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    299 W Cedar St Allentown, PA 18102

    Sponsored
    For Lease
    $10,000 /Mo ($1.71 SF/Yr)

    COMMERCIAL - Allentown City, PA

    Type:Office
    Property size:
    6,200 SF
    Lot size:
    1.61 Acres
    Days on Market:
    15
    Last Refresh:
    Jan 30 at 11:06 pm

    Property Features for 299 W Cedar St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    640726409725001
    Parking
    9
    Parking features
    Parking Lot, Garage
    Size
    6,200 SF
    Lot size
    1.61 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Oil
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1974
    Floors in Building
    2
    Number of units
    1
    Building materials
    Masonry

    We can help!

    Listing Contact
    Craig Liles
    Craig Liles

    Iron Valley Real Estate of Lehigh Valley (484) 241-1011

    Listing agent Craig Liles (484) 903-1069

    Listing date Jan 16, 2026

    MLS# 770663

    Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Established Auto Salvage & Repair

    This commercial property presents a turn-key business opportunity in Allentown's industrial corridor. The established business, Hanna's/Alfred's Auto Works & Recycling, has operated for over 25 years as a supplier and service provider for body shops, collision centers, and auto repair facilities across the Lehigh Valley. The property is suitable for auto parts salvage and dismantling, a full-service scrap yard, a high-volume mechanic and fleet shop, or used auto sales and rebuilding. The facility has high-traffic exposure on Sumner Avenue and multiple entrances to manage traffic flow. The main building includes 2 oversized garage bays outfitted with 4 car lifts. The total facility size is approximately 6,200 square feet, including parts racking, office space, and a customer waiting room. The property includes a 1.5-acre lot, approved for use as a salvage yard.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    El Gallo Tire ... Mechanic Alfreds Auto Works Auto Parts Store Hanna's Auto Works ... Used Auto Parts Store Alfred’s Auto Works ... Auto Parts Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    GeoMark Luxury Limousine, East Penn Self Storage: Allentown, U-Haul Neighborhood Dealer, Muma Mobile Auto Repair, U-Haul Neighborhood Dealer

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.465937
    Latitude
    40.617647

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    FAQs

    What type of property is this?
    Automotive property - Turn-key auto salvage and repair business with property lease opportunity.
    Where is this automotive property located?
    The property is located at 299 W Cedar St Allentown, PA.
    What is the lease rate?
    The lease rate is $1.71 SF/Yr.
    What are key features of this property?
    This property features: - Turn-key auto salvage and repair business with a 25-year established reputation and B2B client base.; - Includes equipment: CAT 906 loader/skidsteer, (4) car lifts, computers, and other essential tools.; - Prime location on Sumner Avenue with high-traffic exposure and multiple entrances.
    (484) 903-1069
    Request Owner's contact information
    299 W Cedar St Allentown, PA 18102
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    Allentown, PA 18102
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    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
    299 W Cedar St Allentown, PA 18102
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    We can help!
    Listing Contact
    Craig Liles
    Craig Liles
    (484) 903-1069
    Learn more
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