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Property profile & analytics
OFF-MARKET
Estimated value
$10,575,000
Parking lots & garages
2029 Westgate Dr Rear Bethlehem, PA 18017-7412
Entity Owned
3-yr Hold
Free & Clear
Property ID
US73-1919228
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
1.43 ac (62,204 SF)
Zoning code
I
APN
641884183686-1
UPID
US73-1919228
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
-
Jasmine A. Rivera, PTA Physician
-
Courtney A. Nace, NP Physician
-
Bethlehem North Skilled Nursing and Rehabilitation Center Nursing Home
-
Shawn Anthony Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.58M
Owner & transaction history
2029 Westgate Drive Pa Owner LLC · 3 yrs held
2029 Westgate Drive Pa Owner LLC
since 2023
Last sale
$10.6M
5 recorded transactions
Zoning & alternative use
I · 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
$11,900,000
ML approach
$9,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.58M
Range $9.52M – $11.63M · ±10% · vs last sale $10.59M (Jan 4 2023)
Last sale anchor
$10.59M
Jan 4 2023
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
—
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
$7,662
Tax year 2024
Assessed value
$269,800
Assessed 2024
Previous assessed
$269,800
+0.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$253,500
Assessed improvement
$16,300
Land market value
$253,500
Improvement market value
$16,300
Total market value
$269,800
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Lot
1.43 ac (62,204 SF)
Zoning code
I
APN
641884183686-1
UPID
US73-1919228
Jurisdiction
LEHIGH
Zoning & alternative use
I · Bethlehem, PA
Zoning I · permitted uses
I · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
1.43 ac
Current owner
From public records · entity-resolved
2029 Westgate Drive Pa Owner LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4500 DORR ST, TOLEDO, OH 43615-4040
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2023
$10,588,080
2029 Westgate Drive Pa Owner LLC
Well Pm Properties LLC
Deed
—
Nov 2, 2016
—
Hcp Properties LP
—
Deed
related
$1,500,000,000 · * Other Institutional Lenders
Nov 7, 2008
$11,407,312
Hcr Manorcare Properties LLC
Manor Healthcare Corp
Grant Deed
related
—
—
—
Hcp Properties LP
—
Deed Of Trust
related
—
—
—
Hcp Properties LP
—
Deed Of Trust
related
$1,500,000,000 · * Other Institutional Lenders
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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