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Property profile & analytics
OFF-MARKET
Estimated value
$9,130,000
Industrial properties
3 Danforth Dr, Easton, PA 18045-7821
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-1211552
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
1984
Total area
107,310 SF
Lot
10.63 ac (462,956 SF)
Zoning code
POIP
APN
K8 5 2A-2 0324
UPID
US73-1211552
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
$8.37M
CAP Approach
CAP
$12.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.13M
Owner & transaction history
Triple Net Investments Lxxxvii LLC · 4 yrs held
Triple Net Investments Lxxxvii LLC
since 2022
Last sale
$9.7M
7 recorded transactions
Zoning & alternative use
POIP · Easton, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.4M
+25.5%
Restaurant
$12.0M
+12.3%
Retail stores
$11.1M
+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
$8,850,000
ML approach
$8,365,000
CAP Approach
CAP Return
Estimation
6%
$13,300,000
6.5%
$12,275,000
7%
$11,400,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$10,695,000
Current use
COMMERCIAL (GENERAL)
$13,420,000
Change: +25% · Conversion: Difficult
RESTAURANT
$12,015,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$11,065,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,005,000
Change: -6% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$8,755,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$9.13M
Range $8.22M – $10.04M · ±10% · vs last sale $9.65M (Jan 28 2022)
Last sale anchor
$9.65M
Jan 28 2022
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
$85 / 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
$173,075
Tax year 2024
Assessed value
$1,953,000
Assessed 2024
Previous assessed
$1,339,000
+45.9% YoY
Effective rate
8.86%
On assessed value
Assessed land
$159,400
Assessed improvement
$1,793,600
Land market value
$318,800
Improvement market value
$3,587,200
Total market value
$3,906,000
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
1984
Heating
YES
Cooling
CENTRAL
Stories
1
Rooms
15
Total area
107,310 SF
Lot
10.63 ac (462,956 SF)
Zoning code
POIP
APN
K8 5 2A-2 0324
UPID
US73-1211552
Jurisdiction
NORTHAMPTON
Zoning & alternative use
POIP · Easton, PA
Zoning POIP · permitted uses
POIP · 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
$10.7M
COMMERCIAL (GENERAL)
Est. value
$13.4M
RESTAURANT
Est. value
$12.0M
RETAIL STORES
Est. value
$11.1M
AUTO REPAIR, GARAGE
Est. value
$10.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.8M
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
1984
Heating
YES
Cooling
Yes
Stories
1
Rooms
15
Lot
10.63 ac
Current owner
From public records · entity-resolved
Triple Net Investments Lxxxvii LLC
Entity
Mailing address
171 RTE 173RD W STE #201, ASBURY, NJ 08802
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2022
$9,650,000
Triple Net Investments Lxxxvii LLC
Damico I Family Limited Partnership
Deed
—
Jun 20, 2013
—
Damico I Family LP
—
Deed Of Trust
related
$11,000,000 · Peoples United Bank
Apr 30, 2012
$1,416,450
Damico I Family Limited Partnership
John A Damico SR.
Deed
—
Apr 30, 2012
$3,553,550
Damico I Family LP
Damico Family Trust
Grant Deed
—
Sep 3, 2010
—
Damico Michelina Trust
Damico Michelina
Quit Claim Deed
related
$9,500,000 · Pnc Bank
Jun 9, 2004
—
Damico Trust
Damico John A & Michelina M
Quit Claim Deed
related
$7,700,000 · Sovereign Bank
—
—
Damico I Family LP
—
Loan Modification
related
$15,365,870 · People's United Bk
—
—
Damico I Family LP
—
Loan Modification
related
$800,000 · People's United Bk
—
—
Damico Family Trust
—
Deed Of Trust
related
$900,000 · Pnc 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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