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Property profile & analytics
OFF-MARKET
Estimated value
$7,145,000
Grocery and convenience stores
1401 Allen St 1451 Allentown, PA 18102-2188
Entity Owned
Free & Clear
Property ID
US73-1013653
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1960
Total area
46,333 SF
Lot
4.11 ac (179,200 SF)
Zoning code
B-4
APN
549751692209-1
UPID
US73-1013653
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
-
Allen Street Shopping Center Shopping Center & Mall
-
Cricket Wireless Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Allen Street Grocery Outlet Grocery & Convenience Store Food Market
-
Grocery Outlet Grocery & Convenience Store Food Market
-
Veterans Investing - We Buy Houses Allentown Loan Service Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.78M
Comparable Approach
Comparable
$5.52M
Blend (final)
Blend
$7.15M
Owner & transaction history
Gri Allen LLC
Gri Allen LLC
since 2025
Last sale
$8.1M
3 recorded transactions
Zoning & alternative use
B-4 · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.9M
+124.9%
Restaurant
$9.0M
+103.9%
Auto repair, garage
$8.8M
+99.8%
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%
$9,510,000
6.5%
$8,780,000
7%
$8,155,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,410,000
Current use
MEDICAL BUILDING
$9,915,000
Change: +125% · Conversion: Difficult
RESTAURANT
$8,985,000
Change: +104% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,805,000
Change: +100% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,275,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$4,880,000
Change: +11% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,695,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$7.15M
Range $6.43M – $7.86M · ±10% · vs last sale $8.14M (Jul 7 2025)
Last sale anchor
$8.14M
Jul 7 2025
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
$154 / 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
$139,857
Tax year 2024
Assessed value
$4,031,200
Assessed 2024
Previous assessed
$4,031,200
+0.0% YoY
Effective rate
3.47%
On assessed value
Assessed land
$806,400
Assessed improvement
$3,224,800
Land market value
$806,400
Improvement market value
$3,224,800
Total market value
$4,031,200
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1960
Heating
YES
Cooling
YES
Stories
1
Total area
46,333 SF
Lot
4.11 ac (179,200 SF)
Zoning code
B-4
APN
549751692209-1
UPID
US73-1013653
Jurisdiction
LEHIGH
Zoning & alternative use
B-4 · Allentown, PA
Zoning B-4 · permitted uses
B-4 · 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
RETAIL STORES Current
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$9.9M
RESTAURANT
Est. value
$9.0M
AUTO REPAIR, GARAGE
Est. value
$8.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.3M
OFFICE BUILDING
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.7M
RETAIL STORES Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
YES
Cooling
Yes
Stories
1
Lot
4.11 ac
Current owner
From public records · entity-resolved
Gri Allen LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 790830, SAN ANTONIO, TX 78279-0830
Ownership since
2025
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
Oct 7, 2025
$8,143,024
Gri Allen LLC
Allenbeth Associates Limited Partne
Special Warranty Deed
—
Sep 9, 2022
—
Grocery Outlet INC
Allenbeth Associates Limited Partne
Lease
—
—
—
Allenbeth Associates LP
—
Deed Of Trust
related
—
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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