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Property profile & analytics
OFF-MARKET
Estimated value
$4,045,000
Industrial properties
77 Commerce Way, Bethlehem, PA 18017-8891
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US73-5582751
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
1998
Total area
68,870 SF
Lot
5.32 ac (231,739 SF)
Zoning code
PIBD
APN
M6 15 39 0214
UPID
US73-5582751
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
-
St. Luke's Fitness & Sports Performance Center - Bethlehem Gym & Fitness Center
-
Homestar Rx & Infusion Services Home Health Care Service Pharmacy
-
Saint Lukes Medical Records Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.05M
Owner & transaction history
Commerce Way Properties LLC · 8 yrs held
Commerce Way Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
PIBD · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,680,000
Current use
Blend value · Realmo final
$4.05M
Range $3.64M – $4.45M · ±10%
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
$59 / 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
$98,072
Tax year 2024
Assessed value
$1,345,300
Assessed 2024
Previous assessed
$1,345,300
+0.0% YoY
Effective rate
7.29%
On assessed value
Assessed land
$186,200
Assessed improvement
$1,159,100
Land market value
$372,400
Improvement market value
$2,318,200
Total market value
$2,690,600
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
1998
Heating
YES
Cooling
CENTRAL
Stories
1
Rooms
1
Total area
68,870 SF
Lot
5.32 ac (231,739 SF)
Zoning code
PIBD
APN
M6 15 39 0214
UPID
US73-5582751
Jurisdiction
NORTHAMPTON
Zoning & alternative use
PIBD · Bethlehem, PA
Zoning PIBD · permitted uses
PIBD · 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
INDUSTRIAL (GENERAL) Current
Est. value
$6.7M
INDUSTRIAL (GENERAL) Current
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
1998
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Lot
5.32 ac
Current owner
From public records · entity-resolved
Commerce Way Properties LLC
Entity
Mailing address
1110 N DR MARTIN LUTHER KING JR DR, MILWAUKEE, WI 53203-1100
Ownership since
2018
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
Mar 29, 2018
$18,927,751
Commerce Way Properties LLC
Saint Lukes Hospital
Special Warranty Deed
$19,701,218 · The Huntington National Bank
Dec 20, 2017
$8,200,000
Saint Lukes Hosp Of Bethlehem Pe
Knk Associates
Grant Deed
—
Oct 21, 2008
$7,900,000
Knk Associates
77 Commerce Way Dev
Grant Deed
$6,000,000 · Knbt
Sep 1, 2004
$2,650,000
Belhaven Commerce Way
Piercing Pagoda INC
Grant Deed
—
Feb 18, 1999
—
Northampton Co New Jobs Corp
Piercing Pagoda INC
Trustees Deed
$1,000,000 · Pennsylvania Industrial Develo
—
—
Commerce Way Dev 77
—
Deed Of Trust
related
—
—
—
Commerce Way Dev 77
—
Deed Of Trust
related
$6,550,000 · Harleysville Nat'l Bank & Trus
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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