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Property profile & analytics
OFF-MARKET
Estimated value
$4,095,000
Manufacturing properties
550 Grn St Nazareth, PA 18064-2706
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-2067522
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1945
Total area
51,734 SF
Lot
4.36 ac (189,922 SF)
Zoning code
LI
APN
K7 5 2 0421
UPID
US73-2067522
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
-
Exeter Supply Co Inc Water Works Equipment Supplier Plumbing Supply Store
-
Barton's Auction Trade Show Venue (Bike/Boat/Book/etc) Store
-
Artistic Toys Marketing & Advertising
-
Force Gymnastics Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.52M
Blend (final)
Blend
$4.10M
Owner & transaction history
Nazareth 550 LLC · 3 yrs held
Nazareth 550 LLC
since 2023
Last sale
$4.1M
3 recorded transactions
Zoning & alternative use
LI · Nazareth, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
§408. LI District; Light Industrial. The purpose of this zoning district is to provide an area suitable for manufacturing uses relative to utility availability, adjoining land uses and access. 1. Permitted Principal Uses. A. Any manufacturing or assembly operation meeting the performance standards of this
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
58.47 ac
Source
CHAPTER 27 ZONING
Top alternative use upside
Restaurant
$5.8M
+36.7%
Auto repair, garage
$5.4M
+28.5%
Commercial (general)
$4.6M
+7.5%
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 Nazareth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nazareth 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
$4,115,000
ML approach
$4,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,240,000
Current use
RESTAURANT
$5,795,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,445,000
Change: +29% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,555,000
Change: +7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,220,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.10M
Range $3.69M – $4.50M · ±10% · vs last sale $4.10M (May 10 2023)
Last sale anchor
$4.10M
May 10 2023
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
$79 / 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
$37,101
Tax year 2024
Assessed value
$434,900
Assessed 2024
Previous assessed
$434,900
+0.0% YoY
Effective rate
8.53%
On assessed value
Assessed land
$54,500
Assessed improvement
$380,400
Land market value
$109,000
Improvement market value
$760,800
Total market value
$869,800
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1945
Heating
YES
Cooling
NONE
Stories
1
Rooms
17
Total area
51,734 SF
Lot
4.36 ac (189,922 SF)
Zoning code
LI
APN
K7 5 2 0421
UPID
US73-2067522
Jurisdiction
NORTHAMPTON
Zoning & alternative use
LI · Nazareth, PAZoning LI · permitted uses
LI · Nazareth, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
§408. LI District; Light Industrial. The purpose of this zoning district is to provide an area suitable for manufacturing uses relative to utility availability, adjoining land uses and access. 1. Permitted Principal Uses. A. Any manufacturing or assembly operation meeting the performance standards of this
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
58.47 ac
Source
CHAPTER 27 ZONING
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.2M
RESTAURANT
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.2M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1945
Heating
YES
Cooling
Yes
Stories
1
Rooms
17
Lot
4.36 ac
Current owner
From public records · entity-resolved
Nazareth 550 LLC
Entity
Mailing address
60 W BROAD ST STE #104, BETHLEHEM, PA 18018-5721
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2023
$4,100,000
Nazareth 550 LLC
550 Green Street Associates LP
Deed
$3,075,000 · First Commonwealth FCU
Jul 24, 2020
—
550 Green Street Associates LP
—
Deed
related
$249,000 · The Fidelity Deposit & Discount Bank
Jun 27, 2011
—
550 Green Street Associates LP
Pmk Realty
Grant Deed
—
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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