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Property profile & analytics
FOR LEASE
Community centers
400 North Best Ave Walnutport, PA 18088
Entity Owned
4-yr Hold
Free & Clear
Property ID
US73-1838396
No photos on file
For Lease
$3,540,000
400 North Best Ave, Walnutport, PA 18088
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1995
Total area
118,072 SF
Lot
12.69 ac (552,776 SF)
Zoning code
R40
APN
J2 7 29C 0516
UPID
US73-1838396
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
-
Miracle-Ear Hearing Aid Store Audiologist
-
Sears Appliance Repair Home Appliance Store
-
ATM Atm
-
Cosimo D. Stout, RPh Pharmacy
-
Heather Zavecz Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.54M
Owner & transaction history
Irpg Wp LLC · 4 yrs held
Irpg Wp LLC
since 2022
Last sale
$3.7M
4 recorded transactions
Zoning & alternative use
R40 · Walnutport, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.5M
+313.9%
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 Walnutport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walnutport 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
$3,390,000
ML approach
$3,370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,540,000
Change: +314% · Conversion: Difficult
Blend value · Realmo final
$3.54M
Range $3.19M – $3.89M · ±10% · vs last sale $3.70M (May 5 2022)
Last sale anchor
$3.70M
May 5 2022
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
$30 / 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
$96,026
Tax year 2024
Assessed value
$1,306,300
Assessed 2024
Previous assessed
$1,306,300
+0.0% YoY
Effective rate
7.35%
On assessed value
Assessed land
$198,500
Assessed improvement
$1,107,800
Land market value
$397,000
Improvement market value
$2,215,600
Total market value
$2,612,600
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1995
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Rooms
1
Total area
118,072 SF
Lot
12.69 ac (552,776 SF)
Zoning code
R40
APN
J2 7 29C 0516
UPID
US73-1838396
Jurisdiction
NORTHAMPTON
Zoning & alternative use
R40 · Walnutport, PA
Zoning R40 · permitted uses
R40 · Walnutport, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Walnutport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.5M
APARTMENT HOUSE (5+ UNITS)
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
1995
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
12.69 ac
Current owner
From public records · entity-resolved
Irpg Wp LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1611 POND RD STE #200, ALLENTOWN, PA 18104-2258
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2022
—
Irpg Wp LLC
—
Deed
related
$3,000,000 · Peoples Security Bank & Trust Company
May 5, 2022
$3,700,000
Irpg Wp LLC
Lvm Development LLC
Deed
—
Nov 27, 2019
—
Seritage Kmt Finance LLC
—
Grant Deed
related
$2,000,000,000 · Berkshire Hathaway Life Ins Co
Aug 5, 2015
$6,271,760
Seritage Kmt Finance LLC
Kmart Corporation
Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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