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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Garden apartment buildings
3211 Farmersville Rd, Bethlehem, PA 18020-9778
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-3555906
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1982
Total area
13,500 SF
Lot
5.47 ac (238,273 SF)
Zoning code
MDR
APN
M7SE2 3 33A 0205
UPID
US73-3555906
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
$1.27M
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.25M
Owner & transaction history
Ruland & Ruland LLC · 9 yrs held
Ruland & Ruland LLC
since 2016
4 recorded transactions
Zoning & alternative use
MDR · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.1M
+16.5%
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 Bethlehem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bethlehem 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%
$1,370,000
6.5%
$1,265,000
7%
$1,175,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,770,000
Current use
MEDICAL BUILDING
$2,060,000
Change: +17% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,635,000
Change: -8% · Conversion: Difficult
RESTAURANT
$1,510,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±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
$93 / 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
$13,990
Tax year 2024
Assessed value
$182,300
Assessed 2024
Previous assessed
$182,300
+0.0% YoY
Effective rate
7.67%
On assessed value
Assessed land
$109,200
Assessed improvement
$73,100
Land market value
$218,400
Improvement market value
$146,200
Total market value
$364,600
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1982
Heating
YES
Cooling
WINDOW A/C
Stories
1
Units
3
Total area
13,500 SF
Lot
5.47 ac (238,273 SF)
Zoning code
MDR
APN
M7SE2 3 33A 0205
UPID
US73-3555906
Jurisdiction
NORTHAMPTON
Zoning & alternative use
MDR · Bethlehem, PA
Zoning MDR · permitted uses
MDR · Bethlehem, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bethlehem. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RESTAURANT
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
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
1982
Heating
YES
Cooling
Yes
Stories
1
Units
3
Lot
5.47 ac
Current owner
From public records · entity-resolved
Ruland & Ruland LLC
Entity
Mailing address
PO BOX 3084, BETHLEHEM, PA 18017-0084
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2023
—
Southwood Associates LLC
—
Deed
related
$1,875,000 · Northfield Bank
Jun 6, 2022
—
Ruland & Ruland LLC
—
Deed
related
$50,000 · The Fidelity Deposit & Discount Bank
Jul 29, 2019
—
Ruland And Ruland LLC
—
Deed
related
$100,000 · Merchants Bank Of Bangor
Oct 17, 2016
$550,000
Ruland & Ruland LLC
K & E Corp
Grant Deed
$575,000 · Peoples Sec Bk&tr
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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