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Property profile & analytics
OFF-MARKET
Estimated value
$6,270,000
Medical Office Space
800 Eaton Ave Bethlehem, PA 18018-1895
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0743043
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2012
Total area
20,478 SF
Lot
1.17 ac (50,965 SF)
Zoning code
CMU
APN
642822562312-1
UPID
US73-0743043
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
-
Good Shepherd Physical Therapy - Bethlehem Physician
-
Matthew S Bartelt, DO Physician
-
Kitei William J MD Physician
-
St. Luke's Bethlehem Internal Medicine Medical Clinic
-
Marlene Wang, M.D. Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.20M
Blend (final)
Blend
$6.27M
Owner & transaction history
Mmac Pix2 Bethlehem Pa Spe LLC · 4 yrs held
Mmac Pix2 Bethlehem Pa Spe LLC
since 2022
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
CMU · 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
$6,235,000
ML approach
$6,430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,380,000
Current use
RESTAURANT
$3,890,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$6.27M
Range $5.64M – $6.90M · ±10% · vs last sale $6.33M (Jul 27 2022)
Last sale anchor
$6.33M
Jul 27 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
$306 / 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
$85,813
Tax year 2024
Assessed value
$3,021,600
Assessed 2024
Previous assessed
$3,021,600
+0.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$476,600
Assessed improvement
$2,545,000
Land market value
$476,600
Improvement market value
$2,545,000
Total market value
$3,021,600
Applied tax rate
13.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2012
Heating
YES
Cooling
YES
Stories
2
Units
1
Rooms
7
Bathrooms
1
Total area
20,478 SF
Lot
1.17 ac (50,965 SF)
Zoning code
CMU
APN
642822562312-1
UPID
US73-0743043
Jurisdiction
LEHIGH
Zoning & alternative use
CMU · Bethlehem, PA
Zoning CMU · permitted uses
CMU · 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
MEDICAL BUILDING Current
Est. value
$4.4M
RESTAURANT
Est. value
$3.9M
MEDICAL BUILDING Current
RESTAURANT
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
2012
Heating
YES
Cooling
Yes
Stories
2
Units
1
Rooms
7
Bathrooms
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
Mmac Pix2 Bethlehem Pa Spe LLC
Entity
Mailing address
3807 CLEGHORN AVE STE #903, NASHVILLE, TN 37215-2549
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2023
—
Mmac Pix2 Bethlehem Pa Spe LLC
—
Deed
related
$50,356,150 · First Citizens Bank & Trust Co
Jul 27, 2022
$6,325,000
Mmac Pix2 Bethlehem Pa Spe LLC
Eaton Point Development LP
Special Warranty Deed
$4,176,250 · Aew Patner Real Estate Fund Ix LP
Mar 16, 2011
$627,750
Point Dev LP Eaton
Lake View Memorial Assn INC
Grant Deed
$2,835,000 · American Bank
Jun 2, 2010
$575,000
Lake View Mem Assn INC Qual Trust
Smith,canice R
Grant Deed
—
—
—
Eaton Point Dev LP
—
Deed Of Trust
related
$3,880,000 · American Bk
—
—
Point Dev LP Eaton
—
Deed Of Trust
related
$500,000 · Lake View Mem Assn INC Qu (ct)
—
—
Point Dev LP Eaton
—
Deed Of Trust
related
$3,375,000 · 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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