Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    829 2nd St Bethlehem, PA 18015
    Back to Search
    Property profile & analytics

    829 2nd St, Bethlehem, PA 18015

    View on Map
    • Industrial land
    • 0.42 lot acres
    Off-Market
    Property ID
    US73-3962250
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial land

    Property Details for 829 2nd St

    Lot size
    0.42 lot acres
    Zone code
    HI
    Property type
    Industrial land
    APN
    P6 2 2-11 0204
    APU
    P622110204

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 1, 2024 — Wind Creek Bethlehem Retail LLC — Deed · related $460M · Wilmington Trust NA
    Feb 21, 2023 — Wind Creek Bethlehem Retail LLC — Deed · related $920M · Credit Suisse Lending LLC
    May 26, 2009 — Sands Bethworks Retail LLC — Trustees Deed · related $550M · Venetian Casino Resort LLC
    Oct 7, 2008 $200,000 Sands Bethworks Retail LLC Bethworks Now LLC Grant Deed —
    Sep 17, 2004 $3,163,648 Bethworks Now LLC Tecumseh Redevelopment INC Grant Deed —
    — — Sands Bethworks Retail LLC — Deed Of Trust · related $550k · Venetian Casino Resort LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethlehem
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.367
    Latitude
    40.6135
    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
    $1,043
    $11,800
    $0.00
    $11,800
    -
    $23,600
    $0.00
    $23,600

    Comparable in this City

    • Value Estimation by Request
      0.50 Acres

      1401 Constitution Dr

      INDUSTRIAL - VACANT LAND
      1401 Constitution Dr, Bethlehem, PA 18015
      View Details
    • Value Estimation by Request
      3.50 Acres

      1293 Constitution Dr

      INDUSTRIAL - VACANT LAND
      1293 Constitution Dr, Bethlehem, PA 18015
      View Details
    • Value Estimation by Request
      22.48 Acres

      Commerce Ctr Blvd

      INDUSTRIAL - VACANT LAND
      Commerce Ctr Blvd, Bethlehem, PA 18015
      View Details
    • Value Estimation by Request
      0.18 Acres

      4050 Old Bethlehem Pike

      INDUSTRIAL - VACANT LAND
      4050 Old Bethlehem Pike, Fountain Hill, PA 18015-9071
      View Details
    • Value Estimation
      $2,525,000
      3.34 Acres

      2110 4th St

      INDUSTRIAL - VACANT LAND
      2110 4th St, Bethlehem, PA 18015
      View Details
    • Value Estimation by Request
      163.16 Acres

      1501 Constitution Dr

      INDUSTRIAL - VACANT LAND
      1501 Constitution Dr, Bethlehem, PA 18015
      View Details

    Similar Nearby for Sale

    • $495,000
      2.11 Acres

      2.11 Acre Home Site

      Expansive 2.11 acre lot with mountain views and privacy.
      2212 S Melrose Ln, Bethlehem, PA 18015
      View Details
    • Contact for pricing

      PAD Site Development Opportunity

      Land parcels available for commercial development with high traffic count.
      3506 Route 378, Bethlehem, PA 18015
      View Details
    • $160,000
      1.39 Acres

      Land in Lower Saucon Township

      1.39 acres in Lower Saucon Township, close to amenities.
      1598 Hafler Rd, Bethlehem, PA 18015
      View Details
    • $1,375,000
      0.88 Acres

      Bethlehem Commercial Land Opportunity

      Commercial land with existing structure in Bethlehem, PA for sale.
      968 Hellertown Rd, Bethlehem, PA 18015
      View Details
    • $625,000
      0.80 Acres

      Prime Development Land Opportunity

      0.8 acres at signalized intersection, excellent development potential.
      3632 Route 378, Bethlehem, PA 18015
      View Details
    • $800,000
      2.06 Acres

      Saucon Valley Homesite Opportunity

      Two-acre homesite with panoramic views in Saucon Valley School District.
      2604 Saddleback Ln, Bethlehem, PA 18015
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      5,619 SF

      Bethlehem City Mixed-Use Commercial Space

      Historic mixed-use building in the heart of South Side Bethlehem.
      13 E 3Rd St, Bethlehem, PA 18015
      View Details
    • $18 SF/Yr
      1,800 SF

      Retail Space in Saucon Valley

      1,800 SF retail space with high ceilings and amenities.
      3600 Pa-378, Bethlehem, PA 18015
      View Details
    • Contact for pricing

      Mixed-Use Property in Bethlehem

      Mixed-use property attached to a 600-car parking garage.
      306 S New St, Bethlehem, PA 18015
      View Details
    • Contact for pricing
      833,280 SF

      Bethlehem Warehouse and Distribution Space

      Large industrial space with 40' ceilings and extensive parking.
      3905 Commerce Center Blvd, Bethlehem, PA 18015
      View Details
    • Contact for pricing

      Fifth-Floor Office Suite in Flatiron Building

      Modern fifth-floor office with 16-foot ceilings, open layout, and LEED Gold certification in an iconic Flatiron setting.
      5-FL-301 5Th St, Bethlehem, PA 18015
      View Details
    • $20 SF/Yr
      6,681 SF

      Bethlehem Retail Space For Lease

      Prime retail space with high visibility and foot traffic.
      509 Wyandotte St, Bethlehem, PA 18015
      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.
    829 2nd St
    Bethlehem, PA 18015
    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

    Thank You for Inquiry
    829 2nd St, Bethlehem, PA, 18015
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!