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Property profile & analytics
OFF-MARKET
Estimated value
$3,300,000
Garden apartment buildings
3298 Jacksonville Rd, Bethlehem, PA 18017-2302
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-3460422
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2004
Total area
39,215 SF
Lot
10.02 ac (436,471 SF)
Zoning code
PHR
APN
M6 21 1 0214
UPID
US73-3460422
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
-
Jack Calahan Inc Construction Company
-
Hanover Glen Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.67M
Comparable Approach
Comparable
$2.29M
Blend (final)
Blend
$3.30M
Owner & transaction history
Hanover Glen Associates LLC · 6 yrs held
Hanover Glen Associates LLC
since 2019
6 recorded transactions
Zoning & alternative use
PHR · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$3,975,000
6.5%
$3,670,000
7%
$3,410,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,140,000
Current use
AUTO REPAIR, GARAGE
$4,750,000
Change: -8% · Conversion: Difficult
RESTAURANT
$4,390,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$3.30M
Range $2.97M – $3.63M · ±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
$84 / 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
$171,315
Tax year 2024
Assessed value
$2,350,000
Assessed 2024
Previous assessed
$2,350,000
+0.0% YoY
Effective rate
7.29%
On assessed value
Assessed land
$375,500
Assessed improvement
$1,974,500
Land market value
$751,000
Improvement market value
$3,949,000
Total market value
$4,700,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2004
Heating
YES
Cooling
CENTRAL
Buildings
2
Total area
39,215 SF
Lot
10.02 ac (436,471 SF)
Zoning code
PHR
APN
M6 21 1 0214
UPID
US73-3460422
Jurisdiction
NORTHAMPTON
Zoning & alternative use
PHR · Bethlehem, PA
Zoning PHR · permitted uses
PHR · 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
$5.1M
AUTO REPAIR, GARAGE
Est. value
$4.8M
RESTAURANT
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS) Current
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
2004
Heating
YES
Cooling
Yes
Buildings
2
Lot
10.02 ac
Current owner
From public records · entity-resolved
Hanover Glen Associates LLC
Entity
Mailing address
101 EISENHOWER PKWY STE #410, ROSELAND, NJ 07068-1055
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2019
$10,000,000
Hanover Glen Associates LLC
Hanover Glen INC
Deed
related
$7,875,000 · Peapack Gladstone Bank
Nov 13, 2018
—
Hanover Glen INC
—
Deed
related
$630,000 · Peoples Sec Bk&tr
—
—
Hanover Glen INC
—
Loan Modification
related
$400,000 · National Penn Bank
—
—
Hanover Glen INC
—
Deed Of Trust
related
$750,000 · Peoples Sec Bk&tr
—
—
Hanover Glen INC
—
Deed Of Trust
related
$630,000 · Peoples Sec Bk&tr
—
—
Hanover Glen INC
—
Deed Of Trust
related
$3,110,000 · 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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