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Property profile & analytics
OFF-MARKET
Estimated value
$8,230,000
Office Spaces
83 Commerce Way Bethlehem, PA 18017-8934
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-1231450
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1991
Total area
18,386 SF
Lot
12.6 ac (548,856 SF)
Zoning code
PIBD
APN
M6 15 40 0214
UPID
US73-1231450
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
-
Ricoh USA Printing Service (Bike/Boat/Book/etc) Store
-
Humanworks Affiliates Inc. Charitable Organization Social Service Agency
-
Bethlehem Office Law Firm
-
Lehigh Valley Vica Association Or Organization
-
Working together to improve human services Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.23M
Owner & transaction history
Denholtz S Commerce Way Properties · 2 yrs held
Denholtz S Commerce Way Properties
since 2024
Last sale
$8.2M
4 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
$8,230,000
ML approach
$8,230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.23M
Range $7.41M – $9.05M · ±10% · vs last sale $8.23M (Jan 9 2024)
Last sale anchor
$8.23M
Jan 9 2024
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
$448 / 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
$222,206
Tax year 2024
Assessed value
$3,048,100
Assessed 2024
Previous assessed
$3,048,100
+0.0% YoY
Effective rate
7.29%
On assessed value
Assessed land
$395,500
Assessed improvement
$2,652,600
Land market value
$791,000
Improvement market value
$5,305,200
Total market value
$6,096,200
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1991
Heating
YES
Cooling
CENTRAL
Buildings
4
Stories
1
Rooms
1
Total area
18,386 SF
Lot
12.6 ac (548,856 SF)
Zoning code
PIBD
APN
M6 15 40 0214
UPID
US73-1231450
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.
Building & site characteristics
From public records
Year built
1991
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Rooms
1
Lot
12.6 ac
Current owner
From public records · entity-resolved
Denholtz S Commerce Way Properties
Entity
Mailing address
116 CHESTNUT ST, RED BANK, NJ 07701-1270
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2024
$8,227,776
Denholtz S Commerce Way Properties
83 85 87 89 S Commerce Way LP
Special Warranty Deed
$190,427,827 · Barclays Bank Plc
May 17, 2011
$8,500,000
83 85 87 89 S Commerce Way LP
Liberty Property LP
Grant Deed
—
—
—
83 85 87 89 S Commerce Way LP
—
Deed Of Trust
related
$123,700,000 · Ladder Capital Finance LLC
—
—
83 85 87 89 S Commerce Way LP
—
Deed Of Trust
related
$5,000,000 · 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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