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    500 Washington St Easton, PA 18042-4434
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    Property profile & analytics

    500 Washington St, Easton, PA 18042-4434

    View on Map
    • Assisted living facilities
    • 40,476 SF
    • 1.03 lot acres
    Off-Market
    Property ID
    US73-0898913
    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.
    Value Estimations
    $845,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Gardens for Memory Care at Easton / Nursing Home
    • Praxis / Nursing Home

    Property Details for 500 Washington St

    Year built
    1978
    Lot size
    1.03 lot acres
    Zone code
    CHDD
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    L9SE2D 20 1 0310
    APU
    L9SE2D2010310

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 28, 2020 — Maybrook P Opco Holdings LLC — Deed · related $11.8M · Greystone Funding Company LLC
    Feb 7, 2019 — Maybrook-p Praxis Propco LLC Maybrook-p Easton Propco LLC Quit Claim Deed —
    Jun 5, 2018 — Maybrook-p Praxis Propco LLC — Deed · related $114.7M · Cibc Bk USA
    Aug 18, 2016 $15,510,611 Maybrook-p Easton Propco LLC Easton Nursing Center Assocs Grant Deed $117M · Privatebank & Tr
    Jul 14, 2011 — Easton Nursing Center Assocs — Deed Of Trust · related $18M · Capitalsource Bank
    — — Maybrook-p Praxis Propco LLC — Loan Modification · related $114.7M · Cibc Bk USA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $715,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $975,000
      Market price range: $492k - $2.43M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $1,295,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Easton
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.2132
    Latitude
    40.687
    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
    $105,037
    $340,400
    $672,100
    $1,012,500
    -
    $680,800
    $1,344,200
    $2,025,000

    Comparable in this City

    • Value Estimation
      $1,090,000
      47,886 SF

      498 Washington St

      HOMES (RETIRED, NURSING)
      498 Washington St, Easton, PA 18042-4432
      View Details
    • Value Estimation by Request
      3,634 SF

      1022 Northampton St

      HOMES (RETIRED, NURSING)
      1022 Northampton St, Easton, PA 18042-4234
      View Details
    • Value Estimation
      $610,000
      6,800 SF

      2040 Northampton St

      HOMES (RETIRED, NURSING)
      2040 Northampton St, Easton, PA 18042-3140
      View Details
    • Value Estimation
      $620,000
      31,731 SF

      2125 Fairview Ave

      HOMES (RETIRED, NURSING)
      2125 Fairview Ave, Easton, PA 18042-3813
      View Details
    • Value Estimation
      $1,770,000
      26,600 SF

      250 21st St

      MEDICAL BUILDING
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      View Details
    • Value Estimation by Request
      3,480 SF

      825 Old Philadelphia Rd

      DENTAL BUILDING
      825 Old Philadelphia Rd, Easton, PA 18042
      View Details

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      Turnkey Restaurant Opportunity Near College

      Fully equipped restaurant near Lafayette College, ready for new owner.
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      Easton Storefront in High-Visibility Corridor

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      1,699 SF

      Retail Spaces in West Easton

      Two retail spaces available for lease in West Easton.
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      18,339 SF

      Renovated Bank Executive Offices

      Executive offices in renovated bank with utilities included and common areas.
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      View Details
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      Freestanding Industrial Building For Lease

      72,102 SF industrial building with solar power system.
      1150 Centre St, Easton, PA 18042
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      Easton Commercial Flex Space Available

      Two free-span buildings ideal for service-based or light commercial uses.
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      View Details
    • $1,300 /Mo

      231 7Th St

      Prime Office Space for Lease – Downtown Easton-Directly across from the District Courthouse
      231 7Th St, Easton, PA 18042
      View Details
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    Easton, PA 18042-4434
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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.

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