Financial
Distress signals
Property profile

1405 N Cedar Crest Blvd Allentown, PA 18104

FOR LEASE
Medical Office Space
Property ID
US73-1595814
27,520 SF 2.01 ac lot Built 1973
Last sale Jul 2020 · $3,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This two-story Class B office building contains approximately 27,520 square feet and offers multiple suites suitable for medical office and general office use. The property provides ample on-site parking and is located off the Cedar Crest Boulevard exit of Route 22, with access to and from Route 309, I-78, and I-476; it is also less than one mile from Route 22. The building sits within a professional park setting and is positioned near retail and services such as Weis, Target, UPS, and CVS.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$83k
Tax billed · 2024
Assessed value$3.55M
Assessed land$833k
Assessed improvement$2.72M
Effective rate2.35%

Value estimate

· Sep 2026
$3.94M
$3.54M – $4.33M
CAP approach$3.71M
Submarket $/SF estimate$4.94M
NOI build-up
Gross scheduled income$215k
Vacancy & credit loss−$15k
Operating expenses−$50k
NOI · 776,109.09% cap applied$149k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$214/SF
County average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$117 – $308

Cap rate analysis

How does the asset earn?
776,109.09%
$149k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GC-1
JurisdictionLEHIGH

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant27.8
Building Supply27.5
Auto Repair Shop25.8

Location

1405 N Cedar Crest Blvd Allentown, PA 18104
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4815 Tilghman, Allentown, PA 18104-9374 $28,250,000 Apr 2025 20,142 SF
2428 Walbert, Allentown, PA 18104-1350 $590,000 Dec 2024 3,022 SF
1501 Cedar Crst, Allentown, PA 18104-2309 $8,000,000 Sep 2023 23,000 SF
1814 Tilghman, Allentown, PA 18104-4116 $1,200,000 Aug 2023 7,840 SF
240 Cetronia, Allentown, PA 18104-9263 $69,575,000 Jan 2023 66,022 SF
250 Cetronia, Allentown, PA 18104-9147 $69,575,000 Jan 2023 225,102 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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?”
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