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Property profile & analytics
OFF-MARKET
Estimated value
$3,515,000
Warehouses
1665 Race St, Allentown, PA 18109-9569
Entity Owned
12-yr Hold
Free & Clear
Property ID
US73-1189879
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Total area
38,500 SF
Lot
4.16 ac (180,992 SF)
Zoning code
PIO
APN
640981733939-1
UPID
US73-1189879
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
-
F.W. Webb Company - Allentown Plumbing Service Building Supply
-
Frank Webb Home - Allentown Kitchen & Bath Showroom Furniture & Home Goods
-
Allentown Personal Training - Personal Trainer - Barry Lovelace Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.66M
Comparable Approach
Comparable
$3.92M
Blend (final)
Blend
$3.52M
Owner & transaction history
Rubber Soul LLC · 12 yrs held
Rubber Soul LLC
since 2013
7 recorded transactions
Zoning & alternative use
PIO · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.8M
+69.8%
Apartment house (5+ units)
$4.2M
+49.8%
Retail stores
$4.0M
+41.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,965,000
6.5%
$3,660,000
7%
$3,400,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,810,000
Current use
COMMERCIAL (GENERAL)
$4,765,000
Change: +70% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,205,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$3,975,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$3.52M
Range $3.16M – $3.87M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$91 / SF
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
$94,393
Tax year 2024
Assessed value
$3,834,800
Assessed 2024
Previous assessed
$3,834,800
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$332,400
Assessed improvement
$3,502,400
Land market value
$332,400
Improvement market value
$3,502,400
Total market value
$3,834,800
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
2002
Heating
YES
Cooling
YES
Stories
1
Total area
38,500 SF
Lot
4.16 ac (180,992 SF)
Zoning code
PIO
APN
640981733939-1
UPID
US73-1189879
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.2M
RETAIL STORES
Est. value
$4.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
YES
Cooling
Yes
Stories
1
Lot
4.16 ac
Current owner
From public records · entity-resolved
Rubber Soul LLC
Entity
Free & Clear · 12 yrs held
Mailing address
160 MIDDLESEX TPKE, BEDFORD, MA 01730-1416
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2013
$2,625,000
Rubber Soul LLC
Dalton,michael C & Susan I
Grant Deed
—
Sep 21, 2013
$2,625,000
Rubber Soul LLC
Dalton,michael C & Susan I
Grant Deed
—
Jul 23, 2001
—
Michael C Dalton
—
Trustees Deed
related
$2,215,000 · Premier Bank
Feb 8, 2000
$275,000
Michael C Dalton
Bomboy,paula C
Grant Deed
$220,000 · Patriot Bank NA
Sep 12, 1997
$365,000
Paula C Bomboy
Andretti,mario
Grant Deed
$200,000 · Meridian National Bank
—
—
Michael C Dalton
—
Deed Of Trust
related
$150,000 · Fulton Bank
—
—
Michael C Dalton
—
Deed Of Trust
related
$700,000 · Premier Bank
—
—
Michael C Dalton
—
Deed Of Trust
related
$565,000 · Premier Bank
—
—
Michael C Dalton
—
Deed Of Trust
related
$80,000 · Premier 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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