62 Highland Ave Bethlehem, PA 18017-9481
Entity Owned
4-yr Hold
~
Est. High Equity
Estimated value (blended)
$1.76M
Range $1.58M – $1.94M (±10%)
Implied cap rate
6.30%
In-place · NOI ÷ last sale
Property ID
US73-1525540
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1980
Total area
11,016 SF
Lot
2.42 ac (105,415 SF)
Zoning code
P1BD
APN
M6 15 10J 0214
UPID
US73-1525540
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
-
Electronics & Wireless Store Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.77M
CAP Approach
CAP
$1.72M
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$1.76M
Owner & transaction history
since 2021
Last sale
$1.7M
1 recorded transaction
Zoning & alternative use
P1BD · Bethlehem, PA
Top alternative use upside
Retail stores
$1.9M
+17.8%
Medical building
$1.7M
+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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.76M
Value range
$1.58M – $1.94M
±10% around blend
Estimated value / SF
$160 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
70
$1.58M
blend $1.76M
$1.94M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,016 SF
Lot area
2.42 ac
Year built
1980
Stories
1
APN
M6 15 10J 0214
Assessed value
$360,300
Annual tax
$26,266
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.72M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.86M
@ 6.5% CAP return
$1.72M
@ 7% CAP return
$1.60M
4
Sales comparison
Partial preview
Sales approach indication
$1.42M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.1 mi away · 13,344 SF
6.1 mi away · 8,174 SF
6.2 mi away · 9,866 SF
8.8 mi away · 9,624 SF
9.1 mi away · 10,743 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.76M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 24 sales
$143
+12%
Submarket 166 sales
$137
+17%
County 394 sales
$111
+44%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $160/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
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
6.30%
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 · 6.30%
9.0%
NOI (est.)
$119k *
Last sale · Dec 2021
$1.70M
* 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$1.89M
Move the market yield to see immediate price impact.
Value / SF
$171
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
5.80%6.30%6.80%
$107k
$1.85M
$1.70M
$1.58M
$119k
$2.05M
$1.89M
$1.75M
$131k
$2.26M
$2.08M
$1.92M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$730k
3.1 mi · Dec 2025 · $68/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$26,266
Tax year 2024
Assessed value
$360,300
Assessed 2024
Previous assessed
$360,300
+0.0% YoY
Effective rate
7.29%
On assessed value
Assessed land
$84,700
Assessed improvement
$275,600
Land market value
$169,400
Improvement market value
$551,200
Total market value
$720,600
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
1980
Heating
YES
Cooling
CENTRAL
Stories
1
Rooms
1
Total area
11,016 SF
Lot
2.42 ac (105,415 SF)
Zoning code
P1BD
APN
M6 15 10J 0214
UPID
US73-1525540
Jurisdiction
NORTHAMPTON
Zoning & alternative use
P1BD · Bethlehem, PAZoning P1BD · permitted uses
P1BD · 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
1980
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Lot
2.42 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
P1BD
Jurisdiction
Bethlehem, PA
Recorded code
P1BD
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for P1BD 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.
Registration is required before the official district profile is shown.
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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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