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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office buildings
1242-1246 Hamilton St Allentown, PA 18102
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-2169832
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Total area
5,929 SF
Lot
0.22 ac (9,390 SF)
Zoning code
B1/R
APN
549679807399-1
UPID
US73-2169832
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
$480k
CAP Approach
CAP
$530k
Comparable Approach
Comparable
$524k
Blend (final)
Blend
$535k
Owner & transaction history
Shyam Investments LLC · 5 yrs held
Shyam Investments LLC
since 2020
Last sale
$570,000
4 recorded transactions
Zoning & alternative use
B1/R · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$675,000
+8.1%
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
$680,000
ML approach
$480,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$530,000
7%
$490,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$625,000
Current use
APARTMENT HOUSE (5+ UNITS)
$675,000
Change: +8% · Conversion: Easy
COMMERCIAL (GENERAL)
$600,000
Change: -4% · Conversion: Easy
RETAIL STORES
$565,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $570k (Mar 20 2024)
Last sale anchor
$570k
Mar 20 2024
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
$90 / 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
$10,510
Tax year 2024
Assessed value
$305,600
Assessed 2024
Previous assessed
$305,600
+0.0% YoY
Effective rate
3.44%
On assessed value
Assessed land
$56,300
Assessed improvement
$249,300
Land market value
$56,300
Improvement market value
$249,300
Total market value
$305,600
Applied tax rate
13.0000
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
Off-Market
Year built
1960
Heating
HOT WATER
Stories
3
Total area
5,929 SF
Lot
0.22 ac (9,390 SF)
Zoning code
B1/R
APN
549679807399-1
UPID
US73-2169832
Jurisdiction
LEHIGH
Zoning & alternative use
B1/R · Allentown, PA
Zoning B1/R · permitted uses
B1/R · 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
$625,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$675,000
COMMERCIAL (GENERAL)
Est. value
$600,000
RETAIL STORES
Est. value
$565,000
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1960
Heating
HOT WATER
Stories
3
Lot
0.22 ac
Current owner
From public records · entity-resolved
Shyam Investments LLC
Entity
Mailing address
1929 W TILGHMAN ST REAR B, ALLENTOWN, PA 18104-4389
Ownership since
2020
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
Oct 5, 2020
$420,000
Shyam Investments LLC
Atm Realty Group LLC
Deed
$315,000 · Peoples Security Bank & Trust Compa
Mar 7, 2013
$450,000
Atm Realty Group
Barber Real Estate Group
Warranty Deed
$360,000 · Embassy Bk For The Lehigh
Aug 3, 2005
$290,000
Barber Real Estate Group LLC
Wojcicki,waldemar
Grant Deed
$331,500 · National Penn Bank
—
—
Barber Real Estate Group LLC
—
Deed Of Trust
related
$50,000 · National Penn Bank
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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