Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    306 W Main St Pen Argyl, PA 18072
    Back to Search
    Property profile & analytics

    306 W Main St, Pen Argyl, PA 18072

    View on Map
    • Assisted living facilities
    • 10,610 SF
    • 0.62 lot acres
    For Sale
    $995,000
    View Listing →
    Personal Care Facility in Pen Argyl For Sale
    $995,000
    10,600 SF

    Personal Care Facility in Pen Argyl

    Well-maintained 25-bed personal care facility with experienced staff.

    306 W Main Street, Pen Argyl, PA 18072
    View Listing
    Property ID
    US73-2008657
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Morning Star Manor Inc. / Nursing Home / Retirement Community
    • Gap View Personal Care Home / Nursing Home

    Property Details for 306 W Main St

    Year built
    1900
    Lot size
    0.62 lot acres
    Zone code
    IL
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    E8NE3A 3 3A 0625
    APU
    E8NE3A33A0625

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 14, 2023 — Gap View Realty Lcc — Deed · related $476k · The Fidelity Deposit & Discount Bank
    Nov 1, 2022 $695,000 Gap View Realty LLC Morning Star Manor INC Deed $465k · Commonwealth Capital LLC
    — — Morning Star Manor INC — Deed Of Trust · related $225k · Pnc Bank
    — — Morningstar Manor INC — Deed Of Trust · related $120k · Pennsylvania Mennonite FCU

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $635,000
      ML approach
      $575,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $970,000
      RETAIL STORES
      $900,000
      RESTAURANT
      $880,000
      MEDICAL BUILDING
      $840,000
      COMMERCIAL (GENERAL)
      $745,000
      APARTMENT HOUSE (5+ UNITS)
      $500,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pen Argyl
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.2562
    Latitude
    40.8651
    CBSA code
    10900
    CBSA name
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,789
    $22,000
    $86,700
    $108,700
    -
    $44,000
    $173,400
    $217,400

    Comparable in this City

    • Value Estimation
      $9,050,000
      18,582 SF

      1569 Teels Rd

      HOMES (RETIRED, NURSING)
      1569 Teels Rd, Pen Argyl, PA 18072-9796
      View Details
    • Value Estimation by Request
      0.33 Acres

      Alpha Rd

      VACANT COMMERCIAL LAND
      Alpha Rd, Pen Argyl, PA 18072
      View Details
    • Value Estimation by Request
      0.98 Acres

      Bocce Clb Rd

      VACANT COMMERCIAL LAND
      Bocce Clb Rd, Pen Argyl, PA 18072
      View Details
    • Value Estimation by Request
      0.03 Acres

      Young St

      PARKING LOT
      Young St, Pen Argyl, PA 18072
      View Details
    • Value Estimation by Request
      0.02 Acres

      George St

      VACANT COMMERCIAL LAND
      George St, Pen Argyl, PA 18072
      View Details
    • Value Estimation by Request
      0.09 Acres

      Mack Rd

      VACANT COMMERCIAL LAND
      Mack Rd, Pen Argyl, PA 18072
      View Details

    Similar Nearby for Sale

    • $995,000
      10,600 SF

      Personal Care Facility in Pen Argyl

      Well-maintained 25-bed personal care facility with experienced staff.
      306 W Main St, Pen Argyl, PA 18072
      View Details
    • $300,000
      12.24 Acres

      12-Acre Blank Canvas in Plainfield

      Build your custom legacy on this massive, sun-drenched parcel.
      1600 Pen Argyl Rd, Pen Argyl, PA 18072
      View Details
    • $495,000
      8,298 SF

      Former Bank Building in Pen Argyl

      Commercial building with character, visibility, and functionality in Pen Argyl.
      215 S Robinson Ave, Pen Argyl, PA 18072
      View Details
    • $449,000
      Pending

      Former Bank with Drive-Thru Access

      Former bank with drive-thru, retail area, and parking.
      1 N Robinson Ave, Pen Argyl, PA 18072
      View Details
    • New
      $380,000
      4,100 SF

      Turnkey Duplex with Finished Attics

      Fully rented duplex with updated interiors and finished attic space in both units, with tenants covering all utilities.
      16-18 E Main St, Pen Argyl, PA 18072
      View Details
    • Contact for pricing
      3,970 SF

      Updated Office Space in Pen Argyl

      Commercial space ideal for medical, professional services, or general office.
      101 S Schanck Ave, Pen Argyl, PA 18072
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr

      Pen Argyl Office Space Available

      Professional office space in a well-located former bank building.
      215 S Robinson Ave, Pen Argyl, PA 18072
      View Details
    • $11 SF/Yr
      884,268 SF

      Retail Space in Bangor Plaza

      Retail space available in grocery-anchored shopping center.
      1309 Blue Valley Dr, Pen Argyl, PA 18072
      View Details
    • $12 SF/Yr
      884,268 SF

      Retail Space in Bangor Plaza

      Retail spaces available in grocery-anchored shopping center.
      1309 Blue Valley Dr, Pen Argyl, PA 18072
      View Details
    • $3,750 /Mo

      Pen Argyl Parking Garage

      Five-bay parking garage available for lease in Pen Argyl.
      950 Pennsylvania Ave, Pen Argyl, PA 18072
      View Details
    • $1,500 /Mo
      1,904 SF

      Versatile Commercial Office Space Available

      1900+ SF commercial office space for lease in Pen Argyl.
      106 N Franklin St, Pen Argyl, PA 18072
      View Details
    • Contact for pricing
      3,484 SF

      Retail Space in Bangor Plaza

      Retail space available in a busy, anchored shopping center.
      1341-1383 Blue Valley Dr, Pen Argyl, PA 18072
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    306 W Main St
    Pen Argyl, PA 18072
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    306 W Main St, Pen Argyl, PA, 18072
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!