Back to Search
Property profile & analytics
FOR LEASE
Warehouses
1727 Union Blvd Allentown, PA 18109
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-2113711
For Lease
1 / 3
$10 SF/Yr
1727 Union Blvd, Allentown, PA 18109
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Total area
114,754 SF
Lot
4.23 ac (184,172 SF)
Zoning code
B/LI
APN
641729557916-1
UPID
US73-2113711
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
-
Car's Cash For Junk Clunkers Discount Store Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.74M
Blend (final)
Blend
$5.80M
Owner & transaction history
Union Plaza Center LLC · 1 yrs held
Union Plaza Center LLC
since 2024
Last sale
$8.0M
7 recorded transactions
Zoning & alternative use
B/LI · 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
Method
Estimation
Statistic approach
$5,120,000
ML approach
$5,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,370,000
Current use
Blend value · Realmo final
$5.80M
Range $5.22M – $6.38M · ±10% · vs last sale $7.95M (Aug 13 2024)
Last sale anchor
$7.95M
Aug 13 2024
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
$51 / 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
$80,392
Tax year 2024
Assessed value
$2,446,900
Assessed 2024
Previous assessed
$2,446,900
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$253,700
Assessed improvement
$2,193,200
Land market value
$253,700
Improvement market value
$2,193,200
Total market value
$2,446,900
Applied tax rate
15.0000
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
For Lease
Year built
1950
Heating
STEAM
Cooling
YES
Stories
2
Total area
114,754 SF
Lot
4.23 ac (184,172 SF)
Zoning code
B/LI
APN
641729557916-1
UPID
US73-2113711
Jurisdiction
LEHIGH
Zoning & alternative use
B/LI · Allentown, PA
Zoning B/LI · permitted uses
B/LI · 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
$8.4M
WAREHOUSE, STORAGE Current
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
1950
Heating
STEAM
Cooling
Yes
Stories
2
Lot
4.23 ac
Current owner
From public records · entity-resolved
Union Plaza Center LLC
Entity
Mailing address
2350 SCHOENERSVILLE RD, BETHLEHEM, PA 18017-3602
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2024
$7,950,000
Union Plaza Center LLC
Edge Realty Holdings LLC
Deed
—
Apr 27, 2022
$4,850,000
Edge Realty Holdings LLC
Lehigh Valley Commercial Properties
Deed
$4,668,750 · Peoples Security Bank & Trust Compa
Sep 13, 2018
—
Lehigh Vly Coml Prop LLC
—
Deed
related
$2,150,000 · Fncb Bk
Mar 9, 2004
—
Lehigh Valley Coml Props LLC
Lehigh Valley Coml Props LLC
Quit Claim Deed
related
—
—
—
Lehigh Valley Coml Props LLC
—
Deed Of Trust
related
$2,600,000 · First Niagara Bank
—
—
Lehigh Valley Coml Props LLC
—
Deed Of Trust
related
$2,000,000 · East Penn Bank
—
—
Lehigh Valley Coml Props LLC
—
Deed Of Trust
related
$400,000 · East Penn Bank
—
—
Lehigh Vly Coml Prop LLC
—
Deed Of Trust
related
$2,150,000 · Fncb Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
