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Property profile & analytics
OFF-MARKET
Estimated value
$2,250,000
Retail space
38 Main St Hellertown, PA 18055-1743
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-4062794
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Total area
19,168 SF
Lot
2.36 ac (102,802 SF)
Zoning code
SC
APN
R7 4 6 0715
UPID
US73-4062794
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
$2.25M
CAP Approach
CAP
$2.29M
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$2.25M
Owner & transaction history
Habitat For Humanity Of Lehigh Vall · 2 yrs held
Habitat For Humanity Of Lehigh Vall
since 2024
Last sale
$2.3M
2 recorded transactions
Zoning & alternative use
SC · Hellertown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
IV Districts and Boundaries § 450-8 Classes of districts. § 450-9 District boundaries. § 450-9.1 Conditional uses. § 450-10 R-1 Residential. § 450-11 R-2 Residential. § 450-12 M Mixed. § 450-13 TC Town Center. § 450-14 SC Shopping Center. § 450-15 I Industrial. § 450-16 C Conservation. § 450-17 HC Highway Commercial District. § 450-17.1 Flexible Redevelopmen…
Zone name
Shopping Center
General category
COMMERCIAL
Zone area
87.08 ac
Top alternative use upside
Medical building
$2.9M
+15.4%
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 Hellertown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hellertown 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
$2,250,000
ML approach
$2,250,000
CAP Approach
CAP Return
Estimation
6%
$2,475,000
6.5%
$2,285,000
7%
$2,120,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,535,000
Current use
MEDICAL BUILDING
$2,925,000
Change: +15% · Conversion: Difficult
RESTAURANT
$2,145,000
Change: -15% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,135,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.25M
Range $2.03M – $2.48M · ±10% · vs last sale $2.25M (Apr 25 2024)
Last sale anchor
$2.25M
Apr 25 2024
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
$117 / 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
$31,036
Tax year 2024
Assessed value
$356,900
Assessed 2024
Previous assessed
$356,900
+0.0% YoY
Effective rate
8.70%
On assessed value
Assessed land
$130,200
Assessed improvement
$226,700
Land market value
$260,400
Improvement market value
$453,400
Total market value
$713,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1990
Heating
YES
Cooling
CENTRAL
Buildings
4
Stories
1
Rooms
1
Total area
19,168 SF
Lot
2.36 ac (102,802 SF)
Zoning code
SC
APN
R7 4 6 0715
UPID
US73-4062794
Jurisdiction
NORTHAMPTON
Zoning & alternative use
SC · Hellertown, PAZoning SC · permitted uses
SC · Hellertown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
IV Districts and Boundaries § 450-8 Classes of districts. § 450-9 District boundaries. § 450-9.1 Conditional uses. § 450-10 R-1 Residential. § 450-11 R-2 Residential. § 450-12 M Mixed. § 450-13 TC Town Center. § 450-14 SC Shopping Center. § 450-15 I Industrial. § 450-16 C Conservation. § 450-17 HC Highway Commercial District. § 450-17.1 Flexible Redevelopment Overlay District. § 450-17.2 TrOO Trail Oriented Overlay District. Article V Su
Zone name
Shopping Center
General category
COMMERCIAL
Zone area
87.08 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.9M
RESTAURANT
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
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
1990
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Rooms
1
Lot
2.36 ac
Current owner
From public records · entity-resolved
Habitat For Humanity Of Lehigh Vall
Individual
Mailing address
245 N GRAHAM ST, ALLENTOWN, PA 18109-2191
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2024
$2,250,000
Habitat For Humanity Of Lehigh Vall
Andrew B Panick JR
Special Warranty Deed
$5,000 · People First FCU
—
—
Andrew B Panick JR
—
Loan Modification
related
$975,000 · Lafayette Ambassador Bk
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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