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Property profile

1240 Sherman St Allentown, PA 18109

OFF-MARKET
Distribution centers
Property ID
US73-2579885
40,804 SF 2.85 ac lot Built 1965
Last sale Oct 2021 · $2,050,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Located at 1240 Sherman Street, this industrial property includes a fenced loading and storage area that supports exterior operations. The building is equipped with a fully wet sprinkler fire suppression system, gas-fired hung hot air heating units, and fluorescent lighting. Electrical service is provided at 240/120 volts, 3-phase, with 600 amps of service capacity. Public sewer service is supplied through the Lehigh County Authority. The site features a land-to-building ratio of 3.04:1,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$48k
Tax billed · 2024
Assessed value$1.45M
Assessed land$171k
Assessed improvement$1.28M
Effective rate3.31%

Value estimate

· Nov 2026
$2.27M
$2.04M – $2.49M
AI approach$2.31M
Submarket $/SF estimate$2.18M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$73/SF
ZIP average, outlier-cleaned · 41 recorded sales of this use type
Observed band · Q1–Q3$41 – $102
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B/LI
The purpose of this district is to provide for a mix of commercial and light industrial uses to offer a wide market in areas suitable for...
General categoryINDUSTRIAL
JurisdictionLEHIGH

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency24.1
Law Firm21.1
Garden Center11.5

Location

1240 Sherman St Allentown, PA 18109-1718
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1006 Hanover, Allentown, PA 18109-2075 $500,000 Jan 2026 19,411 SF
808 Ellsworth, Allentown, PA 18109-2138 $1,350,000 Dec 2025 15,640 SF
1820 Race, Allentown, PA 18109-9584 $8,800,000 Jul 2023 87,588 SF
1960 Weaversville, Allentown, PA 18109-9328 $1,985,000 Feb 2021 104,842 SF
734 Roble, Allentown, PA 18109-9110 $2,700,000 Jun 2019 105,150 SF
1249 Quebec, Allentown, PA 18109-1657 $2,010,000 Mar 2019 51,910 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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