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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Assisted living facilities
815 Pennsylvania Ave Bethlehem, PA 18018-3232
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US73-2183729
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1935
Total area
29,717 SF
Lot
3.02 ac (131,421 SF)
Zoning code
RS
APN
641769737409-1
UPID
US73-2183729
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
-
Bethlehem Manor Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$564k
Blend (final)
Blend
$630k
Owner & transaction history
Pennsylvania Avenue Development LLC · 11 yrs held
Pennsylvania Avenue Development LLC
since 2015
5 recorded transactions
Zoning & alternative use
RS · 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
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$21 / 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
$37,931
Tax year 2024
Assessed value
$1,335,600
Assessed 2024
Previous assessed
$1,335,600
+0.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$551,900
Assessed improvement
$783,700
Land market value
$551,900
Improvement market value
$783,700
Total market value
$1,335,600
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1935
Heating
YES
Cooling
YES
Stories
2
Total area
29,717 SF
Lot
3.02 ac (131,421 SF)
Zoning code
RS
APN
641769737409-1
UPID
US73-2183729
Jurisdiction
LEHIGH
Zoning & alternative use
RS · Bethlehem, PA
Zoning RS · permitted uses
RS · 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.
Building & site characteristics
From public records
Year built
1935
Heating
YES
Cooling
Yes
Stories
2
Lot
3.02 ac
Current owner
From public records · entity-resolved
Pennsylvania Avenue Development LLC
Entity
Mailing address
1177 6TH ST, WHITEHALL, PA 18052-5212
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2017
—
Pennsylvania Avenue Dev LLC
—
Deed
related
$500,000 · Essa Bk&tr
Nov 21, 2016
—
Pennsylvania Avenue Dev LLC
—
Trustees Deed
related
$2,000,000 · M&t Bk
Jul 8, 2015
$850,000
Pennsylvania Avenue Development LLC
Bethlehem Area School District
Deed
$680,000 · M & T Bank
—
—
Pennsylvania Avenue Dev LLC
—
Deed Of Trust
related
$4,356,000 · Essa Bk&tr
—
—
Pennsylvania Avenue Dev LLC
—
Deed Of Trust
related
$500,000 · Essa Bk&tr
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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