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Property profile & analytics
OFF-MARKET
Estimated value
$5,060,000
Garden apartment buildings
684 American Bangor Rd Pen Argyl, PA 18072
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-1718987
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1982
Total area
72,160 SF
Lot
12 ac (522,720 SF)
Zoning code
R2
APN
E9 1 13 0134
UPID
US73-1718987
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.92M
CAP Approach
CAP
$6.76M
Comparable Approach
Comparable
$4.02M
Blend (final)
Blend
$5.06M
Owner & transaction history
Slate Belt Apartments LP · 3 yrs held
Slate Belt Apartments LP
since 2022
Last sale
$5.3M
1 recorded transaction
Zoning & alternative use
R2 · Pen Argyl, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.1M
+37.3%
Commercial (general)
$8.0M
+36.5%
Auto repair, garage
$7.6M
+29.1%
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 Pen Argyl submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pen Argyl 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
$4,815,000
ML approach
$4,920,000
CAP Approach
CAP Return
Estimation
6%
$7,320,000
6.5%
$6,755,000
7%
$6,275,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,890,000
Current use
RESTAURANT
$8,080,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,035,000
Change: +36% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,600,000
Change: +29% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,915,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$5.06M
Range $4.55M – $5.57M · ±10% · vs last sale $5.25M (Dec 30 2022)
Last sale anchor
$5.25M
Dec 30 2022
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
$70 / 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
$38,582
Tax year 2024
Assessed value
$510,000
Assessed 2024
Previous assessed
$510,000
+0.0% YoY
Effective rate
7.57%
On assessed value
Assessed land
$271,400
Assessed improvement
$238,600
Land market value
$542,800
Improvement market value
$477,200
Total market value
$1,020,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1982
Heating
YES
Cooling
WINDOW A/C
Stories
1
Units
94
Rooms
50
Total area
72,160 SF
Lot
12 ac (522,720 SF)
Zoning code
R2
APN
E9 1 13 0134
UPID
US73-1718987
Jurisdiction
NORTHAMPTON
Zoning & alternative use
R2 · Pen Argyl, PAZoning R2 · permitted uses
R2 · Pen Argyl, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.9M
RESTAURANT
Est. value
$8.1M
COMMERCIAL (GENERAL)
Est. value
$8.0M
AUTO REPAIR, GARAGE
Est. value
$7.6M
INDUSTRIAL (GENERAL)
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1982
Heating
YES
Cooling
Yes
Stories
1
Units
94
Rooms
50
Lot
12 ac
Current owner
From public records · entity-resolved
Slate Belt Apartments LP
Entity
Mailing address
102 S 7TH ST, ALLENTOWN, PA 18101-2202
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2022
$5,250,000
Slate Belt Apartments LP
Episcopal Apartments Of Slate Belt
Deed
$4,725,000 · 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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