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

    1540 Race St Allentown, PA 18109-9587

    • Office buildings
    • 7,404 SF
    • 1.74 lot acres
    OFF-MARKET
    Value Estimations
    $1,010,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1026885
    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

    • Brosky Insurance Agency, Inc. / Insurance Agency
    • Kulp / Car Rental Agency

    Property Details for 1540 Race St

    Year built
    1993
    Lot size
    1.74 lot acres
    Property size
    7,404 SF
    Zone code
    PIO
    Property type
    Office buildings
    APN
    640970296321-1
    APU
    6409702963211

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $715,000
      6.5%
      $660,000
      7%
      $610,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,068,000
      Market price range: $337k - $1.27M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,295,000
      Current use
      MEDICAL BUILDING
      $1,585,000
      Change: +22% Conversion: Easy
      RESTAURANT
      $1,435,000
      Change: +11% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,405,000
      Change: +9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4475
    Latitude
    40.6581
    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
    $22,592
    $174,400
    $743,400
    $917,800
    -
    $174,400
    $743,400
    $917,800

    Comparable in this City

    • Value Estimation
      $41,495,000
      520,201 SF

      1110 American NE Pkwy

      OFFICE BUILDING • 520,201 SF
      1110 American NE Pkwy, Allentown, PA 18109-9117
      View Details
    • Value Estimation by Request
      1,402 SF

      1918 Un Blvd

      OFFICE BUILDING (MULTI-STORY) • 1,402 SF
      1918 Un Blvd, Allentown, PA 18109-1630
      View Details
    • Value Estimation
      $7,840,000
      103,900 SF

      961 Marcon Blvd

      OFFICE BUILDING • 103,900 SF
      961 Marcon Blvd, Allentown, PA 18109-9521
      View Details
    • Value Estimation
      $1,365,000
      3,447 SF

      1129 Hanover Ave, Unit 1211

      OFFICE BUILDING • 3,447 SF
      1129 Hanover Ave, Allentown, PA 18109-2014
      View Details
    • Value Estimation by Request
      8,475 SF

      1038 Jerome St, Unit 1048

      OFFICE BUILDING • 8,475 SF
      1038 Jerome St, Allentown, PA 18109-3368
      View Details
    • Value Estimation
      $775,000
      9,939 SF

      840 Dauphin St

      OFFICE BUILDING • 9,939 SF
      840 Dauphin St, Allentown, PA 18109-3267
      View Details

    Similar Nearby for Sale

    • $1,600,000
      4,000 SF

      Allentown Office Building For Sale

      Office building for sale, two blocks east of airport.
      1027 Union Blvd, Allentown, PA 18109
      View Details
    • $999,000
      4,228 SF

      Allentown Commercial Investment Opportunity

      Profitable investment property with long-term tenant in prime location.
      1007 Union Blvd, Allentown, PA 18109
      View Details
    • $999,000
      4,228 SF

      Allentown Commercial Building For Sale

      Profitable investment opportunity with long-term tenant in Allentown, PA.
      1007 Union Blvd, Allentown, PA 18109
      View Details
    • $999,000
      4,228 SF

      Allentown City Investment Opportunity

      Leased building near upcoming waterfront development, ideal for investment.
      1007 Union Blvd, Allentown, PA 18109
      View Details
    • $550,000
      3,679 SF

      Allentown Executive Office Building

      Prime Allentown location, 3,679 SF office space.
      1102 Union Blvd, Allentown, PA 18109
      View Details
    • $12,000,000
      7,356 SF

      Allentown Creative Office Building

      7,356 SF Office, Owner/User Opportunity
      667 Union Blvd, Allentown, PA 18109
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      101,016 SF

      Allentown City Office Space Available

      Professional office building near ABE Airport in LVIP III.
      968 Postal Rd, Allentown, PA 18109
      View Details
    • $12 SF/Yr

      Professional Office Building Near Airport

      Well-maintained office building with glass curtain wall construction near ABE Airport.
      968 Postal Rd, Allentown, PA 18109
      View Details
    • Contact for pricing
      30,140 SF

      Allentown Office Building For Rent

      30,140 SF office building with convenient highway access.
      954 Marcon Blvd, Allentown, PA 18109
      View Details
    • $18 SF/Yr
      7,356 SF

      Well-Maintained Office Building For Lease

      Single-tenant office building with natural light, convenient location, and parking.
      667 Union Blvd, Allentown, PA 18109
      View Details
    • Contact for pricing
      130,000 SF

      Allentown Office Complex For Lease

      World-class office complex with exceptional amenities in Allentown, Pennsylvania.
      1110 American Pkwy, Allentown, PA 18109
      View Details
    • $2,500 /Mo

      Allentown City Commercial Sub-Lease Opportunity

      Prime commercial location available for sub-lease in Allentown City.
      2125 Union Blvd, Allentown, PA 18109
      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.
    1540 Race St
    Allentown, PA 18109-9587
    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.