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Property profile & analytics
OFF-MARKET
Estimated value
$65,560,000
Industrial properties
4930 Hanoverville Rd, Bethlehem, PA 18020-9478
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US73-5820032
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
2005
Total area
605,906 SF
Lot
94.28 ac (4,106,837 SF)
Zoning code
A
APN
L6 17 4 0418
UPID
US73-5820032
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
-
C&S Wholesale Grocers Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$69.31M
Comparable Approach
Comparable
$87.81M
Blend (final)
Blend
$65.56M
Owner & transaction history
Prologis Na3 Pa · 18 yrs held
Prologis Na3 Pa
since 2007
4 recorded transactions
Zoning & alternative use
A · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$97.1M
+65.1%
Commercial (general)
$95.2M
+61.9%
Medical building
$92.5M
+57.4%
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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$75,080,000
6.5%
$69,305,000
7%
$64,355,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$58,790,000
Current use
RETAIL STORES
$97,060,000
Change: +65% · Conversion: Moderate
COMMERCIAL (GENERAL)
$95,180,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$92,520,000
Change: +57% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$79,405,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$73,420,000
Change: +25% · Conversion: Easy
RESTAURANT
$67,850,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$65.56M
Range $59.00M – $72.12M · ±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
$108 / 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
$1,773,652
Tax year 2024
Assessed value
$24,360,000
Assessed 2024
Previous assessed
$24,360,000
+0.0% YoY
Effective rate
7.28%
On assessed value
Assessed land
$1,308,700
Assessed improvement
$23,051,300
Land market value
$2,617,400
Improvement market value
$46,102,600
Total market value
$48,720,000
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
2005
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
1
Total area
605,906 SF
Lot
94.28 ac (4,106,837 SF)
Zoning code
A
APN
L6 17 4 0418
UPID
US73-5820032
Jurisdiction
NORTHAMPTON
Zoning & alternative use
A · Bethlehem, PA
Zoning A · permitted uses
A · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$58.8M
RETAIL STORES
Est. value
$97.1M
COMMERCIAL (GENERAL)
Est. value
$95.2M
MEDICAL BUILDING
Est. value
$92.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$79.4M
AUTO REPAIR, GARAGE
Est. value
$73.4M
RESTAURANT
Est. value
$67.9M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RESTAURANT
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
2005
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Lot
94.28 ac
Current owner
From public records · entity-resolved
Prologis Na3 Pa
Individual
Mailing address
1800 WAZEE ST STE #500, DENVER, CO 80202-2526
Ownership since
2007
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 1, 2007
—
Prologis Na3 Pa
Dp Industrial LLC
Grant Deed
related
—
Jul 26, 2007
$95,485,306
Prologis Na3 Pa
Dp Industrial LLC
Grant Deed
—
—
—
Prologis Na3 Pa
—
Deed Of Trust
related
$73,295,631 · Metropolitan Life Insurance
—
—
Prologis Na3 Pa
—
Deed Of Trust
related
$144,704,369 · Metropolitan Life Insurance
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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