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    Multi-Building Day Care Property Title is generated by Realmo AI

    2302 S 5th Street, Allentown, PA 18103

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    For Sale
    $849,900

    Three multi-story buildings with recent upgrades, plus an included parking lot parcel, support daycare operations or alternative permitted uses.

    Property size:
    7,055 SF
    Lot size:
    0.57 Acres
    Price / SF:
    $120/SF
    Added:
    May 22, 2026
    Days on Market:
    16
    Last Refresh:
    Jun 6 at 5:55 am

    Property Features for 2302 S 5th Street

    General Information

    Standard status
    Active
    Size
    7,055 SF
    Lot size
    0.57 Acres

    We can help!

    Listing Contact
    Creighton Faust
    Creighton Faust

    Listing agent Creighton Faust

    Listing office RE/MAX Real Estate

    Listing date May 22, 2026

    Source Exprealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Real Estate

    HighLights

    • Three multi‑story buildings currently improved and utilized for a daycare
    • Recent capital improvements include new windows, upgraded electrical panels, and kitchen enhancements
    • Property may appeal to daycare operators or users seeking alternative permitted uses
    • Includes sale of a 0.57‑acre parcel with a small parking lot (Parcel # 640650692771 001)

    Overview

    The property is currently improved with three multi-story buildings that have been utilized for a daycare. It may appeal to users seeking a similar setup or those exploring alternative permitted uses. Recent capital improvements have been made across the buildings, including new windows, upgraded electrical panels, and kitchen enhancements, along with other updates. The sale also includes the 7,055 square foot improvement area on the main property.

    The offering also includes an additional 0.57-acre parcel with a small parking lot (Parcel # 640650692771 001). The property is located at 2302 S 5th Street in Allentown, Pennsylvania 18103.

    For buyers, this configuration can fit operators looking to continue or re-purpose a daycare-style footprint within a multi-building layout. The combination of recent building upgrades and the included parking lot parcel can help reduce near-term capital concerns for tenants and owner-occupants considering long-term utilization. Investors may also evaluate the asset based on its ability to support daycare use or other permitted uses, depending on the buyer’s plans.
    Location Intelligence

    Current Use by Public Records

    Day care centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Twining's Child Care — 2304 S 5th St, Allentown, PA 18103
    • Traci's Learning Center — SuperFoods Plaza, 704 W Emaus Ave, Allentown, PA 18103
    • Anasol Diaz Daycare — 769 W Emaus Ave, Allentown, PA 18103
    • Little Angel's Daycare — 1934 S Idaho St, Allentown, PA 18103
    • Emmanuel United Methodist Preschool — 2336 S 9th St, Allentown, PA 18103

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4554104
    Latitude
    40.5764259

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    FAQs

    What type of property is this?
    Day care center - Three multi-story buildings with recent upgrades, plus an included parking lot parcel, support daycare operations or alternative permitted uses.
    Where is this day care center located?
    The property is located at 2302 S 5th Street Allentown, PA.
    What is the asking price?
    The asking price for this property is $849,900.
    What are key features of this property?
    This property features: Three multi‑story buildings currently improved and utilized for a daycare; Recent capital improvements include new windows, upgraded electrical panels, and kitchen enhancements; Property may appeal to daycare operators or users seeking alternative permitted uses
    (610) 349-8482
    We can help!
    Listing Contact
    Creighton Faust
    Creighton Faust
    Learn More
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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
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    2302 S 5th Street, Allentown City, PA 18103
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