Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2151 Emrick Blvd Bethlehem, PA 18020-8001

    • Industrial properties
    • 25,682 SF
    • 2.67 lot acres
    OFF-MARKET
    Value Estimations
    $2,245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1670398
    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

    • Franklin Farms East, Inc. / Big Box & Wholesale Store / Food Market
    • Lehigh Eye Specialists / Eye Care Center / Medical Clinic
    • Dr. Masayuki Kazahaya / Ophthalmologist
    • Easton Primary Care / Employment Agency
    • Nancy J. Fulmer, MSN / Physician

    Property Details for 2151 Emrick Blvd

    Year built
    2005
    Lot size
    2.67 lot acres
    Property size
    25,682 SF
    Zone code
    OB
    Property type
    Industrial properties
    APN
    M8 9 14-41 0205
    APU
    M8914410205

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,180,000
      6.5%
      $2,940,000
      7%
      $2,730,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,677,000
      Market price range: $228k - $1.68M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,490,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $3,365,000
      Change: +35% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,110,000
      Change: +25% Conversion: Easy
      RESTAURANT
      $2,875,000
      Change: +15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethlehem
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.2919
    Latitude
    40.6524
    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
    $82,189
    $93,500
    $977,500
    $1,071,000
    -
    $187,000
    $1,955,000
    $2,142,000

    Comparable in this City

    • Value Estimation
      $16,990,000
      312,950 SF

      4270 Fritch Dr

      INDUSTRIAL PARK • 312,950 SF
      4270 Fritch Dr, Bethlehem, PA 18020-9412
      View Details
    • Value Estimation
      $10,955,000
      137,060 SF

      2400 Baglyos Cir

      INDUSTRIAL PARK • 137,060 SF
      2400 Baglyos Cir, Bethlehem, PA 18020-8024
      View Details
    • Value Estimation
      $12,470,000
      207,393 SF

      2475 Brodhead Rd

      INDUSTRIAL PARK • 207,393 SF
      2475 Brodhead Rd, Bethlehem, PA 18020-8906
      View Details
    • Value Estimation
      $2,695,000
      39,505 SF

      2501 Emrick Blvd

      INDUSTRIAL PARK • 39,505 SF
      2501 Emrick Blvd, Bethlehem, PA 18020-8009
      View Details
    • Value Estimation
      $2,395,000
      28,922 SF

      2800 Emrick Blvd

      INDUSTRIAL (GENERAL) • 28,922 SF
      2800 Emrick Blvd, Bethlehem, PA 18020
      View Details
    • Value Estimation
      $865,000
      11,250 SF

      4255 Fritch Dr

      INDUSTRIAL PARK • 11,250 SF
      4255 Fritch Dr, Bethlehem, PA 18020
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,632 SF

      Remodeled Office with Attached Warehouse

      Remodeled office with attached warehouse/garage, ideal for contractors or shipping.
      2005 Willow Park Rd, Bethlehem, PA 18020
      View Details
    • Contact for pricing

      Prime Land Parcels For Sale

      3.87 acres of land in thriving Lehigh Valley.
      3741 Nazareth Pike, Bethlehem, PA 18020
      View Details
    • Contact for pricing

      Bethlehem Retail Center For Sale

      166,937 SF retail center in a dense residential area.
      2920 Easton Ave, Bethlehem, PA 18020
      View Details
    • Contact for pricing

      Approved Land Near Downtown Bethlehem

      Land approved for a single-story 12,000 SF building.
      4317 Easton Ave, Bethlehem, PA 18020
      View Details
    • $1,400,000
      14.00 Acres

      Agricultural Land in Lower Nazareth

      14 acre level agricultural lot in Lower Nazareth Township.
      Hecktown Rd, Bethlehem, PA 18020
      View Details
    • $2,250,000
      14,016 SF

      Retail Property on 3.1 Acres

      Retail property with three structures totaling approximately 14,016 square feet.
      4186 Easton Ave, Bethlehem, PA 18020
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Flex/Warehouse/Office Spaces in Bethlehem

      Multiple flex, warehouse, and office spaces available for lease.
      2800 Baglyos Cir, Bethlehem, PA 18020
      View Details
    • Contact for pricing
      866,350 SF

      Bethlehem Warehouse with Route 33 Access

      866,350 SF warehouse with 40' ceilings, near Route 33.
      1600 Freemansburg Ave, Bethlehem, PA 18020
      View Details
    • $11 SF/Yr

      Lehigh Valley Flex/Industrial Building

      36,406 SF flex/industrial building in Lehigh Valley Industrial Park.
      2020 Highland Ave, Bethlehem, PA 18020
      View Details
    • Contact for pricing
      40,500 SF

      Flex/Office Space in Bethlehem

      Adaptable 6,335 SF flex/office space available for lease.
      2440-2458 Brodhead Rd, Bethlehem, PA 18020
      View Details
    • Contact for pricing

      Modern Industrial Space in Bethlehem

      70,000 SF industrial sublease opportunity in Lehigh Valley.
      2500 Emrick Blvd, Bethlehem, PA 18020
      View Details
    • Contact for pricing

      Class A Office Space Available

      First floor office suite in professional office park for lease.
      3100 Emrick Blvd, Bethlehem, PA 18020
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2151 Emrick Blvd
    Bethlehem, PA 18020-8001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!