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    701 Ostrum St Fountain Hill, PA 18015-1155
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    Property profile & analytics

    701 Ostrum St, Fountain Hill, PA 18015-1155

    View on Map
    • Medical Office Space
    • 85,304 SF
    • 0.38 lot acres
    Off-Market
    Property ID
    US73-1301335
    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.
    Value Estimations
    $7,230,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 701 Ostrum St

    Year built
    1989
    Lot size
    0.38 lot acres
    Zone code
    INST
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    642723678732-2
    APU
    6427236787322

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    — — St Lukes Medical Building Ass — Deed Of Trust · related $150k · Wells Fargo Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,100,000
      6.5%
      $8,400,000
      7%
      $7,800,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,232,000
      Market price range: $3.06M - $10.6M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fountain Hill
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.3936
    Latitude
    40.6099
    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
    $22,667
    $50,100
    $7,077,900
    $7,128,000
    -
    $50,100
    $7,077,900
    $7,128,000

    Comparable in this City

    • Value Estimation
      $1,790,000
      22,500 SF

      800 Ostrum St, Unit 820

      MEDICAL BUILDING
      800 Ostrum St, Fountain Hill, PA 18015-1015
      View Details
    • Value Estimation by Request
      2,267 SF

      744 Ostrum St

      MEDICAL BUILDING
      744 Ostrum St, Fountain Hill, PA 18015-1120
      View Details
    • Value Estimation
      $1,755,000
      25,661 SF

      240 Un Sta Plz

      MEDICAL BUILDING
      240 Un Sta Plz, Bethlehem, PA 18015-1281
      View Details
    • Value Estimation by Request
      5,600 SF

      2301 Cherry Ln

      MEDICAL BUILDING
      2301 Cherry Ln, Bethlehem, PA 18015-9540
      View Details
    • Value Estimation by Request
      2,909 SF

      1545 Broadway

      MEDICAL BUILDING
      1545 Broadway, Fountain Hill, PA 18015-3901
      View Details
    • Value Estimation
      $530,000
      5,530 SF

      736 Delaware Ave

      MEDICAL BUILDING
      736 Delaware Ave, Fountain Hill, PA 18015-1108
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,032 SF

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      View Details
    • Contact for pricing
      0.39 Acres

      Bethlehem Office Space For Lease

      Prime Medical Building Office, Great Location
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      1.39 Acres

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      1.39 acres in Lower Saucon Township, close to amenities.
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      0.88 Acres

      Bethlehem Commercial Land Opportunity

      Commercial land with existing structure in Bethlehem, PA for sale.
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      View Details
    • $625,000
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      Prime Development Land Opportunity

      0.8 acres at signalized intersection, excellent development potential.
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    • $800,000
      2.06 Acres

      Saucon Valley Homesite Opportunity

      Two-acre homesite with panoramic views in Saucon Valley School District.
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    Similar Nearby for Lease

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      Bethlehem Retail Space For Lease

      Prime retail space with high visibility and foot traffic.
      509 Wyandotte St, Bethlehem, PA 18015
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    • $20 SF/Yr
      18,295 SF

      Fountain Hill Medical/Professional Office Space

      2,600 SF medical/professional office space for lease in Fountain Hill.
      736 Delaware Ave, Bethlehem, PA 18015
      View Details
    • Contact for pricing

      Medical/Professional Office Space Available

      2,600 SF medical/professional office space for immediate lease.
      736 Delaware Ave, Fountain Hill, PA 18015
      View Details
    • $2,800 /Mo
      4,356 SF

      Southside Bethlehem Second Floor Office

      Second floor office space in Bethlehem City available for lease.
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    • $28 SF/Yr

      Bethlehem City Commercial Space Available

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      View Details
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    Fountain Hill, PA 18015-1155
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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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