Sign Up Successful!
You now have access to more from Realmo!
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

    251 Erdman St Bangor, PA 18013-2043

    • Auto shops
    • 5,536 SF
    • 0.62 lot acres
    OFF-MARKET
    Last Sale
    Jul 10, 2023
    $230,000
    Value Estimations
    $230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0073132
    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

    • Auto shops

    Property Details for 251 Erdman St

    Year built
    1940
    Lot size
    0.62 lot acres
    Property size
    5,536 SF
    Zone code
    R10
    Property type
    Auto shops
    APN
    E9 8 3 0102
    APU
    E9830102

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $230,000
      ML approach
      $240,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.2021
    Latitude
    40.8682
    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
    $6,403
    $30,000
    $44,000
    $74,000
    -
    $60,000
    $88,000
    $148,000

    Comparable in this City

    • Value Estimation
      $265,000
      2,730 SF

      306 Lincoln Ave

      AUTO REPAIR, GARAGE • 2,730 SF
      306 Lincoln Ave, Roseto, PA 18013-1232
      View Details
    • Value Estimation
      $215,000
      2,952 SF

      460 1st St

      AUTO REPAIR, GARAGE • 2,952 SF
      460 1st St, Bangor, PA 18013-2641
      View Details
    • Value Estimation by Request
      1,808 SF

      127 Cleveland Ave

      AUTO REPAIR, GARAGE • 1,808 SF
      127 Cleveland Ave, East Bangor, PA 18013-2228
      View Details
    • Value Estimation
      $230,000
      3,276 SF

      Murray St

      AUTO REPAIR, GARAGE • 3,276 SF
      Murray St, Bangor, PA 18013
      View Details
    • Value Estimation
      $1,905,000
      5,840 SF

      552 Mt Bethel Hwy

      AUTO REPAIR, GARAGE • 5,840 SF
      552 Mt Bethel Hwy, Bangor, PA 18013-5244
      View Details
    • Value Estimation
      $315,000
      15,352 SF

      510 Murray St

      AUTO REPAIR, GARAGE • 15,352 SF
      510 Murray St, Bangor, PA 18013-2850
      View Details

    Similar Nearby for Sale

    • $409,900
      3,070 SF

      Bangor Auto Body Repair Garage

      3070 SF auto body repair garage with paint booth.
      337 N 6Th St, Bangor, PA 18013
      View Details
    • $499,990
      10,682 SF

      Redevelopment Opportunity in Gateway Commercial Zone

      Redevelopment opportunity with flexible zoning for various commercial uses.
      333 S 1St St, Bangor, PA 18013
      View Details
    • $1,099,000
      19,826 SF

      Riverton Restaurant & Hotel

      Prime Bangor Restaurant, Hotel, & Home
      9494 Riverton Rd, Bangor, PA 18013
      View Details
    • Contact for pricing
      0.29 Acres

      Bangor Restaurant - Turnkey Opportunity

      Fully equipped, high-traffic location, lease or buy.
      6618 Delaware Dr, Bangor, PA 18013
      View Details
    • $350,000
      4,487 SF

      Bangor Restaurant & Bar for Sale

      Turn-key restaurant/bar, prime location
      6618 Delaware Dr, Bangor, PA 18013
      View Details
    • Contact for pricing
      2,500 SF

      Downtown Bangor Commercial Space Available

      Ground floor commercial space with basement and backyard.
      42 Market St, Bangor, PA 18013
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      1,600 SF

      Auto Garage with Spray Booth

      1600 SF auto garage with spray booth for lease.
      337 N 6Th St, Bangor, PA 18013
      View Details
    • $3,200 /Mo
      2,244 SF

      Turn-Key Restaurant/Bar Opportunity

      Fully equipped restaurant/bar for lease in Bangor, PA.
      6618 S Delaware Dr, Bangor, PA 18013
      View Details
    • Contact for pricing
      62,663 SF

      Capitol Plaza Retail Center

      Pen Argyl Retail Space Available
      412 Blue Valley Dr, Bangor, PA 18013
      View Details
    • Contact for pricing
      14,600 SF

      Anchored Retail Center For Lease

      Well-located retail center with excellent connectivity and strong market drivers.
      450 Blue Valley Dr, Bangor, PA 18013
      View Details
    • $2,100 /Mo

      High Traffic Retail/Office Space

      Versatile space in busy strip mall, ideal for various businesses.
      71 Bangor Junction Rd, Bangor, PA 18013
      View Details
    • $54,000
      4,487 SF

      Prime Restaurant Space for Lease

      Turn-key restaurant, fully equipped, high traffic location.
      6618 Delaware Dr, Bangor, PA 18013
      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.
    251 Erdman St
    Bangor, PA 18013-2043
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.