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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Auto shops
261 Race St Catasauqua, PA 18032-1914
Individually Owned
6-yr Hold
Free & Clear
Property ID
US73-2342730
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1935
Total area
11,326 SF
Lot
1.5 ac (65,253 SF)
Zoning code
CN
APN
640827594417-1
UPID
US73-2342730
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
-
Ultimate Spray on Bed liners & truck Accessories Auto Parts Store
-
A-Plus Collision Center Auto Parts Store
-
Best Truck Caps Auto Parts Store Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.04M
Owner & transaction history
John Schroeder · 6 yrs held
John Schroeder
since 2020
3 recorded transactions
Zoning & alternative use
CN · Catasauqua, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
of this chapter, Catasauqua Borough is hereby divided into the following zoning districts, with the following abbreviations: [Amended 6-1-2009 by Ord. No. 1238 ; 8-1-2016 by Ord. No. 1335 ] Abbreviation Name of District CN Conservation District R-1 Low Density Residential District R-2 Medium Density Residential District R-3 High Density Residential District…
Zone name
Conservation
General category
RESIDENTIAL
Zone area
96.86 ac
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 Catasauqua submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Catasauqua 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,685,000
Change: -8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,520,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±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
$92 / 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
$16,400
Tax year 2024
Assessed value
$414,300
Assessed 2024
Previous assessed
$499,700
-17.1% YoY
Effective rate
3.96%
On assessed value
Assessed land
$56,200
Assessed improvement
$358,100
Land market value
$56,200
Improvement market value
$358,100
Total market value
$414,300
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1935
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
11,326 SF
Lot
1.5 ac (65,253 SF)
Zoning code
CN
APN
640827594417-1
UPID
US73-2342730
Jurisdiction
LEHIGH
Zoning & alternative use
CN · Catasauqua, PAZoning CN · permitted uses
CN · Catasauqua, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
of this chapter, Catasauqua Borough is hereby divided into the following zoning districts, with the following abbreviations: [Amended 6-1-2009 by Ord. No. 1238 ; 8-1-2016 by Ord. No. 1335 ] Abbreviation Name of District CN Conservation District R-1 Low Density Residential District R-2 Medium Density Residential District R-3 High Density Residential District DC Downtown Commercial District GC General Commercial District TC Town Center Dist
Zone name
Conservation
General category
RESIDENTIAL
Zone area
96.86 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING
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
1935
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
1.5 ac
Current owner
From public records · entity-resolved
John Schroeder
Individual
Free & Clear · 6 yrs held
Mailing address
261 RACE ST, CATASAUQUA, PA 18032-1914
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jan 8, 2020
—
John Schroeder
John Schroeder
Quit Claim Deed
related
—
Oct 29, 2018
—
John Schroeder
Flores,dale R JR
Grant Deed
related
—
Sep 28, 2017
—
Department Of Transportation
John Schroeder
Grant Deed
related
—
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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