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Property profile & analytics
FOR LEASE
Manufacturing properties
601 Stones Crossing Rd Palmer Twp, PA 18045
Entity Owned
~
Est. High Equity
Property ID
US73-2573681
For Lease
1 / 3
$700/Mo
601 Stones Crossing Rd, Palmer Twp, PA 18045
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1955
Total area
34,020 SF
Lot
1.65 ac (71,874 SF)
Zoning code
GC
APN
M8NE4 13A2A 0324
UPID
US73-2573681
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
-
First Hallmark Mortgage Corporation Loan Service Bank
-
Santisi Imports/Pastificio 601 Grocery & Convenience Store Food Market
-
Coastal Financial Associates LLC Financial Advisor
-
Tri City Abstract Inc Title Company
-
Connections Christian Counseling Center Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.89M
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$3.39M
Owner & transaction history
Pureo Properties 601 LLC
Pureo Properties 601 LLC
since 2025
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
GC · Easton, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.2M
+53.2%
Commercial (general)
$4.3M
+25.5%
Restaurant
$3.8M
+12.3%
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 Palmer Twp submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmer Twp 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,215,000
6.5%
$3,890,000
7%
$3,615,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,390,000
Current use
MEDICAL BUILDING
$5,195,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,255,000
Change: +25% · Conversion: Difficult
RESTAURANT
$3,810,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$3,510,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,170,000
Change: -6% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,775,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.39M
Range $3.05M – $3.72M · ±10% · vs last sale $3.50M (Dec 5 2025)
Last sale anchor
$3.50M
Dec 5 2025
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
$100 / 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
$35,492
Tax year 2024
Assessed value
$400,500
Assessed 2024
Previous assessed
$400,500
+0.0% YoY
Effective rate
8.86%
On assessed value
Assessed land
$65,800
Assessed improvement
$334,700
Land market value
$131,600
Improvement market value
$669,400
Total market value
$801,000
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
For Lease
Year built
1955
Heating
YES
Cooling
CENTRAL
Stories
1
Rooms
1
Total area
34,020 SF
Lot
1.65 ac (71,874 SF)
Zoning code
GC
APN
M8NE4 13A2A 0324
UPID
US73-2573681
Jurisdiction
NORTHAMPTON
Zoning & alternative use
GC · Easton, PA
Zoning GC · permitted uses
GC · Easton, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Easton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$5.2M
COMMERCIAL (GENERAL)
Est. value
$4.3M
RESTAURANT
Est. value
$3.8M
RETAIL STORES
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
1955
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Lot
1.65 ac
Current owner
From public records · entity-resolved
Pureo Properties 601 LLC
Entity
Mailing address
601 STONES XING RD #1, EASTON, PA 18045-5021
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2025
$3,500,000
Pureo Properties 601 LLC
Frank Oieni
Deed
$3,000,000 · Frank Oieni
Feb 26, 2019
—
Frank Oieni
Oieni,frank
Correction Deed
related
—
Apr 17, 2018
—
Frank Oieni
—
Deed
related
$100,000 · First Northern Bank & Trust
Jun 12, 2013
—
Frank Oieni
—
Deed Of Trust
related
$1,125,000 · First Northern Bank & Trust Co
Jun 30, 2011
—
Frank Oieni
Frank Oieni
Intrafamily Transfer
related
$500,000 · The First National Bank Of Palmerto
—
—
Frank Oieni
—
Deed Of Trust
related
$175,000 · First National Bank Palmerton
—
—
Frank Oieni
—
Deed Of Trust
related
$200,000 · First National Bank Palmerton
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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