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    3215 Schoenersville Rd Bethlehem, PA 18017-2103
    Property profile & analytics

    3215 Schoenersville Rd Bethlehem, PA 18017-2103

    View on Map
    • Strip malls
    • 9,044 SF
    • 2.03 lot acres
    Off-Market
    Property ID
    US73-0727309
    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
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Saladworks / Take-out & Catering / Catering Service

    Property Details for 3215 Schoenersville Rd

    Year built
    2008
    Lot size
    2.03 lot acres
    Property size
    9,044 SF
    Zone code
    CS
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    641950251932-1
    APU
    6419502519321

    Description

    This Bethlehem, PA retail property, Schoenersville Centre, offers 2,400 square feet of available space, divisible to 1,200 square feet, ideal for a credit tenant. Located at 3215 Schoenersville Rd, this two-building, single-story strip center and restaurant space boasts a total of 16,296 square feet and eight suites. The property sits on a 2.03-acre lot (88,339 square feet) and features ample parking with over 90 spaces. Built in 2008, the center enjoys a convenient location just north of Route 22 at the signalized intersection of Schoenersville Road and Avenue C, benefiting from high visibility and accessibility. The CS zoning allows for a variety of retail uses. The property is situated near Lehigh Valley Academy and is anchored by established businesses including Starbucks, Moe's Southwest Grill, Supercuts, Health Network Labs, and SaladWorks. The available space is a second-generation end-cap restaurant space. The property's parcel number is 641950251932 001.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $495,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $558,000
      Market price range: $233k - $559k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $355,000
      Current use
      AUTO REPAIR, GARAGE
      $870,000
      Change: +145% Conversion: Difficult
      MEDICAL BUILDING
      $710,000
      Change: +101% Conversion: Difficult
      OFFICE BUILDING
      $665,000
      Change: +88% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $575,000
      Change: +63% Conversion: Easy
      WAREHOUSE, STORAGE
      $565,000
      Change: +60% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethlehem
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4183
    Latitude
    40.6569
    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
    $96,560
    $728,800
    $2,671,200
    $3,400,000
    -
    $728,800
    $2,671,200
    $3,400,000

    Comparable in this City

    • Value Estimation
      $1,020,000
      107,454 SF

      1800 Stefko Blvd

      SHOPPING CENTER, STRIP CENTER • 107,454 SF
      1800 Stefko Blvd, Bethlehem, PA 18017
      View Details
    • Value Estimation by Request
      133,899 SF

      1880 Stefko Blvd

      Lifestyle centers • 133,899 SF
      1880 Stefko Blvd, Bethlehem, PA 18017
      View Details
    • Value Estimation
      $12,335,000
      110,949 SF

      2260 Industrial Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 110,949 SF
      2260 Industrial Dr, Bethlehem, PA 18017-2138
      View Details
    • Value Estimation
      $505,000
      6,000 SF

      2260 Industrial Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 6,000 SF
      2260 Industrial Dr, Bethlehem, PA 18017-2138
      View Details
    • Value Estimation
      $10,065,000
      62,161 SF

      2002 Industrial Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 62,161 SF
      2002 Industrial Dr, Bethlehem, PA 18017-2134
      View Details
    • Value Estimation
      $7,005,000
      43,248 SF

      3155 Schoenersville Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 43,248 SF
      3155 Schoenersville Rd, Bethlehem, PA 18017-2102
      View Details

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    Similar Nearby for Lease

    • $25 SF/Yr
      1,538 SF

      Retail Spaces on Stefko Boulevard

      Retail spaces available in Bethlehem, PA from 1,538 SF.
      1732-1740 Stefko Blvd, Bethlehem, PA 18017
      View Details
    • $25 SF/Yr
      2,400 SF

      Restaurant Space in Schoenersville Centre

      2,400 SF restaurant space available in Bethlehem, PA.
      3209-3219 Schoenersville Rd, Bethlehem, PA 18017
      View Details
    • Contact for pricing

      Bethlehem Shopping Center For Rent

      Destination shopping center in an established Bethlehem community.
      1880 Stefko Blvd, Bethlehem, PA 18017
      View Details
    • Contact for pricing
      2,372 SF

      Grocery Anchored Shopping Center Space

      Retail space available in vibrant, recently renovated shopping center.
      2285-2431 Schoenersville Rd, Bethlehem, PA 18017
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in Bethlehem Plaza

      Retail space available in Bethlehem, PA with anchor tenants.
      1818-1880 Stefko Blvd, Bethlehem, PA 18017
      View Details
    • $28 SF/Yr

      Bethlehem City Restaurant Space Available

      Restaurant space for lease in Schoenersville Centre.
      3211 Schoenersville Rd, Bethlehem, PA 18017
      View Details
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    Bethlehem, PA 18017-2103
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    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
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