Entity Owned Property summary
AI-generated overview
This exceptional 76,400-square-foot, single-story office and flex space building in Bethlehem, PA, presents a unique investment opportunity. Located at 57 S. Commerce Way, this Class B property boasts a prime location, offering easy access to major transportation arteries including Route 22, Route 33, I-78, and the Pennsylvania Turnpike (I-476). Built in 1989, the building sits on 6.9 acres and features a 30-foot ceiling height, ideal for various business needs. The property includes 215 parking spaces and is zoned PIBD (Planned Industrial/Business District). Multiple tenant spaces are available, ranging from 3,268 square feet to 22,800 square feet. Suite 120 (6,016 SF) offers one dock door, one drive-in door, and 2,500 SF of office space. Suite 180 (3,268 SF) includes one dock door and 700 SF of office space. Suite 240 (22,800 SF) features three dock doors, one drive-in door, and 1,500 SF of office space, with the warehouse area fully climate-controlled. This strategic location provides convenient access to a significant portion of the U.S. population, making it an attractive option for businesses seeking efficient operations and a strong logistical advantage. The property's multi-tenant configuration offers flexibility for various business sizes and needs.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1989
Total area
78,100 SF
Lot
6.9 ac (300,564 SF)
Zoning code
PIBD
APN
M6 15 37 0214
UPID
US73-1045516
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Production Facility
-
Gym & Fitness Center
-
Corporate Office
-
Factory Industrial Manufacturer
-
Hardware & Home Improvement HVAC Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.55M
CAP Approach
CAP
$12.17M
Comparable Approach
Comparable
$8.50M
Blend (final)
Blend
$9.55M
Owner & transaction history
since 2026
Last sale
$9.5M
5 recorded transactions
Zoning & alternative use
PIBD · Bethlehem, PA
Top alternative use upside
Retail stores
$13.1M
+17.8%
Medical building
$11.9M
+7.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$9.55M
Value range
$8.59M – $10.50M
±10% around blend
Estimated value / SF
$122 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$8.59M
blend $9.55M
$10.50M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
78,100 SF
Lot area
6.9 ac
Year built
1989
Stories
1
APN
M6 15 37 0214
Zoning
PIBD
Assessed value
$1,595,000
Annual tax
$116,276
3
Income approach: direct capitalization
Partial preview
Income approach indication
$12.17M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$13.18M
@ 6.5% CAP return
$12.17M
@ 7% CAP return
$11.30M
4
Sales comparison
Partial preview
Sales approach indication
$8.50M
Range $3.23M – $16.34M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$9.55M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 24 sales
$143
-14%
Submarket 166 sales
$137
-11%
County 394 sales
$111
+10%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $122/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+18%
vs current-use indication
Medical Building
Commercial (general) · current use
Apartment House (5+ Units)
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
8.30%
Implied, in-place cap rate for this office spaces
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.30%
9.0%
NOI (est.)
$668k *
Last sale · Jan 2024
$9.54M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$8.05M
Move the market yield to see immediate price impact.
Value / SF
$103
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.80%8.30%8.80%
$601k
$7.71M
$7.24M
$6.83M
$668k
$8.57M
$8.05M
$7.59M
$735k
$9.42M
$8.85M
$8.35M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$116,276
Tax year 2024
Assessed value
$1,595,000
Assessed 2024
Previous assessed
$1,595,000
+0.0% YoY
Effective rate
7.29%
On assessed value
Assessed land
$241,500
Assessed improvement
$1,353,500
Land market value
$483,000
Improvement market value
$2,707,000
Total market value
$3,190,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1989
Heating
YES
Cooling
CENTRAL
Stories
1
Rooms
1
Total area
78,100 SF
Lot
6.9 ac (300,564 SF)
Zoning code
PIBD
APN
M6 15 37 0214
UPID
US73-1045516
Jurisdiction
NORTHAMPTON
Zoning & alternative use
PIBD · Bethlehem, PAZoning PIBD · permitted uses
PIBD · Bethlehem, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Lot
6.9 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PIBD
Jurisdiction
Bethlehem, PA
Recorded code
PIBD
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PIBD in Bethlehem, PA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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