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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Investment properties
232 Main St Emmaus, PA 18049-2703
Individually Owned
1-yr Hold
Property ID
US73-0853282
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1865
Construction
BRICK
Total area
4,487 SF
Lot
0.46 ac (20,038 SF)
Zoning code
B-C
APN
549466810879-1
UPID
US73-0853282
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
-
Stacey Figueroa | Lehigh Valley Home Guide | Better Homes and Gardens Real Estate Valley Partners Real Estate Agency
-
United Employment Agency Employment Agency
-
Better Homes and Gardens Real Estate Valley Partners: Heather Davis Real Estate Agency
-
Better Homes and Gardens Real Estate Valley Partners Real Estate Agency
-
Kocher Jr William F Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$710k
Comparable Approach
Comparable
$742k
Blend (final)
Blend
$705k
Owner & transaction history
Stephen M Gould · 1 yrs held
Stephen M Gould
since 2025
6 recorded transactions
Zoning & alternative use
B-C · Emmaus, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$960,000
+59.7%
Auto repair, garage
$725,000
+20.8%
Office building
$665,000
+11.0%
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 Emmaus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Emmaus 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%
$770,000
6.5%
$710,000
7%
$660,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$600,000
Current use
MEDICAL BUILDING
$960,000
Change: +60% · Conversion: Easy
AUTO REPAIR, GARAGE
$725,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$665,000
Change: +11% · Conversion: Easy
RETAIL STORES
$545,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$157 / 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
$12,506
Tax year 2024
Assessed value
$387,600
Assessed 2024
Previous assessed
$387,600
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$140,300
Assessed improvement
$247,300
Land market value
$140,300
Improvement market value
$247,300
Total market value
$387,600
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1865
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
1
Rooms
12
Bathrooms
6
Total area
4,487 SF
Lot
0.46 ac (20,038 SF)
Zoning code
B-C
APN
549466810879-1
UPID
US73-0853282
Jurisdiction
LEHIGH
Zoning & alternative use
B-C · Emmaus, PA
Zoning B-C · permitted uses
B-C · Emmaus, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Emmaus. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$600,000
MEDICAL BUILDING
Est. value
$960,000
AUTO REPAIR, GARAGE
Est. value
$725,000
OFFICE BUILDING
Est. value
$665,000
RETAIL STORES
Est. value
$545,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1865
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
1
Rooms
12
Bathrooms
6
Lot
0.46 ac
Current owner
From public records · entity-resolved
Stephen M Gould
Individual
Mailing address
232 MAIN ST, EMMAUS, PA 18049-2703
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Jun 6, 2025
—
Stephen M Gould
Stephen M Gould
Deed
related
$430,000 · Embassy Bank For The Lehigh Valley
Nov 29, 2018
$550,000
Gordon K Schantz
Gordon K Schantz
Deed
related
$425,000 · Jim Thorpe Neighborhood Bank
Mar 27, 2018
—
Gordon K Schantz
Schantz,gordon K
Quit Claim Deed
related
—
—
—
Gordon K Schantz
—
Deed Of Trust
related
$316,000 · First Star Savings Bank
—
—
Gordon K Schantz
—
Deed Of Trust
related
$150,000 · Michael Weber
—
—
Gordon K Schantz
—
Deed Of Trust
related
$47,000 · Lafayette Ambassador 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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