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Property profile & analytics
OFF-MARKET
Investment properties
3868 Rte 378, Bethlehem, PA 18015-4632
Individually Owned
3-yr Hold
Property ID
US73-5776384
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1934
Total area
5,192 SF
Lot
0.31 ac (13,552 SF)
Zoning code
R12
APN
Q6NW2 2 15 0719
UPID
US73-5776384
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Roderick Morrison 9 6 1995 Family T · 3 yrs held
Roderick Morrison 9 6 1995 Family T
since 2023
Last sale
$357,500
7 recorded transactions
Zoning & alternative use
R12 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,928
Tax year 2024
Assessed value
$69,800
Assessed 2024
Previous assessed
$69,800
+0.0% YoY
Effective rate
7.06%
On assessed value
Assessed land
$29,500
Assessed improvement
$40,300
Land market value
$59,000
Improvement market value
$80,600
Total market value
$139,600
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1934
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Rooms
1
Total area
5,192 SF
Lot
0.31 ac (13,552 SF)
Zoning code
R12
APN
Q6NW2 2 15 0719
UPID
US73-5776384
Jurisdiction
NORTHAMPTON
Zoning & alternative use
R12 · Bethlehem, PA
Zoning R12 · permitted uses
R12 · 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.
Building & site characteristics
From public records
Year built
1934
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Roderick Morrison 9 6 1995 Family T
Individual
Mailing address
6349 GLN RD, COOPERSBURG, PA 18036-8916
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2023
$357,500
Roderick Morrison 9 6 1995 Family T
Black River Farms INC
Special Warranty Deed
—
May 13, 2016
—
Black River Farms INC
—
Deed
related
$240,000 · Lafayette Ambassador Bank
Feb 23, 2015
$90,000
Black River Farms INC
Apex Mtg
Grant Deed
$100,000 · Embassy Bk/lehigh Vly
Sep 7, 2011
$1,746
Apex Mtg
Sheriff Of Northampton County
Trustees Deed
—
Dec 23, 2004
$165,000
2502 A LLC
Wasco,michael F & Jody L
Grant Deed
—
Aug 29, 2001
$98,000
Michael F Wasco
Desch,barbara M
Grant Deed
$105,000 · Equity One INC
—
—
Black River Farms INC
—
Deed Of Trust
related
$36,000 · Embassy Bk/lehigh Vly
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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