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Property profile & analytics
OFF-MARKET
Warehouses
1660 Race St Allentown, PA 18109-9565
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-5373707
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1966
Total area
45,360 SF
Lot
4.36 ac (190,009 SF)
Zoning code
PIO
APN
640981385240-1
UPID
US73-5373707
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
R&D Interconnect Solutions Corporate Office
-
R & D Assembly Inc Building Supply Electrical Service
-
Riley Sales Inc HVAC Service General Contractor
-
blue air HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Race Street Holdings LLC · 1 yrs held
Race Street Holdings LLC
since 2024
Last sale
$485,000
6 recorded transactions
Zoning & alternative use
PIO · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Allentown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Allentown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$43,906
Tax year 2024
Assessed value
$1,783,700
Assessed 2024
Previous assessed
$1,783,700
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$392,600
Assessed improvement
$1,391,100
Land market value
$392,600
Improvement market value
$1,391,100
Total market value
$1,783,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1966
Heating
SPACE
Stories
1
Total area
45,360 SF
Lot
4.36 ac (190,009 SF)
Zoning code
PIO
APN
640981385240-1
UPID
US73-5373707
Jurisdiction
LEHIGH
Zoning & alternative use
PIO · Allentown, PA
Zoning PIO · permitted uses
PIO · Allentown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Allentown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Heating
SPACE
Stories
1
Lot
4.36 ac
Current owner
From public records · entity-resolved
Race Street Holdings LLC
Entity
Mailing address
1528 SHELBOURNE DR STE #160, BETHLEHEM, PA 18018-2235
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
$485,000
Race Street Holdings LLC
Vette Associates LP
Special Warranty Deed
$1,500,000 · Essa Bank & Trust
Oct 15, 2019
$3,050,000
Vette Associates LP
Valley Airport Associates LP
Special Warranty Deed
$2,135,000 · Essa Bank & Trust
Oct 19, 2006
$1,550,000
Valley Airport Associates
Sheriff Of Lehigh County
Trustees Deed
related
—
Dec 10, 1999
$1,350,000
Bef Corp
1660 East Race Street Assoc LP
Grant Deed
—
Dec 10, 1999
—
Bef Industries
—
Deed Of Trust
related
$1,350,000 · First Union National Bank
—
—
Bef Corp
—
Deed Of Trust
related
$600,000 · First Union National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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