zoning code
R-1
APN
M4 1 7 0522E
UPID
US73-3861260
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
-
Northampton Sewer Plant City Government Office
-
Northampton Borough Sewer Treatment Facility City Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
NORTHAMPTON BOROUGH
NORTHAMPTON BOROUGH
Zoning & alternative use
R-1 · Northampton, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
R-1 Residential District. To establish and preserve the lowest-density residential areas in the Borough for quiet single-family home neighborhoods free from incompatible activities which would generate distractive sights, sounds, traffic or which would in any way compromise the privacy and serenity of the living environment for the individual residential lot…
Zone name
Residential
General category
RESIDENTIAL
Zone area
535.90 ac
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 Northampton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northampton 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$24,467
Tax year 2024
Assessed value
$305,800
Assessed 2024
Previous assessed
$305,800
+0.0% YoY
Effective rate
8.00%
On assessed value
Assessed land
$90,600
Assessed improvement
$215,200
Land market value
$181,200
Improvement market value
$430,400
Total market value
$611,600
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
Manufacturing properties
Use group
SHIPYARD - BUILT OR REPAIRED
Status
Off-Market
Year built
1940
Heating
YES
Cooling
NONE
Stories
1
Total area
2,829 SF
Lot
7.89 ac (343,688 SF)
Zoning code
R-1
APN
M4 1 7 0522E
UPID
US73-3861260
Jurisdiction
NORTHAMPTON
Zoning & alternative use
R-1 · Northampton, PAZoning R-1 · permitted uses
R-1 · Northampton, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
R-1 Residential District. To establish and preserve the lowest-density residential areas in the Borough for quiet single-family home neighborhoods free from incompatible activities which would generate distractive sights, sounds, traffic or which would in any way compromise the privacy and serenity of the living environment for the individual residential lots. C.
Zone name
Residential
General category
RESIDENTIAL
Zone area
535.90 ac
Building & site characteristics
From public records
Year built
1940
Heating
YES
Cooling
Yes
Stories
1
Lot
7.89 ac
Current owner
From public records · entity-resolved
NORTHAMPTON BOROUGH
Individual
Free & Clear · 0 yrs held
Mailing address
1401 LAUBACH AVE, NORTHAMPTON, PA 18067-1677
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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