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Property profile & analytics
FOR LEASE
Commercial land
10609 Allentown Blvd Jonestown, PA 17038
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US73-3504259
For Lease
1 / 3
$15,434/Mo
10609 Allentown Blvd, Jonestown, PA 17038
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Property summary
AI-generated overview
This exceptional 6.22-acre commercial property in Jonestown, Pennsylvania, offers unparalleled visibility and accessibility. Situated on US Route 22, it boasts 600 feet of road frontage at a signal-controlled corner. The property's strategic location provides easy access to Interstates 78 and 81, just 1.5 miles away. Its proximity to popular attractions like the Hollywood Casino and Penn National Race Course further enhances its appeal. Comprising four parcels, this versatile land includes approximately 300 paved parking spaces. The zoning is General Commercial, allowing for a wide range of development opportunities. The property is available for lease at $8,000 per month, triple net, and for sale at $975,000. The address is 10609 Allentown Blvd, Jonestown, PA 17038, within Lebanon County. This is a rare opportunity to acquire a highly desirable commercial property in a thriving location.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1986
Total area
8,124 SF
Lot
1.61 ac (70,132 SF)
APN
21-2306828-392966-0000
UPID
US73-3504259
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
10609 LLC · 8 yrs held
10609 LLC
since 2017
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jonestown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jonestown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,458
Tax year 2024
Assessed value
$281,800
Assessed 2024
Previous assessed
$281,800
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$281,800
Land market value
$289,322
Total market value
$289,322
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Year built
1986
Heating
NONE
Stories
1
Total area
8,124 SF
Lot
1.61 ac (70,132 SF)
APN
21-2306828-392966-0000
UPID
US73-3504259
Jurisdiction
LEBANON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Stories
1
Lot
1.61 ac
Current owner
From public records · entity-resolved
10609 LLC
Entity
Mailing address
5104 GALLO WAY, HARRISBURG, PA 17112-3428
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2025
—
10609 LLC
—
Deed
related
$3,000,000 · Mid Penn Bank
Jan 31, 2018
—
10609 LLC
—
Deed
related
$47,400 · Centric Bk NA
Nov 22, 2017
$850,000
10609 LLC
Ono Real Estate LLC
Grant Deed
$805,500 · Centric Bk NA
—
—
10609 LLC
—
Deed Of Trust
related
$47,400 · Centric Bk NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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