Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    722 3rd St Catasauqua, PA 18032-2306

    • Residential income homes
    • 2,738 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    6.8%
    Residential income homes
    Location Intelligence
    Property ID
    US73-0520604
    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

    • Residential income homes

    Property Details for 722 3rd St

    Year built
    1884
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.12 lot acres
    Property size
    2,738 SF
    Zone code
    R2
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    549990520582-1
    APU
    5499905205821

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $480,000
      6.5%
      $440,000
      7%
      $410,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $216,000
      Market price range: $200k - $348k
      AI Estimate
      $210,000
      Market price range: $198k - $352k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $290,000
      Current use
      AUTO REPAIR, GARAGE
      $445,000
      Change: +53% Conversion: Difficult
      OFFICE BUILDING
      $405,000
      Change: +41% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $365,000
      Change: +27% Conversion: Moderate
      RETAIL STORES
      $335,000
      Change: +15% Conversion: Difficult
      WAREHOUSE, STORAGE
      $260,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Catasauqua
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4754
    Latitude
    40.6568
    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
    $5,043
    $20,100
    $107,300
    $127,400
    -
    $20,100
    $107,300
    $127,400

    Comparable in this City

    • Value Estimation
      $235,000
      714 SF

      303 Pennsylvania Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 714 SF
      303 Pennsylvania Ave, Catasauqua, PA 18032-1441
      View Details
    • Value Estimation
      $260,000
      1,718 SF

      331-333 Walnut St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,718 SF
      331-333 Walnut St, Catasauqua, PA 18032
      View Details
    • Value Estimation
      $160,000
      1,734 SF

      112 Walnut St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,734 SF
      112 Walnut St, Catasauqua, PA 18032-2322
      View Details
    • Value Estimation
      $310,000
      2,745 SF

      742 Frnt St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,745 SF
      742 Frnt St, Catasauqua, PA 18032-2341
      View Details
    • Value Estimation
      $295,000
      2,184 SF

      619 Frnt St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,184 SF
      619 Frnt St, Catasauqua, PA 18032-2411
      View Details
    • Value Estimation
      $285,000
      3,440 SF

      104 Frnt St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,440 SF
      104 Frnt St, Catasauqua, PA 18032-1940
      View Details

    Similar Nearby for Sale

    • $530,000
      4,000 SF

      Catasauqua Multifamily Investment

      Historic Bar, 2 Units, Parking Lot
      735 Front St, Catasauqua, PA 18032
      View Details
    • $450,000

      Commercial Property in Catasauqua Boro

      Commercial property with residential and retail potential in Catasauqua Boro.
      735 N Front St, Catasauqua, PA 18032
      View Details
    • $925,000
      2,897 SF

      Catasauqua Multi-Family Investment

      Six-unit building, high rental demand.
      725 Front St, Catasauqua, PA 18032
      View Details
    • $1,999,000
      10,000 SF

      Pizzeria & Bistro Portfolio

      Turn-key pizzeria and bistro portfolio with real estate and rental income.
      605 Front St, Catasauqua, PA 18032
      View Details
    • $1,200,000
      976 SF

      Established Garden Shop with Greenhouses

      Established garden shop with loyal customers and significant growing space.
      1422 Main St, Catasauqua, PA 18032
      View Details
    • $699,900
      6,407 SF

      Stone Church with Redevelopment Potential

      Historic church building in Catasauqua Boro, PA, offering redevelopment opportunities.
      429 Walnut St, Catasauqua, PA 18032
      View Details

    Similar Nearby for Lease

    • $2,900 /Mo

      Catasauqua Church Space For Lease

      Church space for lease in historic stone building.
      429 Walnut St, Catasauqua, PA 18032
      View Details
    • $11 SF/Yr
      36,155 SF

      Renovated Retail and Flex Space

      Newly renovated retail and flex space available for rent.
      1492 Main St, Catasauqua, PA 18032
      View Details
    • $2,900 /Mo

      Catasauqua Borough Church Space

      Stone church with 5000 SF available for lease.
      429 Walnut St, Catasauqua, PA 18032
      View Details
    • $650 /Mo
      2,919 SF

      Catasauqua Garage Space Available

      Four-car detached garage for lease in Catasauqua Borough.
      534 Kurtz St, Catasauqua, PA 18032
      View Details
    • $16 SF/Yr
      36,155 SF

      North Catasauqua Retail and Flex

      Renovated retail and flex spaces available for lease.
      1492 Main St, Catasauqua, PA 18032
      View Details
    • $16 SF/Yr
      36,155 SF

      North Catasauqua Retail and Flex Space

      Newly renovated retail and flex spaces available for rent.
      1492 Main St, Catasauqua, PA 18032
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    722 3rd St
    Catasauqua, PA 18032-2306
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.