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Property profile & analytics
OFF-MARKET
Estimated value
$3,235,000
Garden apartment buildings
2603 Bethlehem Flds Way, Bethlehem, PA 18015-9537
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US73-3684065
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2005
Total area
24,354 SF
Lot
11.16 ac (486,130 SF)
Zoning code
HI
APN
Q7 15A1 0204
UPID
US73-3684065
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.28M
Comparable Approach
Comparable
$3.78M
Blend (final)
Blend
$3.24M
Owner & transaction history
Boyd Of Wilson Bethlehem Flds · 17 yrs held
Boyd Of Wilson Bethlehem Flds
since 2008
3 recorded transactions
Zoning & alternative use
HI · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.9M
+27.4%
Medical building
$3.7M
+21.5%
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%
$2,470,000
6.5%
$2,280,000
7%
$2,115,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,060,000
Current use
RETAIL STORES
$3,900,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$3,720,000
Change: +21% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,950,000
Change: -4% · Conversion: Difficult
RESTAURANT
$2,725,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$3.24M
Range $2.91M – $3.56M · ±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
$133 / 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
$694,648
Tax year 2024
Assessed value
$7,858,900
Assessed 2024
Previous assessed
$7,858,900
+0.0% YoY
Effective rate
8.84%
On assessed value
Assessed land
$258,400
Assessed improvement
$7,600,500
Land market value
$516,800
Improvement market value
$15,201,000
Total market value
$15,717,800
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2005
Heating
YES
Cooling
CENTRAL
Buildings
11
Units
8
Total area
24,354 SF
Lot
11.16 ac (486,130 SF)
Zoning code
HI
APN
Q7 15A1 0204
UPID
US73-3684065
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.1M
RETAIL STORES
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.0M
RESTAURANT
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
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
2005
Heating
YES
Cooling
Yes
Buildings
11
Units
8
Lot
11.16 ac
Current owner
From public records · entity-resolved
Boyd Of Wilson Bethlehem Flds
Individual
Mailing address
600 OLDE HICKORY RD STE #100, LANCASTER, PA 17601-4959
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2011
—
Boyd Of Wilson Bethlehem Flds LP
—
Deed Of Trust
related
$21,500,000 · First Niagara Bank
Jun 25, 2010
—
Boyd Of Wilson Bethlehem Flds LP
—
Deed Of Trust
related
$18,900,000 · National Penn Bank
Sep 24, 2008
$19,570,000
Boyd Of Wilson Bethlehem Flds
Bethlehem Fields Land I
Grant Deed
$22,835,000 · National Penn 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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