Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,635,000
Office buildings
1243 Cedar Crst Blvd Allentown, PA 18103-6268
Individually Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-5543788
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
76,445 SF
Lot
2 ac (86,946 SF)
Zoning code
C1
APN
548587627887-1
UPID
US73-5543788
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
-
Plastic Surgery Associates: Okunski Walter J MD Physician
-
LVPG Plastic and Reconstructive Surgery–1243 Cedar Crest Physician Medical Clinic
-
Randolph Wojcik, MD Physician Medical Clinic
-
Health & Wellness Center at Cedar Crest Medical Clinic
-
Rehabilitation Services–1243 Cedar Crest Medical Clinic Rehabilitation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.81M
Comparable Approach
Comparable
$7.48M
Blend (final)
Blend
$6.64M
Owner & transaction history
Crest Vii Cedar · 18 yrs held
Crest Vii Cedar
since 2008
3 recorded transactions
Zoning & alternative use
C1 · Allentown, PA
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 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%
$7,380,000
6.5%
$6,810,000
7%
$6,325,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,350,000
Current use
COMMERCIAL (GENERAL)
$9,465,000
Change: -9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$8,850,000
Change: -14% · Conversion: Easy
RETAIL STORES
$8,495,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$6.64M
Range $5.97M – $7.30M · ±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
$87 / 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
$177,984
Tax year 2024
Assessed value
$5,915,100
Assessed 2024
Previous assessed
$5,915,100
+0.0% YoY
Effective rate
3.01%
On assessed value
Assessed land
$826,000
Assessed improvement
$5,089,100
Land market value
$826,000
Improvement market value
$5,089,100
Total market value
$5,915,100
Applied tax rate
4.0000
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
1985
Heating
YES
Cooling
YES
Stories
3
Total area
76,445 SF
Lot
2 ac (86,946 SF)
Zoning code
C1
APN
548587627887-1
UPID
US73-5543788
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
$10.4M
COMMERCIAL (GENERAL)
Est. value
$9.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.9M
RETAIL STORES
Est. value
$8.5M
OFFICE BUILDING Current
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
1985
Heating
YES
Cooling
Yes
Stories
3
Lot
2 ac
Current owner
From public records · entity-resolved
Crest Vii Cedar
Individual
Mailing address
1645 KECKS RD, BREINIGSVILLE, PA 18031-2217
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Jul 14, 2014
—
Cedar Crest Prof Park Vii LP
—
Grant Deed
related
$60,000,000 · Wells Fargo Bk
Dec 28, 2011
—
Crest Vii LP Cedar
—
Deed Of Trust
related
$45,000,000 · Sovereign Bank
Jan 30, 2008
$45,000,000
Crest Vii Cedar
Weiner,edward
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1243 Cedar Crst Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
