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Property profile & analytics
FOR LEASE
Medical Office Space
1226-1232 W Green St Allentown, PA 18104
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US73-1987749
For Lease
1 / 35
$14 SF/Yr
1226-1232 W Green St, Allentown, PA 18104
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1900
Total area
19,200 SF
Lot
0.22 ac (9,583 SF)
Zoning code
B/LI
APN
549762581779-1
UPID
US73-1987749
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
$2.25M
Blend (final)
Blend
$1.63M
Owner & transaction history
Les Anderson Family V LLC · 11 yrs held
Les Anderson Family V LLC
since 2015
4 recorded transactions
Zoning & alternative use
B/LI · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
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 both types of uses
Zone name
Business And Light Industrial
General category
INDUSTRIAL
Zone area
413.97 ac
Source
Realmo
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.63M
Range $1.46M – $1.79M · ±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
$85 / 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
$43,958
Tax year 2024
Assessed value
$1,336,900
Assessed 2024
Previous assessed
$1,336,900
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$140,400
Assessed improvement
$1,196,500
Land market value
$140,400
Improvement market value
$1,196,500
Total market value
$1,336,900
Applied tax rate
8.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1900
Heating
YES
Cooling
YES
Stories
2
Total area
19,200 SF
Lot
0.22 ac (9,583 SF)
Zoning code
B/LI
APN
549762581779-1
UPID
US73-1987749
Jurisdiction
LEHIGH
Zoning & alternative use
B/LI · Allentown, PAZoning B/LI · permitted uses
B/LI · Allentown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
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 both types of uses
Zone name
Business And Light Industrial
General category
INDUSTRIAL
Zone area
413.97 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1900
Heating
YES
Cooling
Yes
Stories
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Les Anderson Family V LLC
Entity
Mailing address
4310 FARMERSVILLE CT, EASTON, PA 18045-2347
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2015
—
Les Anderson Family V LLC
Owner Name Unavailable
Quit Claim Deed
related
—
Aug 13, 2014
—
Les Anderson Family V LLC
—
Grant Deed
related
$1,100,000 · Merchants Bk/bangor
Jun 11, 2012
$450,000
Les Anderson Family V LLC
Hudimac,george S JR
Grant Deed
$360,000 · Merchants Bank
—
—
Les Anderson Family V LLC
—
Deed Of Trust
related
$1,550,000 · Caromed International INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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