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

    608 3rd St Weatherly, PA 18255-1502

    • Turn key restaurants
    • 0.76 lot acres
    OFF-MARKET
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0641899
    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

    • Turn key restaurants

    Property Details for 608 3rd St

    Lot size
    0.76 lot acres
    Property type
    Turn key restaurants
    APN
    102A2-59-J33.01
    APU
    102A259J3301

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Weatherly
    County
    Carbon
    State
    Pennsylvania
    Longitude
    -75.8198
    Latitude
    40.9409
    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
    $3,963
    $8,850
    $44,240
    $53,090
    -
    $17,700
    $88,480
    $106,180

    Comparable in this City

    • Value Estimation
      $245,000
      1,344 SF

      1998 Hudson Dr

      RESTAURANT • 1,344 SF
      1998 Hudson Dr, Weatherly, PA 18255-2839
      View Details
    • Value Estimation
      $280,000
      1,443 SF

      1634 Lehigh Gorge Dr

      RESTAURANT • 1,443 SF
      1634 Lehigh Gorge Dr, Weatherly, PA 18255-4610
      View Details
    • Value Estimation
      $270,000
      884 SF

      202 Hudsondale St

      BAR, TAVERN • 884 SF
      202 Hudsondale St, Weatherly, PA 18255-1319
      View Details
    • Value Estimation
      $80,000
      1,590 SF

      2628 Buck Mtn Rd

      BAR, TAVERN • 1,590 SF
      2628 Buck Mtn Rd, Weatherly, PA 18255-4400
      View Details
    • Value Estimation
      $260,000
      1,229 SF

      39 Wilbur St

      VEHICLE SALES, RENTALS • 1,229 SF
      39 Wilbur St, Weatherly, PA 18255
      View Details
    • Value Estimation by Request
      460 SF

      53 Lehigh Gorge Dr

      SERVICE STATION (FULL SERVICE) • 460 SF
      53 Lehigh Gorge Dr, Weatherly, PA 18255-4829
      View Details

    Similar Nearby for Sale

    • $289,900
      3,252 SF

      Lehigh Gorge Restaurant & Apartment

      Turnkey Business, Great Location, High Potential
      1634 Lehigh Gorge Dr, Weatherly, PA 18255
      View Details
    • $749,000
      13,010 SF

      Weatherly, PA Industrial Property

      13+ Acres, 13,010 sq ft, Light Industrial
      1080 Hudson Dr, Weatherly, PA 18255
      View Details
    • $349,000
      3,252 SF

      Weatherly Restaurant & Apartment

      Turnkey Restaurant, Liquor License Included
      1634 Lehigh Gorge Dr, Weatherly, PA 18255
      View Details
    • Contact for pricing
      0.18 Acres

      Wooded Lot in Lehigh Twp

      Wooded lot for sale with road frontage in Weatherly, PA.
      Buck Mountain Rd, Weatherly, PA 18255
      View Details
    • Contact for pricing
      0.17 Acres

      Weatherly Buildable Lot For Sale

      Buildable lot in Weatherly with approved zoning permit.
      220 Entwistle St, Weatherly, PA 18255
      View Details
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    608 3rd St
    Weatherly, PA 18255-1502
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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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