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Property profile & analytics
OFF-MARKET
Estimated value
$16,315,000
Investment properties
502 3rd St, Bethlehem, PA 18015-1314
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-5882081
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2018
Total area
120,586 SF
Lot
1.48 ac (64,469 SF)
Zoning code
HI
APN
P6SE1B 6 3 0204
UPID
US73-5882081
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
-
Starbucks Cafe & Coffee Shop
-
Greenway Commons Bethlehem Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.79M
Comparable Approach
Comparable
$15.95M
Blend (final)
Blend
$16.32M
Owner & transaction history
Bethworks Greenway A LP · 9 yrs held
Bethworks Greenway A LP
since 2016
6 recorded transactions
Zoning & alternative use
HI · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$19.3M
+69.4%
Medical building
$18.4M
+61.5%
Apartment house (5+ units)
$15.2M
+33.0%
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%
$20,350,000
6.5%
$18,785,000
7%
$17,440,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$11,400,000
Current use
RETAIL STORES
$19,315,000
Change: +69% · Conversion: Easy
MEDICAL BUILDING
$18,415,000
Change: +62% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$15,160,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$14,610,000
Change: +28% · Conversion: Difficult
RESTAURANT
$13,505,000
Change: +18% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$11,700,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$16.32M
Range $14.68M – $17.95M · ±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
$135 / 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
$279,383
Tax year 2024
Assessed value
$3,160,800
Assessed 2024
Previous assessed
$3,160,800
+0.0% YoY
Effective rate
8.84%
On assessed value
Assessed land
$277,900
Assessed improvement
$2,882,900
Land market value
$555,800
Improvement market value
$5,765,800
Total market value
$6,321,600
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2018
Heating
YES
Cooling
CENTRAL
Units
95
Total area
120,586 SF
Lot
1.48 ac (64,469 SF)
Zoning code
HI
APN
P6SE1B 6 3 0204
UPID
US73-5882081
Jurisdiction
NORTHAMPTON
Zoning & alternative use
HI · Bethlehem, PA
Zoning HI · permitted uses
HI · 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
COMMERCIAL (GENERAL) Current
Est. value
$11.4M
RETAIL STORES
Est. value
$19.3M
MEDICAL BUILDING
Est. value
$18.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.2M
AUTO REPAIR, GARAGE
Est. value
$14.6M
RESTAURANT
Est. value
$13.5M
INDUSTRIAL (GENERAL)
Est. value
$11.7M
COMMERCIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RESTAURANT
INDUSTRIAL (GENERAL)
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
2018
Heating
YES
Cooling
Yes
Units
95
Lot
1.48 ac
Current owner
From public records · entity-resolved
Bethworks Greenway A LP
Entity
Mailing address
114 N 3RD ST APT 1F, EASTON, PA 18042-1811
Ownership since
2016
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
Mar 20, 2020
—
Bethworks Greenway A LP
—
Deed
related
$18,000,000 · Truist Bank
Sep 19, 2016
—
Bethworks Renovation II LLC
—
Deed
related
$850,000 · National Penn Bk
Sep 2, 2016
—
Bethworks Greenway A LP
Bethworks Renovation II LLC
Special Warranty Deed
$16,400,000 · Branch Banking And Trust Co
Mar 3, 2005
—
Bethworks Renovations II LLC
Tecumseh Redevelopment INC
Grant Deed
related
—
—
—
Bethworks Renovation II LLC
—
Deed Of Trust
related
$850,000 · National Penn Bk
—
—
Bethworks Renovation II LLC
—
Loan Modification
related
$850,000 · National Penn Bk
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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