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Property profile & analytics
FOR SALE
Medical Office Space
940 N New St Bethlehem, PA 18018
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-1702885
For Sale
$1,550,000
940 N New St, Bethlehem, PA 18018
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1900
Total area
12,972 SF
Lot
0.65 ac (28,500 SF)
Zoning code
CG
APN
N6SE4D 30 1 0204
UPID
US73-1702885
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
-
Helmold Marie E MD Physician Medical Clinic
-
Lianne Mcginn Bunn Physician
-
David B. Vasily, MD Physician Medical Clinic
-
Advanced Foot Care PC Medical Clinic
-
Kohler Alena Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
$1.46M
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.29M
Owner & transaction history
940 New Partners LLC · 3 yrs held
940 New Partners LLC
since 2022
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
CG · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.1M
+4.9%
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
$1,280,000
ML approach
$1,260,000
CAP Approach
CAP Return
Estimation
6%
$1,580,000
6.5%
$1,455,000
7%
$1,355,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,980,000
Current use
RETAIL STORES
$2,080,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,930,000
Change: -3% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,780,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±10% · vs last sale $1.30M (Oct 11 2022)
Last sale anchor
$1.30M
Oct 11 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
$99 / 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
$32,165
Tax year 2024
Assessed value
$363,900
Assessed 2024
Previous assessed
$363,900
+0.0% YoY
Effective rate
8.84%
On assessed value
Assessed land
$39,500
Assessed improvement
$324,400
Land market value
$79,000
Improvement market value
$648,800
Total market value
$727,800
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
DENTAL BUILDING
Status
For Sale
Year built
1900
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
12,972 SF
Lot
0.65 ac (28,500 SF)
Zoning code
CG
APN
N6SE4D 30 1 0204
UPID
US73-1702885
Jurisdiction
NORTHAMPTON
Zoning & alternative use
CG · Bethlehem, PA
Zoning CG · permitted uses
CG · 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
$2.0M
RETAIL STORES
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
MEDICAL BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1900
Heating
YES
Cooling
Yes
Stories
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
940 New Partners LLC
Entity
Mailing address
2005 CITY LINE RD STE #106, BETHLEHEM, PA 18017-7701
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2023
—
940 New Partners LLC
—
Deed
related
$60,500 · American Bank
Oct 11, 2022
$1,300,000
940 New Partners LLC
940 North New Street Associates
Deed
$1,012,500 · American Bank
Jan 18, 2008
$790,920
940 North New Street Assocs
Northampton Cnty Indl Dev Aut
Grant Deed
—
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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