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Property profile & analytics
FOR LEASE
Office buildings
2987 Corporate Ct Orefield, PA 18069
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-2591202
For Lease
1 / 3
$16 SF/Yr
2987 Corporate Ct, Orefield, PA 18069
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
6,984 SF
Lot
1.41 ac (61,637 SF)
Zoning code
RV
APN
544794039100-1
UPID
US73-2591202
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
-
Schoffstall Elder Law Law Firm
-
Lehigh Valley Office Financial Advisor
-
Cornerstone Portfolios Financial Advisor
-
Livin The Dream Charitable Organization Social Service Agency
-
Sorelle Aesthetics Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$835k
Comparable Approach
Comparable
$843k
Blend (final)
Blend
$820k
Owner & transaction history
Husson & Jacobs · 1 yrs held
Husson & Jacobs
since 2025
5 recorded transactions
Zoning & alternative use
RV · Orefield, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+27.8%
Auto repair, garage
$1.1M
+8.9%
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 Orefield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orefield 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%
$905,000
6.5%
$835,000
7%
$775,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,040,000
Current use
RESTAURANT
$1,325,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,130,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$935,000
Change: -10% · Conversion: Easy
RETAIL STORES
$850,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$117 / 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
$19,608
Tax year 2024
Assessed value
$802,600
Assessed 2024
Previous assessed
$802,600
+0.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$98,600
Assessed improvement
$704,000
Land market value
$98,600
Improvement market value
$704,000
Total market value
$802,600
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2000
Heating
YES
Cooling
YES
Stories
2
Total area
6,984 SF
Lot
1.41 ac (61,637 SF)
Zoning code
RV
APN
544794039100-1
UPID
US73-2591202
Jurisdiction
LEHIGH
Zoning & alternative use
RV · Orefield, PA
Zoning RV · permitted uses
RV · Orefield, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orefield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$935,000
RETAIL STORES
Est. value
$850,000
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
2000
Heating
YES
Cooling
Yes
Stories
2
Lot
1.41 ac
Current owner
From public records · entity-resolved
Husson & Jacobs
Individual
Mailing address
2987 CORPORATE CT, OREFIELD, PA 18069-3161
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2025
—
Husson & Jacobs
—
Deed
related
$409,500 · Embassy Bank For The Lehigh Valley
Jun 8, 2017
—
Husson & Jacobs Rpm
—
Deed
related
$450,000 · Embassy Bk/lehigh Vly
Sep 3, 2009
—
Husson Rpm
—
Trustees Deed
related
$110,078 · Neffs National Bank
—
—
Husson & Jacobs Rpm
—
Deed Of Trust
related
$450,000 · Embassy Bk/lehigh Vly
—
—
Husson Rpm
—
Deed Of Trust
related
$656,100 · Neffs National 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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