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    Property profile & analytics

    630 Municipal Dr Nazareth, PA 18064

    • Industrial properties
    • 67,366 SF
    • 5.14 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Last Sale
    Nov 07, 2023
    $6,500,000
    Value Estimations
    $6,545,000
    Cap Rate Potential
    7.7%
    Industrial properties
    Location Intelligence
    Property ID
    US73-2613403
    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

    • Cardstock Warehouse Paper Company, Inc. / Paper Store / Paper Distributor
    • Selvaggio Ente Rprises / General Contractor
    • Danger Drew Defense / Self Defense School
    • Expression of Dance / Dance School
    • Pack It Right LLC / Containers Supplier

    Property Details for 630 Municipal Dr

    Year built
    2000
    Lot size
    5.14 lot acres
    Property size
    67,366 SF
    Zone code
    PIC
    Property type
    Industrial properties
    APN
    K7 19 14F 0418
    APU
    K71914F0418

    Description

    This Northampton County warehouse offers 20,000 square feet of versatile industrial space available for lease, with a minimum leasable area of 400 square feet. The property boasts six dock-high doors and three ground-level doors, facilitating efficient loading and unloading. The warehouse features a 24-foot ceiling height and 20-foot roll-up doors, providing ample vertical space for storage and operations. On-site amenities include a dedicated office space, free forklift use, high-speed internet access, water and drain connections, and a comprehensive security camera system. Overnight parking is also available for added convenience. The property taxes are $2.50 per square foot. This facility is ideally suited for businesses requiring substantial storage capacity and convenient access. The location in Nazareth, PA, 18064 offers easy access to major transportation routes. The space is suitable for a variety of uses, including long-term and short-term storage, order fulfillment, and other logistics operations. Inquire today to learn more about this exceptional warehouse opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,520,000
      ML approach
      $6,665,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,350,000
      6.5%
      $7,705,000
      7%
      $7,155,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,788,000
      Market price range: $2.23M - $9.26M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $5,520,000
      Current use
      MEDICAL BUILDING
      $10,285,000
      Change: +86% Conversion: Difficult
      RETAIL STORES
      $8,915,000
      Change: +62% Conversion: Moderate
      RESTAURANT
      $7,545,000
      Change: +37% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $7,095,000
      Change: +29% Conversion: Easy
      COMMERCIAL (GENERAL)
      $5,930,000
      Change: +7% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $5,495,000
      Change: -0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Nazareth
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.3361
    Latitude
    40.7164
    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
    $110,584
    $83,800
    $1,435,000
    $1,518,800
    -
    $167,600
    $2,870,000
    $3,037,600

    Comparable in this City

    • Value Estimation
      $2,740,000
      33,873 SF

      614 Gremar Rd

      INDUSTRIAL PARK • 33,873 SF
      614 Gremar Rd, Nazareth, PA 18064-8788
      View Details
    • Value Estimation
      $3,300,000
      27,777 SF

      606 Municipal Dr

      INDUSTRIAL (GENERAL) • 27,777 SF
      606 Municipal Dr, Nazareth, PA 18064-8012
      View Details
    • Value Estimation
      $1,065,000
      15,540 SF

      587 Gremar Rd

      INDUSTRIAL PARK • 15,540 SF
      587 Gremar Rd, Nazareth, PA 18064-8881
      View Details
    • Value Estimation
      $865,000
      12,468 SF

      618 Municipal Dr

      INDUSTRIAL PARK • 12,468 SF
      618 Municipal Dr, Nazareth, PA 18064
      View Details
    • Value Estimation
      $2,085,000
      32,011 SF

      623 Municipal Dr

      INDUSTRIAL (GENERAL) • 32,011 SF
      623 Municipal Dr, Nazareth, PA 18064-8981
      View Details
    • Value Estimation by Request
      5,183 SF

      1180 Clearfield Rd

      MANUFACTURING (LIGHT) • 5,183 SF
      1180 Clearfield Rd, Nazareth, PA 18064-9423
      View Details

    Similar Nearby for Sale

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      $549,000

      Mixed-Use Property in Nazareth Boro

      Three-unit mixed-use property with commercial and residential spaces.
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      High-traffic location, flexible space available.
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      Downtown Nazareth Retail Opportunity

      Prime .3-acre retail land, high visibility.
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      Multi-unit property with restaurant and apartment in prime Nazareth location.
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      View Details
    • New
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      Mixed-Use Property in Nazareth Boro

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      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      67,366 SF

      Nazareth Flex Space Available

      ±20,000 SF Warehouse, Immediate Occupancy
      630 Municipal Dr, Nazareth, PA 18064
      View Details
    • Contact for pricing
      67,366 SF

      Professional Business Park Flex Space

      Office, flex, and warehouse suites in Nazareth business park.
      630 Municipal Dr, Nazareth, PA 18064
      View Details
    • Contact for pricing

      Commercial Land on Jandy Boulevard

      Commercial land for rent in Nazareth, PA.
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      View Details
    • Contact for pricing
      2,485 SF

      Nazareth Retail Space - High Visibility

      Prime Nazareth location, 2,485 sq ft, ample parking.
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    • Contact for pricing
      12,000 SF

      Proposed Strip Center Near Wawa

      Proposed 12,000 SF strip center in growing Nazareth.
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    • $23 SF/Yr

      Restaurant/Retail Space in Nazareth Boro

      Located on main corridor, perfect for restaurant or retail.
      580 S Broad St, Nazareth, PA 18064
      View Details
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    Nazareth, PA 18064
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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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