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Property profile & analytics
FOR LEASE
Industrial properties
2325 Newlins Mill Rd Easton, PA 18045
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-3892487
For Lease
1 / 2
$28,760,000
2325 Newlins Mill Rd, Easton, PA 18045
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
1900
Total area
247,226 SF
Lot
33.68 ac (1,467,101 SF)
Zoning code
DP/IP
APN
K8 5 1 0324
UPID
US73-3892487
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
-
Carson Building E Apartment Building
-
NRI 3PL (PA) Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$28.28M
Comparable Approach
Comparable
$17.33M
Blend (final)
Blend
$28.76M
Owner & transaction history
Township Of Palmer · 3 yrs held
Township Of Palmer
since 2023
7 recorded transactions
Zoning & alternative use
DP/IP · Easton, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$37.8M
+53.2%
Commercial (general)
$30.9M
+25.5%
Restaurant
$27.7M
+12.3%
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 Easton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Easton 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%
$30,635,000
6.5%
$28,280,000
7%
$26,260,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$24,645,000
Current use
MEDICAL BUILDING
$37,750,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$30,915,000
Change: +25% · Conversion: Difficult
RESTAURANT
$27,685,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$25,490,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$23,050,000
Change: -6% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$20,170,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$28.76M
Range $25.88M – $31.64M · ±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
$116 / 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
$617,123
Tax year 2024
Assessed value
$6,963,700
Assessed 2024
Previous assessed
$6,963,700
+0.0% YoY
Effective rate
8.86%
On assessed value
Assessed land
$505,200
Assessed improvement
$6,458,500
Land market value
$1,010,400
Improvement market value
$12,917,000
Total market value
$13,927,400
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
For Lease
Year built
1900
Heating
YES
Cooling
WINDOW A/C
Buildings
3
Stories
2
Rooms
8
Bathrooms
1
Total area
247,226 SF
Lot
33.68 ac (1,467,101 SF)
Zoning code
DP/IP
APN
K8 5 1 0324
UPID
US73-3892487
Jurisdiction
NORTHAMPTON
Zoning & alternative use
DP/IP · Easton, PA
Zoning DP/IP · permitted uses
DP/IP · Easton, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Easton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$24.6M
MEDICAL BUILDING
Est. value
$37.8M
COMMERCIAL (GENERAL)
Est. value
$30.9M
RESTAURANT
Est. value
$27.7M
RETAIL STORES
Est. value
$25.5M
AUTO REPAIR, GARAGE
Est. value
$23.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.2M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1900
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Rooms
8
Bathrooms
1
Lot
33.68 ac
Current owner
From public records · entity-resolved
Township Of Palmer
Individual
Mailing address
3 WELLER PL, PALMER, PA 18045-1975
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2023
—
Township Of Palmer
Carson Lehigh LLC
Deed
—
Aug 30, 2021
—
Carson Lehigh LLC
—
Deed
related
$10,000 · Lincoln Life & Annuity Company Of New Yo
Jul 31, 2019
—
Real Charles C Estate Trust
Chrin Trust
Quit Claim Deed
—
Jul 31, 2019
$7,201,728
Carson Lehigh LLC
Real Charles C Estate Trust
Grant Deed
—
Nov 15, 2012
—
Chrin Charles Trust
—
Deed Of Trust
related
$9,000,000 · Knbt
Aug 27, 2010
—
Charles Chrin
—
Deed Of Trust
related
$8,300,000 · Knbt
—
—
Chrin,charles Trust
—
Loan Modification
related
$6,000,000 · National Penn Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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