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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    406 Delaware Ave Bethlehem, PA 18015-1469

    • Office Properties & Spaces
    • 8,657 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    $1,170,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1132230
    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

    • The Restoration Space / Medical Clinic
    • Spencer Julie T / Physician
    • Flexibility Training Center - Intrinsic Health Systems / Gym & Fitness Center
    • Daniel J Bowers, MD / Physician / Medical Clinic
    • St. Luke's Colon and Rectal Surgery / Physician / Medical Clinic

    Property Details for 406 Delaware Ave

    Year built
    1900
    Lot size
    0.28 lot acres
    Property size
    8,657 SF
    Zone code
    RG
    Property type
    Office Properties & Spaces
    APN
    P6SW2B 5 1 0204
    APU
    P6SW2B510204

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,460,000
      6.5%
      $1,350,000
      7%
      $1,250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,144,000
      Market price range: $599k - $1.14M
      AI Estimate
      $1,020,000
      Market price range: $408k - $1.02M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $820,000
      Current use
      RETAIL STORES
      $1,385,000
      Change: +69% Conversion: Easy
      MEDICAL BUILDING
      $1,320,000
      Change: +62% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,090,000
      Change: +33% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,050,000
      Change: +28% Conversion: Difficult
      RESTAURANT
      $970,000
      Change: +18% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $840,000
      Change: +3% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethlehem
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.3887
    Latitude
    40.6107
    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
    $23,415
    $27,900
    $237,000
    $264,900
    -
    $55,800
    $474,000
    $529,800

    Comparable in this City

    • Value Estimation
      $10,855,000
      80,216 SF

      240 Emery St

      OFFICE (GENERAL) • 80,216 SF
      240 Emery St, Bethlehem, PA 18015-1980
      View Details
    • Value Estimation
      $5,525,000
      44,592 SF

      119 Technology Dr

      OFFICE (GENERAL) • 44,592 SF
      119 Technology Dr, Bethlehem, PA 18015-1327
      View Details
    • Value Estimation
      $3,835,000
      28,346 SF

      839 Sesame St

      OFFICE (GENERAL) • 28,346 SF
      839 Sesame St, Bethlehem, PA 18015-1391
      View Details
    • Value Estimation by Request
      1,920 SF

      520 Brodhead Ave

      OFFICE (GENERAL) • 1,920 SF
      520 Brodhead Ave, Bethlehem, PA 18015-3008
      View Details
    • Value Estimation by Request
      2,128 SF

      307 4th St

      OFFICE (GENERAL) • 2,128 SF
      307 4th St, Bethlehem, PA 18015-1775
      View Details
    • Value Estimation
      $1,155,000
      8,549 SF

      102 4th St

      OFFICE (GENERAL) • 8,549 SF
      102 4th St, Bethlehem, PA 18015-1606
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.39 Acres

      Bethlehem Office Space For Lease

      Prime Medical Building Office, Great Location
      522 Delaware Ave, Bethlehem, PA 18015
      View Details
    • $255,000
      2,154 SF

      Turnkey Automotive Repair Shop

      Profitable automotive repair/body shop in South Bethlehem, PA for sale.
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      Bethlehem Commercial Land - $649,900

      Prime South Bethlehem Development Opportunity
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      View Details
    • $1,750,000
      4,710 SF

      Bethlehem 10-Unit Multifamily Investment

      High-Yield Bethlehem Multifamily, Turnkey Ready
      1147 4Th St, Bethlehem, PA 18015
      View Details
    • $750,000
      4.23 Acres

      Land in Saucon Overlook

      4+ acre lot in Saucon Valley's serene, natural setting.
      2609 Saddleback Ln, Bethlehem, PA 18015
      View Details
    • $625,000
      0.80 Acres

      Prime Development Land Opportunity

      0.8 acres at signalized intersection, excellent development potential.
      3632 Route 378, Bethlehem, PA 18015
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      127,832 SF

      Bethlehem Executive Office Space

      Class A Office Suites in Southside Bethlehem
      306 New St, Bethlehem, PA 18015
      View Details
    • $2,000 /Mo
      4,356 SF

      Bethlehem City Commercial Space Available

      First floor commercial space in Southside Bethlehem available for rent.
      408 E Adams St, Bethlehem, PA 18015
      View Details
    • $14 SF/Yr
      41,246 SF

      Bethlehem Creative Office Space

      Modern Office Suite, 2,902 SF, Ample Parking
      1720 Spillman Dr, Bethlehem, PA 18015
      View Details
    • $28 SF/Yr

      Bethlehem City Commercial Space Available

      Restaurant/retail/office space in Bethlehem's Southside Arts District.
      30 E 3Rd St, Bethlehem, PA 18015
      View Details
    • $2,800 /Mo
      4,356 SF

      Southside Bethlehem Second Floor Office

      Second floor office space in Bethlehem City available for lease.
      30 E 4Th St, Bethlehem, PA 18015
      View Details
    • $20 SF/Yr
      18,295 SF

      Fountain Hill Medical/Professional Office Space

      2,600 SF medical/professional office space for lease in Fountain Hill.
      736 Delaware Ave, Bethlehem, PA 18015
      View Details
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    406 Delaware Ave
    Bethlehem, PA 18015-1469
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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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