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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    601 State Ave Emmaus, PA 18049-3029

    • Office buildings
    • 4,800 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-5736729
    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

    • Miracle Motors Allentown / Car Dealership
    • Cnac / Car Dealership

    Property Details for 601 State Ave

    Year built
    1959
    Lot size
    0.48 lot acres
    Property size
    4,800 SF
    Zone code
    B-H
    Property type
    Office buildings
    APN
    549561225616-1
    APU
    5495612256161

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $625,000
      6.5%
      $575,000
      7%
      $535,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $717,000
      Market price range: $452k - $1.06M
      AI Estimate
      $503,000
      Market price range: $279k - $713k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $715,000
      Current use
      AUTO REPAIR, GARAGE
      $775,000
      Change: +9% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $645,000
      Change: -10% Conversion: Easy
      RETAIL STORES
      $585,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Emmaus
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4907
    Latitude
    40.55
    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
    $16,614
    $199,500
    $315,400
    $514,900
    -
    $199,500
    $315,400
    $514,900

    Comparable in this City

    • Value Estimation
      $1,275,000
      9,506 SF

      3740 Tank Farm Rd

      OFFICE BUILDING • 9,506 SF
      3740 Tank Farm Rd, Emmaus, PA 18049
      View Details
    • Value Estimation by Request
      1,400 SF

      210 Harrison St

      OFFICE BUILDING • 1,400 SF
      210 Harrison St, Emmaus, PA 18049
      View Details
    • Value Estimation
      $535,000
      5,972 SF

      184-188 Jefferson St

      OFFICE BUILDING • 5,972 SF
      184-188 Jefferson St, Emmaus, PA 18049
      View Details
    • Value Estimation by Request
      3,200 SF

      3701 Orchid Pl

      PROFESSIONAL BUILDING (MULTI-STORY) • 3,200 SF
      3701 Orchid Pl, Emmaus, PA 18049-1638
      View Details
    • Value Estimation by Request
      3,878 SF

      439 State Ave

      OFFICE BUILDING • 3,878 SF
      439 State Ave, Emmaus, PA 18049
      View Details
    • Value Estimation by Request
      11,148 SF

      5093 Vera Cruz Rd

      OFFICE BUILDING • 11,148 SF
      5093 Vera Cruz Rd, Emmaus, PA 18049-9518
      View Details

    Similar Nearby for Sale

    • $1,450,000
      0.29 Acres

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      Three-story office building with immediate occupancy and income potential.
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    • $1,450,000
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      Emmaus Boro Office Building For Sale

      Three-story office building in Emmaus Boro with income potential.
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      Emmaus Borough Three-Story Office Building

      Three-story office building in Emmaus Borough with immediate occupancy available.
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    • $1,250,000

      Village Centre Office Building

      Office building with multiple spaces and recent upgrades for sale.
      187 Main St, Emmaus, PA 18049
      View Details
    • $1,250,000

      Village Centre Office Building For Sale

      Office building with multiple spaces and recent upgrades for sale.
      191 Main St, Emmaus, PA 18049
      View Details
    • Contact for pricing
      5,600 SF

      Multi-Tenant Office Building For Sale

      Professional office building with spaces available for lease.
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      View Details

    Similar Nearby for Lease

    • New
      $2,750 /Mo
      43,560 SF

      Commercial Space on High-Visibility Location

      Commercial rental with offices, conference room, and parking.
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      View Details
    • $1,825 /Mo

      Highly Visible Emmaus Commercial Space

      Prime commercial space in Chestnut Court plaza on Rt 29.
      4030 Chestnut St, Emmaus, PA 18049
      View Details
    • $7 SF/Yr

      Warehouse Space with Office Features

      Flexible warehouse space with offices, loft storage, and loading dock.
      322 S 4Th St, Emmaus, PA 18049
      View Details
    • $2,750 /Mo

      Commercial Rental on High Visibility Location

      Commercial rental suitable for retail or office use with parking.
      5412 Shimerville Rd, Emmaus, PA 18049
      View Details
    • Contact for pricing
      47,295 SF

      Emmaus Warehouse with Heavy Power

      Industrial warehouse space with convenient access to major routes.
      4591 Colebrook Ave, Emmaus, PA 18049
      View Details
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    601 State Ave
    Emmaus, PA 18049-3029
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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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