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    1600 Cedar Crst Blvd Allentown, PA 18104-2318
    Property profile & analytics

    1600 Cedar Crst Blvd Allentown, PA 18104-2318

    View on Map
    • Outlet malls
    • 143,282 SF
    • 11.40 lot acres
    Off-Market
    Last Sale Jun 5, 2023
    Property ID
    US73-3921075
    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.
    Value Estimations
    $11,315,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pizza Hut Express / Restaurant
    • CVS Pharmacy / Pharmacy
    • Target Optical / (Bike/Boat/Book/etc) Store
    • Eric P. Bennicoff O.D. / (Bike/Boat/Book/etc) Store
    • Premier Optical / Physician

    Property Details for 1600 Cedar Crst Blvd

    Year built
    2003
    Lot size
    11.40 lot acres
    Property size
    143,282 SF
    Zone code
    GC-1
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    548733485952-1
    APU
    5487334859521

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,247,000
      Market price range: $10.2M - $24.1M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $15,920,000
      Current use
      COMMERCIAL (GENERAL)
      $17,745,000
      Change: +11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.535
    Latitude
    40.613
    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
    $149,757
    $3,538,800
    $2,833,900
    $6,372,700
    -
    $3,538,800
    $2,833,900
    $6,372,700

    Comparable in this City

    • Value Estimation
      $9,540,000
      121,400 SF

      4701 Tilghman St

      WHOLESALE OUTLET, DISCOUNT STORE • 121,400 SF
      4701 Tilghman St, Allentown, PA 18104-3211
      View Details
    • Value Estimation
      $5,010,000
      57,596 SF

      4750 Tilghman St

      WHOLESALE OUTLET, DISCOUNT STORE • 57,596 SF
      4750 Tilghman St, Allentown, PA 18104-3213
      View Details
    • Value Estimation
      $1,120,000
      21,950 SF

      602 Saint Cloud St, Unit 622

      WHOLESALE OUTLET, DISCOUNT STORE • 21,950 SF
      602 Saint Cloud St, Allentown, PA 18104-4162
      View Details
    • Value Estimation
      $3,405,000
      30,133 SF

      480 Cedar Crst Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 30,133 SF
      480 Cedar Crst Blvd, Allentown, PA 18104
      View Details
    • Value Estimation by Request
      5,342 SF

      5831 Tilghman St

      SHOPPING CENTER, STRIP CENTER • 5,342 SF
      5831 Tilghman St, Allentown, PA 18104-9128
      View Details
    • Value Estimation by Request
      3,000 SF

      514 17th St, Unit 528

      SHOPPING CENTER, STRIP CENTER • 3,000 SF
      514 17th St, Allentown, PA 18104-5253
      View Details

    Similar Nearby for Sale

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      Lehigh Valley Mixed-Use Development Opportunity

      New mixed-use development in Lehigh Valley, tourism potential.
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      Allentown Restaurant with Attached Home

      Family-owned restaurant with attached home in West Allentown.
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      5.55 Acres

      Allentown Redevelopment Opportunity on 5.5+ Acres

      Prime redevelopment site with highway visibility and commercial potential.
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      Turnkey Food Service Opportunity

      Fully equipped commercial kitchen in high-traffic mall, ready for your vision.
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      Pet Grooming Salon in Allentown

      Thriving pet grooming salon with loyal clientele in West Allentown.
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    Similar Nearby for Lease

    • $25 SF/Yr
      472,844 SF

      South Whitehall Retail Space Available

      Retail space available in South Whitehall Twp, PA.
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      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in High-Traffic Location

      Retail and restaurant spaces available in a highly trafficked location.
      3058-3100 Tilghman St, Allentown, PA 18104
      View Details
    • Contact for pricing

      Allentown Retail Center with Patio

      Retail and restaurant spaces available in a growing commercial area.
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      Allentown Retail Space For Lease

      Retail space available in high-traffic Allentown location near Dorney Park.
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      Retail Plaza on Hausman Road

      Retail and office spaces available in high-traffic Allentown plaza.
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      View Details
    • Contact for pricing
      Pending

      Retail Space on Hamilton Street

      1,547 SF retail space for lease, high-visibility location.
      1901 Hamilton St, Allentown, PA 18104
      View Details

    Property Visit Statistics

    • Visits by month
      215.4k
    • Visitors by month
      118.4k
    • Avg Time on site
      31 min
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    Allentown, PA 18104-2318
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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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