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Property profile & analytics
FOR LEASE
Grocery and convenience stores
1500 N Cedar Crest Blvd Allentown, PA 18104
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US73-0708244
For Lease
1 / 8
$25 SF/Yr
1500 N Cedar Crest Blvd, Allentown, PA 18104
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1960
Total area
75,437 SF
Lot
10.86 ac (472,844 SF)
Zoning code
GC-1
APN
548733475169-1
UPID
US73-0708244
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
-
Weis Markets Grocery & Convenience Store Food Market
-
Weis Pharmacy Pharmacy
-
Western Union Bank Credit Union
-
ATM Atm
-
Amazon Locker - Submitter Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.79M
Blend (final)
Blend
$6.37M
Owner & transaction history
Kana Realty Corp · 16 yrs held
Kana Realty Corp
since 2009
6 recorded transactions
Zoning & alternative use
GC-1 · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.3M
+11.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$8,380,000
Current use
COMMERCIAL (GENERAL)
$9,340,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$6.37M
Range $5.73M – $7.00M · ±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
$84 / 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
$124,544
Tax year 2024
Assessed value
$5,299,800
Assessed 2024
Previous assessed
$5,299,800
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$3,015,700
Assessed improvement
$2,284,100
Land market value
$3,015,700
Improvement market value
$2,284,100
Total market value
$5,299,800
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
For Lease
Year built
1960
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Total area
75,437 SF
Lot
10.86 ac (472,844 SF)
Zoning code
GC-1
APN
548733475169-1
UPID
US73-0708244
Jurisdiction
LEHIGH
Zoning & alternative use
GC-1 · Allentown, PA
Zoning GC-1 · permitted uses
GC-1 · 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
$8.4M
COMMERCIAL (GENERAL)
Est. value
$9.3M
RETAIL STORES Current
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
2
Buildings
2
Lot
10.86 ac
Current owner
From public records · entity-resolved
Kana Realty Corp
Entity
Mailing address
3859 NAZARETH PIKE STE #201, BETHLEHEM, PA 18020-1102
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2022
—
Delaware Valley Rose LP
—
Deed
related
$36,500,000 · Bank Of America NA
Jul 9, 2018
—
Kana Realty Corp
—
Grant Deed
related
$9,500,000 · Wells Fargo Bk
May 30, 2017
—
Delaware Valley Rose LP
—
Deed
related
—
Aug 26, 2009
$15,775,000
Kana Realty Corp
Pennsylvania R/e Inv Trust
Grant Deed
$11,830,000 · American Bank
—
—
Delaware Valley Rose LP
—
Deed Of Trust
related
$175,000,000 · Bank Of America
—
—
Delaware Valley Rose LP
—
Loan Modification
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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