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    Property profile & analytics

    974 Marcon Blvd Allentown, PA 18109

    • Office buildings
    • 39,741 SF
    • 3.23 lot acres
    For Lease
    View listing
    Last Sale
    Jan 10, 2024
    $3,444,444
    Value Estimations
    $3,460,000
    Cap Rate Potential
    6.7%
    Office buildings
    Location Intelligence
    Property ID
    US73-2527375
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Meier Supply Allentown / Wholesaler / Air Conditioning Contractor
    • XO Communications / Internet Service Provider / Telecommunications Service Provider
    • PA Cyber Allentown Regional Office / School
    • Compleat Restorations / Water Damage Restoration Service
    • Energy Equipment & Controls / Heating Equipment Supplier

    Property Details for 974 Marcon Blvd

    Year built
    1987
    Lot size
    3.23 lot acres
    Property size
    39,741 SF
    Zone code
    PIO
    Property type
    Office buildings
    APN
    640894591532-1
    APU
    6408945915321

    Description

    974 Marcon Boulevard offers a remarkable executive office suite opportunity within a well-maintained, one-story multi-tenant building. This 3,526 square foot space, identified as Suite 160, is part of a larger 39,200 square foot building situated on 3.23 acres of land in Lehigh County. The property boasts a convenient location off Route 22, providing effortless access to major transportation arteries including the Pennsylvania Turnpike (I-476) and Route 78. This strategic positioning places the property within a single day's drive of nearly 40% of the U.S. population, making it an ideal location for businesses seeking regional or national reach. The building is zoned PIO (Planned Industrial Office), reflecting its suitability for a variety of professional uses. Ample parking is available with 105 spaces provided for tenants and visitors. The building itself is a masonry construction, offering durability and a professional aesthetic. This is a rare opportunity to secure a substantial and well-located executive office space in a thriving business environment. The property is part of the Denholtz Lehigh Valley light industrial portfolio. Interested parties are encouraged to inquire for further details and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,445,000
      ML approach
      $3,445,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,835,000
      6.5%
      $3,540,000
      7%
      $3,290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,446,000
      Market price range: $1.81M - $6.80M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4399
    Latitude
    40.6416
    CBSA code
    10900
    CBSA name
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $72,840
    $322,600
    $2,636,600
    $2,959,200
    -
    $322,600
    $2,636,600
    $2,959,200

    Comparable in this City

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    • Value Estimation
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      1110 American NE Pkwy

      OFFICE BUILDING • 520,201 SF
      1110 American NE Pkwy, Allentown, PA 18109-9117
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    • Value Estimation
      $195,000
      1,402 SF

      1918 Un Blvd

      OFFICE BUILDING (MULTI-STORY) • 1,402 SF
      1918 Un Blvd, Allentown, PA 18109-1630
      View Details
    • Value Estimation
      $865,000
      103,900 SF

      961 Marcon Blvd

      OFFICE BUILDING • 103,900 SF
      961 Marcon Blvd, Allentown, PA 18109-9521
      View Details
    • Value Estimation
      $1,290,000
      3,447 SF

      1129 Hanover Ave, Unit 1211

      OFFICE BUILDING • 3,447 SF
      1129 Hanover Ave, Allentown, PA 18109-2014
      View Details
    • Value Estimation
      $610,000
      8,475 SF

      1038 Jerome St, Unit 1048

      OFFICE BUILDING • 8,475 SF
      1038 Jerome St, Allentown, PA 18109-3368
      View Details

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    Similar Nearby for Lease

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      Executive Office Space Lehigh Valley

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    Allentown, PA 18109
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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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