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    Property profile & analytics

    372 Delaware Ave Palmerton, PA 18071-1820

    • Banks
    • 816 SF
    • 0.35 lot acres
    OFF-MARKET
    Last Sale
    Mar 25, 2025
    $650,000
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-3221970
    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.

    Current Use by Public Records

    • KeyBank ATM / Atm

    Property Details for 372 Delaware Ave

    Year built
    1903
    Lot size
    0.35 lot acres
    Property size
    816 SF
    Property type
    Banks
    APN
    42A-48-H18
    APU
    42A48H18

    Description

    This exceptional 11,602 square foot freestanding retail building, formerly a bank, presents a unique investment opportunity in the heart of Palmerton, PA. Located on Delaware Avenue, this single-tenant property boasts a highly desirable location with excellent visibility and accessibility. The building features a convenient drive-thru, providing added convenience for potential tenants and customers. Ample parking is available on-site, ensuring ease of access for patrons. The property benefits from its strategic placement within the bustling downtown area, surrounded by established businesses such as Family Dollar, Dunkin' Donuts, and Rite Aid, creating a strong retail synergy. This property is ideal for a variety of retail uses, offering significant potential for growth and profitability. The building's size and features make it suitable for a wide range of businesses seeking a prominent location in a thriving community. Its former use as a bank suggests a solid foundation and potentially adaptable interior layout. The property is available for both lease and sale, offering flexibility to prospective buyers and tenants. Serious inquiries are encouraged to explore this exceptional opportunity to acquire a prime retail space in a vibrant Pennsylvania town. All offers are being considered.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $560,000
      ML approach
      $575,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmerton
    County
    Carbon
    State
    Pennsylvania
    Longitude
    -75.6077
    Latitude
    40.8022
    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
    $32,864
    $17,100
    $341,350
    $358,450
    -
    $34,200
    $682,700
    $716,900

    Comparable in this City

    • Value Estimation
      $75,000
      816 SF

      330 Delaware Ave

      FINANCIAL BUILDING • 816 SF
      330 Delaware Ave, Palmerton, PA 18071-1814
      View Details
    • Value Estimation
      $345,000
      1,240 SF

      720 4th St At Lafayette Ave

      FINANCIAL BUILDING • 1,240 SF
      720 4th St At Lafayette Ave, Palmerton, PA 18071
      View Details
    • Value Estimation
      $255,000
      1,440 SF

      505 Delaware Ave

      BARBER, HAIR SALON • 1,440 SF
      505 Delaware Ave, Palmerton, PA 18071-1910
      View Details
    • Value Estimation
      $220,000
      1,108 SF

      Oak St

      RETAIL STORES (PERSONAL SERVICES) • 1,108 SF
      Oak St, Palmerton, PA 18071
      View Details
    • Value Estimation
      $200,000
      624 SF

      242-244 Delaware Ave

      RETAIL STORES (PERSONAL SERVICES) • 624 SF
      242-244 Delaware Ave, Palmerton, PA 18071
      View Details
    • Value Estimation
      $210,000
      816 SF

      306 Delaware Ave

      RETAIL STORES (PERSONAL SERVICES) • 816 SF
      306 Delaware Ave, Palmerton, PA 18071-1814
      View Details

    Similar Nearby for Sale

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      Large commercial building with flexible space and ample parking.
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      Spacious Commercial Building in Palmerton

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      Palmerton Retail Space: Prime Location

      9,260 sq ft retail space, ample parking.
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    • $199,900
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      Palmerton Corner Lot Opportunity

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    Similar Nearby for Lease

    • $4,500 /Mo

      Prime Office Space Available

      First floor office space in Palmerton Boro, PA.
      185 Delaware Ave, Palmerton, PA 18071
      View Details
    • $2,400 /Mo
      11,829 SF

      Prime Palmerton Office Space Available

      2,000 sq ft office space on Delaware Avenue.
      179 1St St, Palmerton, PA 18071
      View Details
    • $4,500 /Mo
      11,829 SF

      Palmerton Office Space For Rent

      First floor office space available for immediate occupancy.
      185 Delaware Ave, Palmerton, PA 18071
      View Details
    • $2,400 /Mo

      Prime Office Space Available

      2,000 sq ft office space in great condition.
      179 Delaware Ave, Palmerton, PA 18071
      View Details
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    372 Delaware Ave
    Palmerton, PA 18071-1820
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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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