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    Property profile & analytics

    2024 Lehigh St Easton, PA 18042-3817

    • High-rise multifamily apartments
    • 156,202 SF
    • 1.25 lot acres
    OFF-MARKET
    Value Estimations
    $10,920,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-3961521
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • EASTON SPECIALTY PHARMACY / Department Store
    • UPS Access Point location / Courier Service / Postal Service

    Property Details for 2024 Lehigh St

    Year built
    1970
    Lot size
    1.25 lot acres
    Property size
    156,202 SF
    Zone code
    R2
    Property type
    High-rise multifamily apartments
    APN
    L9SW1C 23 2 0837
    APU
    L9SW1C2320837

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $15,840,000
      6.5%
      $14,625,000
      7%
      $13,580,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,223,000
      Market price range: $8.70M - $21.2M
      AI Estimate
      $6,916,000
      Market price range: $2.95M - $12.1M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $12,745,000
      Current use
      RESTAURANT
      $17,490,000
      Change: +37% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $14,565,000
      Change: +14% Conversion: Difficult
      RETAIL STORES
      $14,495,000
      Change: +14% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $11,765,000
      Change: -8% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Easton
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.242
    Latitude
    40.6864
    CBSA code
    10900
    CBSA name
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $252,015
    $62,800
    $2,557,800
    $2,620,600
    -
    $125,600
    $5,115,600
    $5,241,200

    Comparable in this City

    • Value Estimation
      $530,000
      10,860 SF

      619 Walnut Ave

      HIGH-RISE APARTMENTS • 10,860 SF
      619 Walnut Ave, Easton, PA 18042-4457
      View Details
    • Value Estimation
      $4,220,000
      94,340 SF

      Washington St

      HIGH-RISE APARTMENTS • 94,340 SF
      Washington St, Easton, PA 18042
      View Details
    • Value Estimation
      $755,000
      16,026 SF

      623 Walnut Ave

      HIGH-RISE APARTMENTS • 16,026 SF
      623 Walnut Ave, Easton, PA 18042-4439
      View Details
    • Value Estimation
      $1,330,000
      85,228 SF

      56 3rd St

      HIGH-RISE APARTMENTS • 85,228 SF
      56 3rd St, Easton, PA 18042-3615
      View Details
    • Value Estimation
      $3,620,000
      81,420 SF

      457 Lincoln St

      HIGH-RISE APARTMENTS • 81,420 SF
      457 Lincoln St, Easton, PA 18042-6588
      View Details
    • Value Estimation
      $2,845,000
      37,950 SF

      215 Michael J Koury Pl

      HIGH-RISE APARTMENTS • 37,950 SF
      215 Michael J Koury Pl, Easton, PA 18042-8738
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,000 SF

      Mixed-Use Property with Commercial Kitchen

      Mixed-use commercial property with income and commercial kitchen in Easton.
      1707 Washington Blvd, Easton, PA 18042
      View Details
    • $1,900,000
      21,091 SF

      Easton Multifamily Investment Opportunity

      Well-maintained, fully occupied 12-unit apartment building in Easton, PA.
      1440 Washington St, Easton, PA 18042
      View Details
    • $3,470,000
      Pending

      Iconic Easton Arts Building

      Mixed-use property with gallery, studios, apartments, and fitness gym.
      230 Ferry St, Easton, PA 18042
      View Details
    • $640,000

      Fully Occupied 5-Unit Multifamily Building

      Fully leased 5-unit building in Easton with income potential.
      801 W Berwick St, Easton, PA 18042
      View Details
    • New
      $1,450,000
      8,382 SF

      Easton Mixed-Use Investment Opportunity

      Four-story building with businesses and apartments in downtown Easton.
      425 Northampton St, Easton, PA 18042
      View Details
    • $2,000,000
      8,615 SF

      Turn-Key Easton Investment Property

      Fully occupied 9-unit apartment building with garages in Easton, PA.
      228 N 14Th St, Easton, PA 18042
      View Details

    Similar Nearby for Lease

    • $1,300 /Mo

      231 7Th St

      Prime Office Space for Lease – Downtown Easton-Directly across from the District Courthouse
      231 7Th St, Easton, PA 18042
      View Details
    • $7 SF/Yr
      72,102 SF

      Freestanding Industrial Building For Lease

      72,102 SF industrial building with heated warehouse and solar power.
      1150 Centre St, Easton, PA 18042
      View Details
    • New
      $1,400 /Mo
      5,881 SF

      Easton Commercial Space For Rent

      Highly visible corner lot with great natural light and parking.
      161 W Berwick St, Easton, PA 18042
      View Details
    • $575 /Mo
      18,339 SF

      Renovated Bank Executive Offices

      Executive offices in renovated bank with utilities included and common areas.
      1733 Washington Blvd, Easton, PA 18042
      View Details
    • New
      $1,150 /Mo
      1,699 SF

      Retail Spaces in West Easton

      Two retail spaces available for lease in West Easton.
      704 East St, Easton, PA 18042
      View Details
    • Contact for pricing

      Freestanding Industrial Building For Lease

      72,102 SF industrial building with solar power system.
      1150 Centre St, Easton, PA 18042
      View Details
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    2024 Lehigh St
    Easton, PA 18042-3817
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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