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Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Turn key restaurants
600 State Ave 620 Emmaus, PA 18049-3030
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-1084162
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1968
Total area
7,786 SF
Lot
1.08 ac (46,914 SF)
Zoning code
B-H
APN
549560195253-1
UPID
US73-1084162
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.90M
Owner & transaction history
600 State LLC · 4 yrs held
600 State LLC
since 2022
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
B-H · Emmaus, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+12.6%
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 Emmaus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Emmaus 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
$1,890,000
ML approach
$1,920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,480,000
Current use
MEDICAL BUILDING
$1,665,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,260,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.90M
Range $1.71M – $2.09M · ±10% · vs last sale $1.90M (Mar 2 2022)
Last sale anchor
$1.90M
Mar 2 2022
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
$244 / 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
$35,473
Tax year 2024
Assessed value
$1,099,400
Assessed 2024
Previous assessed
$1,099,400
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$445,600
Assessed improvement
$653,800
Land market value
$445,600
Improvement market value
$653,800
Total market value
$1,099,400
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1968
Heating
YES
Cooling
YES
Stories
1
Total area
7,786 SF
Lot
1.08 ac (46,914 SF)
Zoning code
B-H
APN
549560195253-1
UPID
US73-1084162
Jurisdiction
LEHIGH
Zoning & alternative use
B-H · Emmaus, PA
Zoning B-H · permitted uses
B-H · Emmaus, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Emmaus. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RESTAURANT Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1968
Heating
YES
Cooling
Yes
Stories
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
600 State LLC
Entity
Mailing address
1631 WETHERSFIELD DR, ALLENTOWN, PA 18104-1600
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2022
$1,900,000
600 State LLC
R Jads Group LP
Deed
$1,479,000 · First Commonwealth FCU
Jun 12, 2019
—
R Jads Group LP
—
Deed
related
$1,700,000 · Embassy Bk For The Lehigh Vly
Dec 1, 2011
—
R Jads Group LP
Tuxedo Realty LLC
Grant Deed
$1,300,000 · Embassy Bank Lehigh Valley
Nov 14, 2007
$1,300,000
Tuxedo Realty LLC
Schantz,daniel W
Grant Deed
—
Dec 20, 2006
—
Daniel W Schantz
Schantz,daniel W & Mildred C
Quit Claim Deed
related
—
—
—
R Jads Group LP
—
Deed Of Trust
related
$1,700,000 · Embassy Bk For The Lehigh Vly
—
—
Daniel W Schantz
—
Deed Of Trust
related
$275,000 · Quakertown National Bank
—
—
Daniel W Schantz
—
Deed Of Trust
related
$450,000 · Quakertown National Bank
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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