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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Office buildings
2019 Industrial Dr Bethlehem, PA 18017-2160
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US73-0409063
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
8,750 SF
Lot
0.66 ac (28,706 SF)
Zoning code
CS
APN
641858747099-1
UPID
US73-0409063
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
-
LV Sleep Solutions Dental Office
-
Dr. Dan Reyes DC - Active Life Auto Work & Sport Alternative Medicine Practice
-
Dr. Michael Petrillo Dental Office
-
Dr. Patrick Petrillo Dental Office
-
Lehigh Valley Smile Designs Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$754k
Blend (final)
Blend
$940k
Owner & transaction history
Lindly Associates · 25 yrs held
Lindly Associates
since 2000
6 recorded transactions
Zoning & alternative use
CS · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+13.0%
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%
$1,135,000
6.5%
$1,050,000
7%
$975,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,300,000
Current use
RETAIL STORES
$1,470,000
Change: +13% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,250,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,145,000
Change: -12% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,060,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±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
$107 / 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
$24,060
Tax year 2024
Assessed value
$847,200
Assessed 2024
Previous assessed
$847,200
+0.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$39,500
Assessed improvement
$807,700
Land market value
$39,500
Improvement market value
$807,700
Total market value
$847,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Heating
YES
Cooling
YES
Stories
2
Total area
8,750 SF
Lot
0.66 ac (28,706 SF)
Zoning code
CS
APN
641858747099-1
UPID
US73-0409063
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
OFFICE BUILDING Current
Est. value
$1.3M
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1981
Heating
YES
Cooling
Yes
Stories
2
Lot
0.66 ac
Current owner
From public records · entity-resolved
Lindly Associates
Entity
Mailing address
3386 BINGEN RD, BETHLEHEM, PA 18015-5715
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2020
—
Lindly Associates
—
Deed
related
$430,000 · Pnc Bk
Dec 28, 2000
$775,000
Lindly Associates
R & M Real Estate Co INC
Grant Deed
$620,000 · Pnc Bank
—
—
Lindly Associates
—
Deed Of Trust
related
$467,000 · Pnc Bk
—
—
Lindly Associates
—
Loan Modification
related
$430,000 · Pnc Bk
—
—
Lindly Associates
—
Deed Of Trust
related
$593,000 · National Penn Bank
—
—
Lindly Associates
—
Deed Of Trust
related
$665,000 · Keystone Savings 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.
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