Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1302 Tilghman St Allentown, PA 18102-2113

    • Auto shops
    • 2,039 SF
    • 0.36 lot acres
    OFF-MARKET
    Last Sale
    Dec 01, 2023
    $650,000
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2712973
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Flama Tropical Trailer #2 / Fast Food Restaurant
    • Keystone Cars & Service / Used Car Dealer

    Property Details for 1302 Tilghman St

    Year built
    1955
    Lot size
    0.36 lot acres
    Property size
    2,039 SF
    Zone code
    B-3
    Property type
    Auto shops
    APN
    549762341516-1
    APU
    5497623415161

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $685,000
      ML approach
      $610,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $523,000
      Market price range: $172k - $523k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $435,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4886
    Latitude
    40.6082
    CBSA code
    10900
    CBSA name
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $11,998
    $109,200
    $211,900
    $321,100
    -
    $109,200
    $211,900
    $321,100

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      941 Kurtz St

      AUTO REPAIR, GARAGE • 0.07 Acres
      941 Kurtz St, Allentown, PA 18102
      View Details
    • Value Estimation by Request
      777 SF

      145-147 5th St

      AUTO REPAIR, GARAGE • 777 SF
      145-147 5th St, Allentown, PA 18102
      View Details
    • Value Estimation
      $900,000
      6,020 SF

      513 Madison St

      AUTO REPAIR, GARAGE • 6,020 SF
      513 Madison St, Allentown, PA 18102
      View Details
    • Value Estimation
      $820,000
      7,500 SF

      1627 Tilghman St, Unit 1651

      AUTO REPAIR, GARAGE • 7,500 SF
      1627 Tilghman St, Allentown, PA 18102-2053
      View Details
    • Value Estimation
      $935,000
      6,413 SF

      225 Sumner Ave

      AUTO REPAIR, GARAGE • 6,413 SF
      225 Sumner Ave, Allentown, PA 18102
      View Details
    • Value Estimation by Request
      2,730 SF

      1102-1104 Allen St

      AUTO REPAIR, GARAGE • 2,730 SF
      1102-1104 Allen St, Allentown, PA 18102
      View Details

    Similar Nearby for Sale

    • $345,000
      3,034 SF

      Allentown City Two-Story Office Building

      Two-story office building in downtown Allentown with parking.
      135 N 5Th St, Allentown, PA 18102
      View Details
    • Contact for pricing
      0.06 Acres

      Allentown Retail Space For Lease

      Prime Allentown Retail, High Visibility
      402 Ridge Ave, Allentown, PA 18102
      View Details
    • Contact for pricing
      0.11 Acres

      Allentown Retail Space For Lease

      Prime Ridge Avenue Retail Opportunity
      322 Ridge Ave, Allentown, PA 18102
      View Details
    • $399,900
      2,944 SF

      Allentown Retail Space - Prime Location

      High-traffic retail space, excellent visibility.
      936 Allen St, Allentown, PA 18102
      View Details
    • Contact for pricing
      0.05 Acres

      Downtown Allentown Retail Space

      Prime Retail Space - High Visibility
      937 Walnut St, Allentown, PA 18102
      View Details
    • $2,795,000

      Allentown Retail Investment Opportunity

      Fully Leased, Prime Allentown Location
      725-729 15Th St, Allentown, PA 18102
      View Details

    Similar Nearby for Lease

    • $10,000 /Mo
      70,001 SF

      Established Auto Salvage & Repair

      Turn-key auto salvage and repair business with property lease opportunity.
      299 W Cedar St, Allentown, PA 18102
      View Details
    • $21,600
      3,978 SF

      Allentown Retail Space For Lease

      1,350 SF Retail Space - Prime Location
      322 Ridge Ave, Allentown, PA 18102
      View Details
    • $900 /Mo
      8,189 SF

      Allentown City Commercial Suite Available

      Commercial suite available for cosmetology services in Allentown City.
      1129 Walnut St, Allentown, PA 18102
      View Details
    • $3,000 /Mo
      Pending

      Allentown Retail Space For Lease

      3,000 SF retail space in vibrant Allentown neighborhood.
      402 Ridge Ave, Allentown, PA 18102
      View Details
    • $1,800 /Mo
      5,009 SF

      Allentown Retail Space For Lease

      Retail space in Allentown, PA, ideal for various businesses.
      322 Ridge Ave, Allentown, PA 18102
      View Details
    • $2,200 /Mo
      49,441 SF

      Allentown Commercial Kitchen Rental

      Commercial kitchen rental with ballroom partnership potential in historic building.
      1524 W Linden St, Allentown, PA 18102
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1302 Tilghman St
    Allentown, PA 18102-2113
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.