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Property profile & analytics
OFF-MARKET
Estimated value
$41,865,000
Industrial properties
2485 Commerce Ctr Blvd Bethlehem, PA 18015-9549
Entity Owned
13-yr Hold
Free & Clear
Property ID
US73-3024228
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
2014
Total area
676,788 SF
Lot
39.39 ac (1,715,828 SF)
Zoning code
HI
APN
P7 22 2-4-61 0204
UPID
US73-3024228
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
-
Primark Distribution Center Storage Facility
-
DHL/ Primark Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$46.86M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$41.87M
Owner & transaction history
Lvip Lot 61 Owner LLC · 13 yrs held
Lvip Lot 61 Owner LLC
since 2013
2 recorded transactions
Zoning & alternative use
HI · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$50,765,000
6.5%
$46,860,000
7%
$43,515,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$65,670,000
Current use
COMMERCIAL (GENERAL)
$63,990,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$41.87M
Range $37.68M – $46.05M · ±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
$62 / 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
$902,913
Tax year 2024
Assessed value
$10,215,100
Assessed 2024
Previous assessed
$9,208,000
+10.9% YoY
Effective rate
8.84%
On assessed value
Assessed land
$2,157,600
Assessed improvement
$8,057,500
Land market value
$4,315,200
Improvement market value
$16,115,000
Total market value
$20,430,200
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
Off-Market
Year built
2014
Heating
YES
Cooling
CENTRAL
Total area
676,788 SF
Lot
39.39 ac (1,715,828 SF)
Zoning code
HI
APN
P7 22 2-4-61 0204
UPID
US73-3024228
Jurisdiction
NORTHAMPTON
Zoning & alternative use
HI · Bethlehem, PA
Zoning HI · permitted uses
HI · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$65.7M
COMMERCIAL (GENERAL)
Est. value
$64.0M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
2014
Heating
YES
Cooling
Yes
Lot
39.39 ac
Current owner
From public records · entity-resolved
Lvip Lot 61 Owner LLC
Entity
Free & Clear · 13 yrs held
Mailing address
2323 VICTORY AVE STE #1500, DALLAS, TX 75219-7657
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2013
$6,400,000
Lvip Lot 61 Owner LLC
Lehigh Valley Indl Park INC
Grant Deed
—
—
—
Lvip Lot 61 Owner LLC
—
Deed Of Trust
related
$107,000,000 · Miscellaneous Ins Co
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.
Try Rey
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