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

    1651 Ofc Ctr Rd Allentown, PA 18104

    • Office buildings
    • 4,393 SF
    OFF-MARKET
    Last Sale
    Nov 14, 2023
    $735,843
    Value Estimations
    $725,000
    Show details
    Cap Rate Potential
    3.6%
    Office buildings
    Location Intelligence
    Property ID
    US73-4393492
    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 1651 Ofc Ctr Rd

    Year built
    1985
    Property size
    4,393 SF
    Zone code
    GC-I
    Property type
    Office buildings
    APN
    548754060911-7
    APU
    5487540609117

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $715,000
      ML approach
      $715,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $862,000
      Market price range: $444k - $1.16M
      AI Estimate
      $507,000
      Market price range: $224k - $714k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $780,000
      Current use
      MEDICAL BUILDING
      $940,000
      Change: +21% Conversion: Easy
      AUTO REPAIR, GARAGE
      $835,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.5292
    Latitude
    40.6151
    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
    $12,836
    $0.00
    $546,200
    $546,200
    -
    $0.00
    $546,200
    $546,200

    Comparable in this City

    • Value Estimation by Request
      2,193 SF

      4205 Tilghman St

      OFFICE BUILDING • 2,193 SF
      4205 Tilghman St, Allentown, PA 18104-4429
      View Details
    • Value Estimation
      $2,100,000
      45,176 SF

      2002 Hamilton St, Unit 2026

      OFFICE BUILDING • 45,176 SF
      2002 Hamilton St, Allentown, PA 18104-6402
      View Details
    • Value Estimation by Request
      224 SF

      1651 Ofc Ctr Rd

      OFFICE BUILDING • 224 SF
      1651 Ofc Ctr Rd, Allentown, PA 18104
      View Details
    • Value Estimation by Request
      2,694 SF

      1628 18th St, Unit 1640

      OFFICE BUILDING • 2,694 SF
      1628 18th St, Allentown, PA 18104-1500
      View Details
    • Value Estimation
      $1,275,000
      3,890 SF

      2409 Cedar Crst Blvd

      OFFICE BUILDING • 3,890 SF
      2409 Cedar Crst Blvd, Allentown, PA 18104-9733
      View Details
    • Value Estimation
      $1,220,000
      10,464 SF

      3055-3057 College Hts Blvd

      OFFICE BUILDING • 10,464 SF
      3055-3057 College Hts Blvd, Allentown, PA 18104
      View Details

    Similar Nearby for Sale

    • $320,000
      0.06 Acres

      Allentown Commercial Building on Tilghman

      Turn-key, furnished office building with high visibility and parking.
      1723 Tilghman St, Allentown, PA 18104
      View Details
    • $4,500,000
      19,600 SF

      Allentown Class "A" Office Building

      Class "A" office building in West End Allentown for sale.
      1226-1232 W Green St, Allentown, PA 18104
      View Details
    • $350,000
      1,720 SF

      Allentown City Office Space Available

      High-traffic, commercially zoned property suitable for office or commercial ventures.
      827 19Th St, Allentown, PA 18104
      View Details
    • Contact for pricing

      Allenwood Motel Redevelopment Opportunity

      22-room motel on 5.5 acres for redevelopment or continued operation.
      1058 Hausman Rd, Allentown, PA 18104
      View Details
    • Contact for pricing
      58.86 Acres

      Lehigh Valley Mixed-Use Development

      Prime Allentown location, 58.86 acres. Live, work, play.
      361 Cedarbrook Rd, Allentown, PA 18104
      View Details
    • $1,600,000
      39.95 Acres

      Allentown Industrial Land - $1.6M

      39-acre development site, prime location.
      4921 Crackersport Rd, Allentown, PA 18104
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      31,363 SF

      Allentown Class "A" Office Building

      Class "A" office building in West End Allentown for lease.
      1226-1232 W Green St, Allentown, PA 18104
      View Details
    • Contact for pricing
      18,641 SF

      Class A Office Space

      Class A office complex in Allentown's West End business park.
      1550 Pond Rd, Allentown, PA 18104
      View Details
    • $500 /Mo
      16,204 SF

      Allentown City Professional Office Suites

      Furnished office suites for lease in wellness center.
      1702 W Walnut St, Allentown, PA 18104
      View Details
    • Sponsored
      Contact for pricing

      PA, Allentown - Tilghman St

      Discover many ways to work your way in PA, Allentown - Tilghman St
      4905 Tilghman St 3Rth, Allentown, PA 18104
      View Details
    • $18 SF/Yr
      41,246 SF

      Allentown Class A Office Space

      Prime Allentown Office Suites Available
      1320 Hausman Rd, Allentown, PA 18104
      View Details
    • Contact for pricing
      53,590 SF

      Allentown Retail Center

      Prime Retail Space Available
      5000 Tilghman St, Allentown, PA 18104
      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.
    1651 Ofc Ctr Rd
    Allentown, PA 18104
    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.