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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    155 Mickley Rd Whitehall, PA 18052-6208

    • Office buildings
    • 2,400 SF
    • 0.32 lot acres
    OFF-MARKET
    Last Sale
    Jun 27, 2024
    $650,000
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    2.9%
    Office buildings
    Location Intelligence
    Property ID
    US73-2200730
    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

    • Office buildings

    Property Details for 155 Mickley Rd

    Year built
    1987
    Lot size
    0.32 lot acres
    Property size
    2,400 SF
    Zone code
    C-2
    Property type
    Office buildings
    APN
    549786190996-1
    APU
    5497861909961

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $650,000
      ML approach
      $650,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $531,000
      Market price range: $226k - $532k
      AI Estimate
      $462,000
      Market price range: $129k - $462k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $515,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitehall
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4817
    Latitude
    40.6205
    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
    $12,658
    $84,000
    $362,700
    $446,700
    -
    $84,000
    $362,700
    $446,700

    Comparable in this City

    • Value Estimation by Request
      192 SF

      2451 Main St

      OFFICE BUILDING • 192 SF
      2451 Main St, Whitehall, PA 18052-4606
      View Details
    • Value Estimation
      $515,000
      6,122 SF

      521 5th St

      OFFICE BUILDING • 6,122 SF
      521 5th St, Whitehall, PA 18052-6447
      View Details
    • Value Estimation
      $605,000
      3,195 SF

      1050 Schadt Ave

      OFFICE BUILDING • 3,195 SF
      1050 Schadt Ave, Whitehall, PA 18052-4538
      View Details
    • Value Estimation
      $1,365,000
      10,180 SF

      1815 Schadt Ave

      OFFICE BUILDING • 10,180 SF
      1815 Schadt Ave, Whitehall, PA 18052-3761
      View Details
    • Value Estimation by Request
      2,370 SF

      864 3rd St

      PROFESSIONAL BUILDING (MULTI-STORY) • 2,370 SF
      864 3rd St, Whitehall, PA 18052-5926
      View Details
    • Value Estimation by Request
      2,199 SF

      656 5th St

      OFFICE BUILDING • 2,199 SF
      656 5th St, Whitehall, PA 18052-5836
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.76 Acres

      Commercial Building in Whitehall Twp

      Retail and office spaces available for lease in Whitehall Twp.
      2123 1St Ave, Whitehall, PA 18052
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    • $6,900,000
      13,750 SF

      Winding Brook: Prime Retail Opportunity

      7-Acre Retail Complex, 13,750 SF
      3665 Macarthur Rd, Whitehall,PA, PA 18052
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    • Contact for pricing
      12,000 SF

      Industrial Flex Space Available

      Multi-tenant industrial park near Route 22, ideal for various uses.
      2650-2728 Lehigh St, Whitehall, PA 18052
      View Details
    • $325,000
      4,600 SF

      Established Restaurant in Lehigh Valley Mall

      Turnkey restaurant opportunity with liquor license and loyal clientele.
      121 Lehigh Valley Mall, Hokendauqua, PA 18052
      View Details
    • $4,790,000
      4.24 Acres

      MacArthur Rd Mixed-Use Redevelopment

      4.24 Acres, 8 Buildings, High Visibility
      2946 Macarthur Rd, Whitehall, PA 18052
      View Details
    • $224,900
      7,714 SF

      Established Whitehall Grocery Store

      Profitable business, prime location, ample parking.
      331 Grape St, Whitehall, PA 18052
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      1,541 SF

      Class A Office Space Available

      Multi-tenant office space with ample parking and highway visibility.
      1541 Alta Dr, Whitehall, PA 18052
      View Details
    • $15 SF/Yr
      60,113 SF

      WHITEHALL, PA Medical/Office Space

      Prime medical/office space in high-traffic location, ample parking.
      1815 Schadt Ave, Whitehall, PA 18052
      View Details
    • $15 SF/Yr
      59,982 SF

      Whitehall Twp Medical/Office Space

      Medical/office space for lease in high-traffic location.
      1815 Schadt Ave, Whitehall, PA 18052
      View Details
    • Contact for pricing
      41,781 SF

      Riverside Business Center: Warehouse For Lease

      41,781 SF Warehouse, Lehigh County
      1139 Lehigh Ave, Fullerton, PA 18052
      View Details
    • $1,500 /Mo
      33,280 SF

      Office Space in Whitehall Twp

      Office space for lease in Whitehall Twp, PA.
      2123 1St Ave, Whitehall, PA 18052
      View Details
    • $15 SF/Yr
      59,982 SF

      Whitehall Medical/Office Space Available

      Versatile medical/office space in high-traffic location, ample parking.
      1815 Schadt Ave, Whitehall, PA 18052
      View Details
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    155 Mickley Rd
    Whitehall, PA 18052-6208
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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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