Individually Owned 
For Sale
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230 Ferry St, Easton, PA 18042
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Property summary
AI-generated overview
A mixed-use arts building in Easton, Pennsylvania, developed as a regional arts center, providing approximately 40,000 sq ft of interior space. The building includes gallery areas, artist workshops, business offices, photography studios, a full fitness gym, fashion design spaces, and a florist, along with two 3-bedroom residential apartments and an efficiency apartment. The top-floor penthouse level is configured with open areas and personal gallery space and provides views of the Delaware River and surrounding mountains; the remainder of that level has been used for a personal workshop and gallery space with potential for either residential or commercial use. Building systems and access features include a full sprinkler system throughout (including the basement), a fully serviced freight elevator, and multiple loading docks. Site features include six off-street parking spaces and an interior courtyard. The property is located near the City of Easton parking deck (less than one block away) and within walking distance of downtown amenities, local restaurants and stores, and the walking trail connecting downtown to College Hill.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1903
Total area
32,434 SF
Lot
0.32 ac (13,896 SF)
Zoning code
BRT
APN
L9SE2B 13 1 0310
UPID
US73-1465480
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Factory Production Facility
-
College
-
Gym & Fitness Center
-
Art Gallery
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.77M
Owner & transaction history
since 2022
2 recorded transactions
Zoning & alternative use
BRT · Easton, PA
Top alternative use upside
Apartment house (5+ units)
$2.6M
+8.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.77M
Value range
$1.59M – $1.94M
±10% around blend
Estimated value / SF
$54 / SF
Confidence
High
9 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
90
$1.59M
blend $1.77M
$1.94M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
32,434 SF
Lot area
0.32 ac
Year built
1903
Stories
1
APN
L9SE2B 13 1 0310
Zoning
BRT
Assessed value
$241,700
Annual tax
$25,074
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$4.07M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.1 mi away · 30,011 SF
4.1 mi away · 39,726 SF
6.7 mi away · 38,359 SF
12.4 mi away · 38,241 SF
12.9 mi away · 38,400 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.77M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 21 sales
$75
-28%
Submarket 51 sales
$94
-42%
County 156 sales
$82
-34%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $54/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+8%
vs current-use indication
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$242k
Move the market yield to see immediate price impact.
Value / SF
$7
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$15k
$305k
$218k
$169k
$17k
$338k
$242k
$188k
$19k
$372k
$266k
$207k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$3.50M
3.7 mi · Dec 2025 · $103/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$25,074
Tax year 2024
Assessed value
$241,700
Assessed 2024
Previous assessed
$241,700
+0.0% YoY
Effective rate
10.37%
On assessed value
Assessed land
$66,200
Assessed improvement
$175,500
Land market value
$132,400
Improvement market value
$351,000
Total market value
$483,400
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1903
Heating
YES
Cooling
NONE
Stories
1
Rooms
50
Total area
32,434 SF
Lot
0.32 ac (13,896 SF)
Zoning code
BRT
APN
L9SE2B 13 1 0310
UPID
US73-1465480
Jurisdiction
NORTHAMPTON
Zoning & alternative use
BRT · Easton, PAZoning BRT · permitted uses
BRT · Easton, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1903
Heating
YES
Cooling
Yes
Stories
1
Rooms
50
Lot
0.32 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BRT
Jurisdiction
Easton, PA
Recorded code
BRT
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BRT in Easton, PA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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