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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Investment properties
648 New St, Bethlehem, PA 18018-3924
Entity Owned
1-yr Hold
Property ID
US73-5965762
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1900
Total area
4,630 SF
Lot
0.05 ac (1,972 SF)
Zoning code
CB
APN
P6NE1D 4 9 0204
UPID
US73-5965762
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
-
Lehigh Valley Steelhawks Sports School Gym & Fitness Center
-
Mad Tatter's Tattooing Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$482k
Blend (final)
Blend
$555k
Owner & transaction history
Way New LLC · 1 yrs held
Way New LLC
since 2025
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
CB · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$740,000
+7.8%
Medical building
$705,000
+2.7%
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 Bethlehem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bethlehem 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
$620,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$690,000
Current use
RETAIL STORES
$740,000
Change: +8% · Conversion: Easy
MEDICAL BUILDING
$705,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$560,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $550k (Nov 21 2023)
Last sale anchor
$550k
Nov 21 2023
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
$120 / 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
$7,160
Tax year 2024
Assessed value
$81,000
Assessed 2024
Previous assessed
$81,000
+0.0% YoY
Effective rate
8.84%
On assessed value
Assessed land
$25,000
Assessed improvement
$56,000
Land market value
$50,000
Improvement market value
$112,000
Total market value
$162,000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1900
Heating
YES
Cooling
NONE
Stories
1
Rooms
1
Total area
4,630 SF
Lot
0.05 ac (1,972 SF)
Zoning code
CB
APN
P6NE1D 4 9 0204
UPID
US73-5965762
Jurisdiction
NORTHAMPTON
Zoning & alternative use
CB · Bethlehem, PA
Zoning CB · permitted uses
CB · Bethlehem, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bethlehem. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$690,000
RETAIL STORES
Est. value
$740,000
MEDICAL BUILDING
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$560,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1900
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Way New LLC
Entity
Mailing address
2036 NEVADA CITY HWY #209, GRASS VALLEY, CA 95945-7700
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
May 15, 2025
—
Way New LLC
Way New And LLC
Deed
related
$370,500 · Lendsure Mortgage Corp
Nov 21, 2023
$550,000
Way New And LLC
Bd Management Services LLC II
Deed
—
Oct 31, 2018
$305,000
Bd Management Services LLC II
Dockside Properties LLC
Deed
$244,000 · Customer Bank
Sep 6, 2012
$275,000
Dockside Properties LLC
Maximus Management Pa LLC
Grant Deed
—
Oct 30, 2006
$365,000
Maximus Mgmt Pa
Parkinson,william L
Grant Deed
$236,250 · American Bank
Jul 27, 2004
—
Rosalie J Parkinson
Parkinson,rosalie J
Quit Claim Deed
related
—
—
—
Maximus Management Pa LLC
—
Deed Of Trust
related
$236,250 · American Bank
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.
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