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Property profile & analytics
OFF-MARKET
Estimated value
$3,570,000
Manufacturing properties
4243 Lonat Dr Nazareth, PA 18064-8403
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US73-5819070
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1973
Total area
62,470 SF
Lot
7.11 ac (309,712 SF)
Zoning code
C
APN
K7 21 2D 0418
UPID
US73-5819070
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
$4.49M
Blend (final)
Blend
$3.57M
Owner & transaction history
Greenell Properties LLC · 16 yrs held
Greenell Properties LLC
since 2009
6 recorded transactions
Zoning & alternative use
C · Nazareth, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.5M
+7.5%
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 Nazareth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nazareth 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,120,000
Current use
COMMERCIAL (GENERAL)
$5,500,000
Change: +7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,095,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.57M
Range $3.21M – $3.93M · ±10%
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
$57 / 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
$56,442
Tax year 2024
Assessed value
$775,200
Assessed 2024
Previous assessed
$775,200
+0.0% YoY
Effective rate
7.28%
On assessed value
Assessed land
$163,900
Assessed improvement
$611,300
Land market value
$327,800
Improvement market value
$1,222,600
Total market value
$1,550,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1973
Heating
YES
Cooling
CENTRAL
Stories
1
Rooms
1
Total area
62,470 SF
Lot
7.11 ac (309,712 SF)
Zoning code
C
APN
K7 21 2D 0418
UPID
US73-5819070
Jurisdiction
NORTHAMPTON
Zoning & alternative use
C · Nazareth, PA
Zoning C · permitted uses
C · Nazareth, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nazareth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$5.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1973
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Lot
7.11 ac
Current owner
From public records · entity-resolved
Greenell Properties LLC
Entity
Mailing address
PO BOX 877, EASTON, PA 18044-0877
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2010
—
Greenell Properties LLC
—
Deed Of Trust
related
$2,227,500 · Lehigh Valley Economic Dev Cor
Dec 23, 2009
$2,250,000
Greenell Properties LLC
Arneg Holdings USA INC
Grant Deed
$2,227,500 · Lafayette Ambassador Bank
Dec 31, 2002
$2,000,000
Arneg Holdings USA INC
Arneg INC
Grant Deed
related
—
—
—
Greenell Properties LLC
—
Deed Of Trust
related
$2,227,500 · Lafayette Ambassador Bank
—
—
Greenell Properties LLC
—
Loan Modification
related
$850,000 · Lafayette Ambassador Bk
—
—
Arneg Holdings USA INC
—
Deed Of Trust
related
$4,480,000 · National Bank Canada
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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