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

    52 Highland Ave Bethlehem, PA 18017-9077

    • Medical offices
    • 5,280 SF
    • 2.41 lot acres
    OFF-MARKET
    Last Sale
    Feb 23, 2021
    $800,000
    Value Estimations
    $810,000
    Show details
    Cap Rate Potential
    4.7%
    Medical offices
    Location Intelligence
    Property ID
    US73-0189247
    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

    • Greenway Creative Learning Center / Preschool
    • Dr. Brian J. Miller, DMD / Dental Implants Periodontist
    • Miller II Brian J DDS / Dentist
    • Valley Implants and Periodontics / Dentist / Periodontist
    • Amy Templeton Homes / Real Estate Agent

    Property Details for 52 Highland Ave

    Year built
    1983
    Lot size
    2.41 lot acres
    Property size
    5,280 SF
    Zone code
    P1BD
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    M6 15 10K 0214
    APU
    M61510K0214

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $825,000
      ML approach
      $805,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $645,000
      6.5%
      $595,000
      7%
      $550,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $521,000
      Market price range: $522k - $1.13M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $805,000
      Current use
      RETAIL STORES
      $885,000
      Change: +10% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $755,000
      Change: -7% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $690,000
      Change: -14% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethlehem
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.3802
    Latitude
    40.6687
    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
    $15,039
    $84,400
    $121,900
    $206,300
    -
    $168,800
    $243,800
    $412,600

    Comparable in this City

    • Value Estimation
      $6,565,000
      1,027 SF

      2310 Schoenersville Rd

      DENTAL BUILDING • 1,027 SF
      2310 Schoenersville Rd, Bethlehem, PA 18017-3602
      View Details
    • Value Estimation
      $795,000
      11,268 SF

      2223 Linden St

      DENTAL BUILDING • 11,268 SF
      2223 Linden St, Bethlehem, PA 18017-4806
      View Details
    • Value Estimation
      $1,570,000
      22,098 SF

      3445 High Pt Blvd

      DENTAL BUILDING • 22,098 SF
      3445 High Pt Blvd, Bethlehem, PA 18017-7809
      View Details
    • Value Estimation by Request
      2,405 SF

      3740 Fairview St

      DENTAL BUILDING • 2,405 SF
      3740 Fairview St, Bethlehem, PA 18017-9419
      View Details
    • Value Estimation by Request
      1,600 SF

      1001 Un Ct

      MEDICAL BUILDING • 1,600 SF
      1001 Un Ct, Bethlehem, PA 18017-7721
      View Details
    • Value Estimation
      $6,665,000
      20,120 SF

      2014 City Line Rd

      MEDICAL BUILDING • 20,120 SF
      2014 City Line Rd, Bethlehem, PA 18017-2159
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      53,656 SF

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      Two-story office building with modern renovations and tenant improvement bonus.
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      714 SF Unit Near University

      714 SF unit near Lehigh University with many possibilities.
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      Bethlehem Office Building - $424,900

      Prime Bethlehem location, vacant office, residential potential.
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      29,300 SF

      Bethlehem Office Space For Sale

      Office space in Lehigh Valley Corporate Center.
      1655 Valley Center Pkwy, Bethlehem, PA 18017
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    Similar Nearby for Lease

    • $20 SF/Yr
      53,656 SF

      Northgate Drive Office Complex

      Class A Office Suites, Ample Parking
      5325 Northgate Dr, Bethlehem, PA 18017
      View Details
    • Contact for pricing
      43,970 SF

      Bethlehem Office Suites for Lease

      Prime Bethlehem Office Space, Multiple Suites Available
      2045 Westgate Dr, Bethlehem, PA 18017
      View Details
    • Contact for pricing
      5,400 SF

      Bethlehem Medical Office Pad Site

      Prime Medical Office Pad: Build-to-Suit Available
      3365 High Point Blvd, Bethlehem, PA 18017
      View Details
    • Contact for pricing
      14,000 SF

      Bethlehem Retail or Medical Space

      14,000 SF space suitable for retail or medical office.
      3050 Easton Ave, Bethlehem, PA 18017
      View Details
    • $21 SF/Yr
      53,656 SF

      Class A Office Building Suite

      First-floor suite in updated building, ideal for medical/office professionals.
      5325 Northgate Dr, Bethlehem, PA 18017
      View Details
    • $20 SF/Yr
      53,656 SF

      Class A Office Building Suites

      Prime office suites with modern renovations and tenant improvement bonus.
      5325 Northgate Dr, Bethlehem, PA 18017
      View Details
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    Bethlehem, PA 18017-9077
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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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