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Property profile & analytics
OFF-MARKET
Estimated value
$10,065,000
Outlet malls
2002 Industrial Dr Bethlehem, PA 18017-2134
Entity Owned
12-yr Hold
Free & Clear
Property ID
US73-3402865
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2014
Total area
62,161 SF
Lot
5.17 ac (225,379 SF)
Zoning code
CS
APN
641869207219-1
UPID
US73-3402865
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
-
Restaurant Depot Grocery & Convenience Store Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.52M
Comparable Approach
Comparable
$12.94M
Blend (final)
Blend
$10.07M
Owner & transaction history
Jmdh Real Estate Of Bethlehem LLC · 12 yrs held
Jmdh Real Estate Of Bethlehem LLC
since 2013
2 recorded transactions
Zoning & alternative use
CS · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.3M
+27.4%
Restaurant
$11.8M
+13.1%
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%
$7,060,000
6.5%
$6,520,000
7%
$6,050,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,445,000
Current use
MEDICAL BUILDING
$13,305,000
Change: +27% · Conversion: Difficult
RESTAURANT
$11,815,000
Change: +13% · Conversion: Easy
OFFICE BUILDING
$9,245,000
Change: -12% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,865,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$10.07M
Range $9.06M – $11.07M · ±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
$162 / 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
$104,853
Tax year 2024
Assessed value
$3,692,000
Assessed 2024
Previous assessed
$4,110,800
-10.2% YoY
Effective rate
2.84%
On assessed value
Assessed land
$1,690,300
Assessed improvement
$2,001,700
Land market value
$1,690,300
Improvement market value
$2,001,700
Total market value
$3,692,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2014
Heating
YES
Cooling
YES
Stories
1
Rooms
8
Bathrooms
1
Total area
62,161 SF
Lot
5.17 ac (225,379 SF)
Zoning code
CS
APN
641869207219-1
UPID
US73-3402865
Jurisdiction
LEHIGH
Zoning & alternative use
CS · Bethlehem, PA
Zoning CS · permitted uses
CS · 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
$10.4M
MEDICAL BUILDING
Est. value
$13.3M
RESTAURANT
Est. value
$11.8M
OFFICE BUILDING
Est. value
$9.2M
COMMERCIAL (GENERAL)
Est. value
$8.9M
RETAIL STORES Current
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2014
Heating
YES
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
1
Lot
5.17 ac
Current owner
From public records · entity-resolved
Jmdh Real Estate Of Bethlehem LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1710 WHITESTONE EXPY, WHITESTONE, NY 11357-3054
Ownership since
2013
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
Sep 19, 2013
$2,000,000
Jmdh Real Estate Of Bethlehem LLC
Wesley,joseph L & Marion M
Grant Deed
—
Mar 16, 2005
$1,350,000
Joseph L Wesley
Bob Young Trucking INC
Grant Deed
—
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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