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    Property profile & analytics

    530 Milford St Easton, PA 18045

    This is an apartment site with existing plans for 84 apartment units. The location provides access to William Penn Highway and S. 25th St. in Easton. The lot size is 2.92 acres. The zoning is HI-HEAVY INDUSTRIAL/MIXED. The location is expected to remain popular for renting due to its accessibility to shopping, schools, and employment.
    • Apartment buildings
    • 2.92 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0091656
    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

    • Apartment buildings

    Property Details for 530 Milford St

    Lot size
    2.92 lot acres
    Zone code
    HI
    Property type
    Apartment buildings
    APN
    M8 8 1B-3 0324
    APU
    M881B30324

    Property Overview

    This is an apartment site with existing plans for 84 apartment units. The location provides access to William Penn Highway and S. 25th St. in Easton. The lot size is 2.92 acres. The zoning is HI-HEAVY INDUSTRIAL/MIXED. The location is expected to remain popular for renting due to its accessibility to shopping, schools, and employment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Easton
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.2576
    Latitude
    40.6772
    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
    $4,883
    $11,700
    $43,400
    $55,100
    -
    $23,400
    $86,800
    $110,200

    Comparable in this City

    • Value Estimation
      $4,200,000
      56,276 SF

      2216 Milan St

      HIGH-RISE APARTMENTS • 56,276 SF
      2216 Milan St, Easton, PA 18045-5790
      View Details
    • Value Estimation by Request
      3,960 SF

      24 Grv St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,960 SF
      24 Grv St, Easton, PA 18045-5221
      View Details
    • Value Estimation
      $2,125,000
      44,770 SF

      671 Milford St

      GARDEN APT, COURT APT (5+ UNITS) • 44,770 SF
      671 Milford St, Easton, PA 18045
      View Details
    • Value Estimation by Request
      4,249 SF

      2601 Nazareth Rd

      Multifamily properties • 4,249 SF
      2601 Nazareth Rd, Easton, PA 18045
      View Details
    • Value Estimation by Request
      2,968 SF

      403 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,968 SF
      403 Main St, Easton, PA 18045
      View Details
    • Value Estimation by Request
      4,913 SF

      3500 Corriere Rd

      GARDEN APT, COURT APT (5+ UNITS) • 4,913 SF
      3500 Corriere Rd, Easton, PA 18045-7960
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Easton Office Space: 1425 SF

      Historic Charm, Modern Office
      4013 William Penn Hwy, Easton, PA 18045
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      3,234 SF

      Easton Commercial Space - Prime Location

      Medical/Office Space - Immediate Lease Available
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    • $6,600,000
      6.63 Acres

      Easton Self-Storage and Parking Facility

      Two-location self-storage and parking facility in a rapidly developing area.
      3361 Fox Hill Rd, Easton, PA 18045
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    • $6,000,000
      36,748 SF

      Turnkey Medical Office Building

      Adaptable medical office building with surgery center and expansion potential.
      3729 Easton Nazareth Hwy, Easton, PA 18045
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    • $300,000
      0.21 Acres

      Land in Palmer Twp, PA

      Commercial land available for sale in Palmer Twp, PA.
      S Greenwood Ave, Palmer Twp, PA 18045
      View Details
    • Contact for pricing
      9.03 Acres

      Easton Office Space - 3234 SF

      Prime Easton Office, Immediate Lease
      1104 Floo, Easton, PA 18045
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,155,702 SF

      Carson 33 Phase II: Class A Warehouses

      Five modern warehouses, Lehigh Valley
      33 Phase Ii, Easton, PA 18045
      View Details
    • $10 SF/Yr
      10,163 SF

      Easton Executive Office Suite

      1,425 SF Office, Prime Location
      4013 William Penn Hwy, Easton, PA 18045
      View Details
    • $10 SF/Yr
      30,000 SF

      Nazareth Road Medical Office Building

      Easton, PA medical office space available.
      3465 Nazareth Rd, Easton, PA 18045
      View Details
    • $12 SF/Yr
      7,660 SF

      Easton, PA Medical Office Suite

      1,807 SF Medical/Office Space Available
      1108 Van Buren Rd, Easton, PA 18045
      View Details
    • $16 SF/Yr
      7,660 SF

      Easton Medical Office Space

      Prime Palmer Twp Office Suite Available
      1108 Van Buren Rd, Easton, PA 18045
      View Details
    • Contact for pricing
      5,000 SF

      Easton Warehouse: 5,000 SF Available

      Prime Easton industrial space for lease. Single-tenant warehouse.
      3011 William Penn Hwy, Easton, PA 18045
      View Details
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    530 Milford St
    Easton, PA 18045
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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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