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    Property profile & analytics

    1535 Lehigh St Allentown, PA 18103-3813

    • Drive through restaurants
    • 4,055 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimations
    $740,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1224622
    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

    • Arby's / Restaurant / Take-out & Catering

    Property Details for 1535 Lehigh St

    Year built
    1978
    Lot size
    0.70 lot acres
    Property size
    4,055 SF
    Zone code
    B-4
    Property type
    Drive through restaurants
    APN
    549681985020-1
    APU
    5496819850201

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $729,000
      Market price range: $268k - $743k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $785,000
      Current use
      MEDICAL BUILDING
      $870,000
      Change: +10% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $770,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4801
    Latitude
    40.5788
    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
    $38,371
    $257,800
    $825,600
    $1,083,400
    -
    $257,800
    $825,600
    $1,083,400

    Comparable in this City

    • Value Estimation
      $920,000
      5,122 SF

      1432 4th St, Unit 1450

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,122 SF
      1432 4th St, Allentown, PA 18103-3456
      View Details
    • Value Estimation by Request
      2,914 SF

      1958 4th St, Unit 1972

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,914 SF
      1958 4th St, Allentown, PA 18103-4901
      View Details
    • Value Estimation
      $1,810,000
      2,430 SF

      1935 4th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,430 SF
      1935 4th St, Allentown, PA 18103-4905
      View Details
    • Value Estimation by Request
      2,351 SF

      1751 4th St, Unit 1761

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,351 SF
      1751 4th St, Allentown, PA 18103-4966
      View Details
    • Value Estimation by Request
      2,970 SF

      334 Brookdale St, Unit 346

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,970 SF
      334 Brookdale St, Allentown, PA 18103-5007
      View Details
    • Value Estimation by Request
      1,876 SF

      1547 Lehigh St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,876 SF
      1547 Lehigh St, Allentown, PA 18103-3813
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      175,000 SF

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      Distribution centers • 175,000 SF
      2200 S 12Th St, Allentown, PA 18103
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    • $2,750,000
      8,131 SF

      Freestanding Retail Building on 1.75 Acres

      Freestanding retail building on 1.75 acres with ample parking.
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    • $899,000
      3,898 SF

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      Income-producing mixed-use property suitable for retail, office, or residential use.
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      Allentown Commercial Property on Corner Lot

      Highly visible corner lot in Allentown's B3 Highway Business District.
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    • $899,000
      3,898 SF

      Mixed-Use Property with Retail Space

      Income-producing mixed-use property with retail/office space and apartments.
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    • $435,000
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      Allentown Investment Property: Three Units

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    Similar Nearby for Lease

    • $9 SF/Yr
      562,403 SF

      Allentown Retail Space For Lease

      Retail spaces available in active Allentown shopping destination, near major routes.
      3300 Lehigh St, Allentown, PA 18103
      View Details
    • Contact for pricing

      Allentown Retail Space at South Mall

      Retail spaces available for lease in Allentown's South Mall.
      3300 Lehigh St, Allentown, PA 18103
      View Details
    • $20 SF/Yr
      562,403 SF

      Retail Space in South Mall

      Retail spaces available in Allentown's active South Mall.
      3300 Lehigh St, Allentown, PA 18103
      View Details
    • $20 SF/Yr

      Retail Space in South Mall

      Retail spaces available in Allentown's active South Mall.
      3300 Lehigh St, Allentown, PA 18103
      View Details
    • Contact for pricing

      Allentown Parking Lot For Rent

      One-acre parking lot near I-78, suitable for trucks.
      1802 S 12Th St, Allentown, PA 18103
      View Details
    • $20 SF/Yr

      Retail Space in South Mall

      Retail space for lease in Allentown's South Mall.
      3300 Lehigh St, Allentown, PA 18103
      View Details

    Property Visit Statistics

    • Visits by month
      20.1k
    • Visitors by month
      10.1k
    • Avg Time on site
      6 min
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    Allentown, PA 18103-3813
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    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
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