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Property profile & analytics
FOR LEASE
Office buildings
1150 S Cedar Crest Blvd Allentown, PA 18103
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-0190540
For Lease
1 / 8
$1,585,000
1150 S Cedar Crest Blvd, Allentown, PA 18103
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Property summary
AI-generated overview
This exceptional two-story office building, constructed in 1994, offers 12,328 square feet of versatile space in Allentown, Pennsylvania. Located at 1150 S Cedar Crest Blvd, zip code 18103, this Class C property boasts a highly visible location at the intersection of I-78 and S. Cedar Crest Boulevard, ensuring excellent exposure for your business. The building is zoned C1 and features convenient amenities including covered parking and an on-site fitness center. Multiple tenancy options are available, with spaces ranging from a minimum of 1,439 square feet to a maximum contiguous space of 2,996 square feet
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Total area
12,328 SF
Lot
0.76 ac (33,236 SF)
Zoning code
C1
APN
548588027086-1
UPID
US73-0190540
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
Current use
Occupant on record · Public records
-
Omega Homes Inc Construction Company General Contractor
-
Waldron & Williams Law Firm
-
David J. Quier, LMT Alternative Medicine Practice Spa & Massage Center
-
Senator Pat Toomey State Government Office
-
Dave's NMT & Fitness Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$1.59M
Owner & transaction history
Vera B Hornstein · 10 yrs held
Vera B Hornstein
since 2015
3 recorded transactions
Zoning & alternative use
C1 · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.6M
+58.1%
Restaurant
$2.4M
+43.3%
Auto repair, garage
$2.3M
+40.4%
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 Allentown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Allentown 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,190,000
6.5%
$1,100,000
7%
$1,020,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,670,000
Current use
MEDICAL BUILDING
$2,640,000
Change: +58% · Conversion: Easy
RESTAURANT
$2,390,000
Change: +43% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,345,000
Change: +40% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,525,000
Change: -9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,425,000
Change: -14% · Conversion: Easy
RETAIL STORES
$1,370,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$129 / SF
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
$49,814
Tax year 2024
Assessed value
$1,655,500
Assessed 2024
Previous assessed
$1,655,500
+0.0% YoY
Effective rate
3.01%
On assessed value
Assessed land
$314,700
Assessed improvement
$1,340,800
Land market value
$314,700
Improvement market value
$1,340,800
Total market value
$1,655,500
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1994
Heating
HEAT PUMP
Stories
2
Total area
12,328 SF
Lot
0.76 ac (33,236 SF)
Zoning code
C1
APN
548588027086-1
UPID
US73-0190540
Jurisdiction
LEHIGH
Zoning & alternative use
C1 · Allentown, PA
Zoning C1 · permitted uses
C1 · Allentown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Allentown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$2.6M
RESTAURANT
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Heating
HEAT PUMP
Stories
2
Lot
0.76 ac
Current owner
From public records · entity-resolved
Vera B Hornstein
Individual
Mailing address
1150 S CEDAR CRST BLVD, ALLENTOWN, PA 18103-7900
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2015
—
Vera B Hornstein
Hornstein Vera B
Quit Claim Deed
related
—
Apr 15, 2010
—
Vera B Hornstein
—
Deed Of Trust
related
$13,600,000 · Keystone Nazareth Bank & Trust
—
—
Hornstein,vera Trust
—
Deed Of Trust
related
$1,250,000 · M&t Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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