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Property profile & analytics
OFF-MARKET
Estimated value
$1,605,000
Warehouses
861 14th Ave Bethlehem, PA 18018-2244
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-2628758
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Total area
14,794 SF
Lot
1.08 ac (46,958 SF)
Zoning code
LI
APN
641890605498-1
UPID
US73-2628758
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
-
Christmas City Printing Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.66M
CAP Approach
CAP
$2.06M
Comparable Approach
Comparable
$2.21M
Blend (final)
Blend
$1.61M
Owner & transaction history
Fourteenth Ave Holdings LLC · 2 yrs held
Fourteenth Ave Holdings LLC
since 2023
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
LI · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.4M
+67.9%
Office building
$2.2M
+55.8%
Commercial (general)
$2.2M
+55.8%
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
$1,715,000
ML approach
$1,655,000
CAP Approach
CAP Return
Estimation
6%
$2,230,000
6.5%
$2,060,000
7%
$1,915,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,410,000
Current use
RETAIL STORES
$2,370,000
Change: +68% · Conversion: Moderate
OFFICE BUILDING
$2,200,000
Change: +56% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,200,000
Change: +56% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,030,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,795,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$1.61M
Range $1.44M – $1.77M · ±10% · vs last sale $1.53M (Oct 11 2023)
Last sale anchor
$1.53M
Oct 11 2023
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
$108 / 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
$23,132
Tax year 2024
Assessed value
$814,500
Assessed 2024
Previous assessed
$814,500
+0.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$64,700
Assessed improvement
$749,800
Land market value
$64,700
Improvement market value
$749,800
Total market value
$814,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Heating
YES
Cooling
YES
Stories
1
Total area
14,794 SF
Lot
1.08 ac (46,958 SF)
Zoning code
LI
APN
641890605498-1
UPID
US73-2628758
Jurisdiction
LEHIGH
Zoning & alternative use
LI · Bethlehem, PA
Zoning LI · permitted uses
LI · 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
WAREHOUSE, STORAGE Current
Est. value
$1.4M
RETAIL STORES
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1989
Heating
YES
Cooling
Yes
Stories
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
Fourteenth Ave Holdings LLC
Entity
Mailing address
4475 FARM DR, ALLENTOWN, PA 18104-1937
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2024
—
Fourteenth Ave Holdings LLC
—
Deed
related
$529,760 · Quaint Oak Bank
Oct 11, 2023
$1,525,000
Fourteenth Ave Holdings LLC
Glenn E Allan
Deed
$1,220,000 · Quaint Oak Bank
May 10, 2023
—
Glenn And Rene Allan Trust
Glenn Allanwpd
Deed
—
Jul 31, 2017
—
Glenn Allan
—
Deed
related
$18,000 · Td Bank NA
—
—
Allan Associates
—
Deed Of Trust
related
$350,000 · Pnc Bank
—
—
Glenn Allan
—
Loan Modification
related
$521,117 · Td Bk NA
—
—
Allan Associaties
—
Deed Of Trust
related
$273,058 · Keystone Savings Bank
—
—
Allan Associaties
—
Deed Of Trust
related
$327,330 · Keystone Savings 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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