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Financial
Distress signals
Property profile

622 Union Blvd Allentown, PA 18109

FOR LEASE
Outlet malls
Property ID
US73-0949539
11,000 SF 1 ac lot Built 1987
Last sale Mar 2022 · $1,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 18,219 square foot medical facility, built in 2023, presents a unique opportunity in the thriving East Allentown Health Care submarket. Currently offering 3,800 square feet of vacant, high-quality space, this single-tenant property is ideally suited for a variety of medical practices. Previously used as an urgent care center, the suite boasts top-of-the-line construction, furniture, and equipment, all in excellent, barely used condition. Designed to comfortably accommodate…

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?
$45k
Tax billed · 2024
Assessed value$1.22M
Assessed land$382k
Assessed improvement$843k
Effective rate3.68%

Value estimate

· Oct 2026
$1.50M
$1.35M – $1.64M
AI approach$1.48M
Submarket $/SF estimate$1.43M
NOI build-up
Gross scheduled income$42k
Vacancy & credit loss−$2k
Operating expenses−$6k
NOI · 741.73% cap applied$34k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$103/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$57 – $130
Qualifying comparables6

Cap rate analysis

How does the asset earn?
741.73%
$34k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-3
IG- or IM-zoned lots or on lots that were classified in the B-3 zoning district on the day before the effective date specified 10-11 CITY...
General categoryCOMMERCIAL
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 agency38.1
Dental Office22.9
Law Firm20.6

Location

622 Union Blvd Allentown, PA 18109
County assessor Recorded deeds · 3 transfers 6 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

18 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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