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Property profile & analytics
FOR LEASE
Manufacturing properties
2906 William Penn Hwy, Easton, PA 18045
Entity Owned
16-yr Hold
Free & Clear
Property ID
US73-2064393
For Lease
1 / 13
$4,200/Mo
2906 William Penn Hwy, Easton, PA 18045
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1900
Total area
24,762 SF
Lot
17.57 ac (765,349 SF)
Zoning code
HI
APN
M9 30 1 0324
UPID
US73-2064393
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
$2.83M
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$2.27M
Owner & transaction history
Advance Associates · 16 yrs held
Advance Associates
since 2010
1 recorded transaction
Zoning & alternative use
HI · Easton, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.1M
+25.5%
Restaurant
$2.8M
+12.3%
Retail stores
$2.6M
+3.4%
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%
$3,070,000
6.5%
$2,830,000
7%
$2,630,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,470,000
Current use
COMMERCIAL (GENERAL)
$3,095,000
Change: +25% · Conversion: Difficult
RESTAURANT
$2,775,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$2,555,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,310,000
Change: -6% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,020,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.27M
Range $2.04M – $2.49M · ±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
$91 / 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
$94,389
Tax year 2024
Assessed value
$1,065,100
Assessed 2024
Previous assessed
$1,065,100
+0.0% YoY
Effective rate
8.86%
On assessed value
Assessed land
$176,800
Assessed improvement
$888,300
Land market value
$353,600
Improvement market value
$1,776,600
Total market value
$2,130,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1900
Heating
NONE
Cooling
NONE
Buildings
16
Stories
1
Rooms
1
Total area
24,762 SF
Lot
17.57 ac (765,349 SF)
Zoning code
HI
APN
M9 30 1 0324
UPID
US73-2064393
Jurisdiction
NORTHAMPTON
Zoning & alternative use
HI · Easton, PA
Zoning HI · permitted uses
HI · 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
$2.5M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RESTAURANT
Est. value
$2.8M
RETAIL STORES
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
INDUSTRIAL (GENERAL) Current
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
NONE
Cooling
Yes
Stories
1
Buildings
16
Rooms
1
Lot
17.57 ac
Current owner
From public records · entity-resolved
Advance Associates
Entity
Free & Clear · 16 yrs held
Mailing address
2906 WILLIAM PENN HWY, EASTON, PA 18045-5256
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2010
—
Advance Associates
Northampton Cnty Indl Dev Aut
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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