Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    551 Richmond Rd Bangor, PA 18013-9535
    Back to Search
    Property profile & analytics

    551 Richmond Rd, Bangor, PA 18013-9535

    View on Map
    • Auto shops
    • 1,650 SF
    • 1.28 lot acres
    Off-Market
    Property ID
    US73-5766162
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Auto shops

    Property Details for 551 Richmond Rd

    Year built
    1963
    Lot size
    1.28 lot acres
    Zone code
    R2
    Property type
    Auto shops
    APN
    E10 2 23A 0134
    APU
    E10223A0134

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 19, 2014 — Catherine R Gaydos Gaydos,brian & Catherine R Quit Claim Deed · related —
    Nov 1, 2006 $240,000 Brian Gaydos Wasser,constance E Grant Deed —
    Nov 1, 2006 $60,000 Brian Gaydos Constance E Wasser Warranty Deed $192k · New Century Mortgage Corp

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.1941
    Latitude
    40.8613
    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
    $3,730
    $27,400
    $21,900
    $49,300
    -
    $54,800
    $43,800
    $98,600

    Comparable in this City

    • Value Estimation by Request
      3,070 SF

      337 6th St

      AUTO REPAIR, GARAGE
      337 6th St, Bangor, PA 18013-1728
      View Details
    • Value Estimation by Request
      2,048 SF

      6609 Delaware Dr

      AUTO REPAIR, GARAGE
      6609 Delaware Dr, Bangor, PA 18013
      View Details
    • Value Estimation by Request
      5,759 SF

      9 1st St

      AUTO REPAIR, GARAGE
      9 1st St, Bangor, PA 18013
      View Details
    • Value Estimation by Request
      1,521 SF

      6th N St

      AUTO REPAIR, GARAGE
      6th N St, Bangor, PA 18013
      View Details
    • Value Estimation by Request
      2,730 SF

      6887 Delaware Dr

      AUTO REPAIR, GARAGE
      6887 Delaware Dr, Bangor, PA 18013
      View Details
    • Value Estimation by Request
      2,653 SF

      43 O W Rd

      AUTO REPAIR, GARAGE
      43 O W Rd, Bangor, PA 18013-9376
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      31 Acres Zoned Auto Recycling

      31+ acres ideal for auto recycling, truck, and equipment parking.
      124 Molasses Rd, Bangor, PA 18013
      View Details
    • Contact for pricing

      Downtown Bangor Commercial Space Available

      Ground floor commercial space with basement and backyard in Bangor.
      42 Market St, Bangor, PA 18013
      View Details
    • $350,000

      Turn-key Restaurant/Bar For Sale

      Fully equipped restaurant/bar with apartment in high-traffic location.
      6618 Delaware Ave, Bangor, PA 18013
      View Details
    • $435,000
      2,000 SF

      Commercial Property in Martins Creek

      Two-unit commercial building with high visibility in Martins Creek.
      6626 Main St, Bangor, PA 18013
      View Details
    • New
      $1,100,000
      9,221 SF

      Mixed-Use Building with Storefronts

      Two stone-front retail spaces with four 3-bedroom apartments above in a C1-zoned downtown mixed-use building.
      28 S Main St, Bangor, PA 18013
      View Details
    • $2,400,000
      11,855 SF

      Mixed-Use Investment Opportunity

      Turn-key mixed-use property with multiple income streams and upside potential.
      Not Disclosed, Bangor, PA 18013
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Center on Blue Valley

      62,663 SF retail center with strong tenant mix.
      412 Blue Valley Dr, Bangor, PA 18013
      View Details
    • $3,200 /Mo
      12,981 SF

      Turn-key Restaurant/Bar Opportunity

      Fully equipped restaurant/bar for lease with minimal capital investment needed.
      6618 S Delaware Dr, Bangor, PA 18013
      View Details
    • $14 SF/Yr

      New Commercial Space Available

      New commercial space for medical, professional, or retail use.
      317 Blue Valley Dr, Bangor, PA 18013
      View Details
    • $3,200 /Mo
      2,244 SF

      Turn-Key Restaurant/Bar Opportunity

      Fully equipped restaurant/bar for lease in Bangor, PA.
      6618 S Delaware Dr, Bangor, PA 18013
      View Details
    • Contact for pricing
      7,335 SF

      Retail Space in Pen Argyl

      Neighborhood center anchored by Ace Hardware with retail opportunities.
      416-438 Blue Valley Dr, Pen Argyl, PA 18013
      View Details
    • $3,200 /Mo
      12,632 SF

      Turn-Key Restaurant/Bar For Lease

      Fully equipped restaurant/bar with recent renovations and high traffic location.
      6618 S Delaware Dr, Bangor, PA 18013
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    551 Richmond Rd
    Bangor, PA 18013-9535
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    551 Richmond Rd, Bangor, PA, 18013
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!