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Property profile & analytics
OFF-MARKET
Estimated value
$1,995,000
Specialty properties
1780 Airport Rd Allentown, PA 18109-9528
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1244046
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1993
Total area
26,470 SF
Lot
7 ac (304,833 SF)
Zoning code
PC
APN
641803333532-1
UPID
US73-1244046
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
-
The Downs at Lehigh Valley Auto Parts Store
-
Unibet Sportsbook at Lehigh Valley Betting Agency Casino
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
Downs Racing LP · 1 yrs held
Downs Racing LP
since 2025
7 recorded transactions
Zoning & alternative use
PC · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.1M
+55.5%
Medical building
$2.9M
+45.6%
Auto repair, garage
$2.7M
+37.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$1,965,000
Current use
RESTAURANT
$3,055,000
Change: +56% · Conversion: Difficult
MEDICAL BUILDING
$2,860,000
Change: +46% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,705,000
Change: +38% · Conversion: Difficult
OFFICE BUILDING
$2,625,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$2,095,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$2.00M
Range $1.80M – $2.19M · ±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
$75 / 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
$103,821
Tax year 2024
Assessed value
$4,217,800
Assessed 2024
Previous assessed
$4,217,800
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$1,737,500
Assessed improvement
$2,480,300
Land market value
$1,737,500
Improvement market value
$2,480,300
Total market value
$4,217,800
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1993
Heating
HEAT PUMP
Stories
1
Total area
26,470 SF
Lot
7 ac (304,833 SF)
Zoning code
PC
APN
641803333532-1
UPID
US73-1244046
Jurisdiction
LEHIGH
Zoning & alternative use
PC · Allentown, PA
Zoning PC · permitted uses
PC · 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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$2.0M
RESTAURANT
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.6M
RETAIL STORES
Est. value
$2.1M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1993
Heating
HEAT PUMP
Stories
1
Lot
7 ac
Current owner
From public records · entity-resolved
Downs Racing LP
Entity
Mailing address
1280 HWY 315TH BLVD, WILKES BARRE, PA 18702-7002
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Apr 25, 2025
—
Downs Racing LP
—
Deed
related
$700,000,000 · Citibank NA
Jan 29, 2021
—
Downs Racing LP
—
Deed
related
$117,500,000 · Citizens Bank NA
Dec 18, 2020
—
Downs Racing LP
—
Deed
related
$50,000,000 · Liberty Bank
Oct 17, 2016
—
Downs Racing LP
—
Deed
related
$140,000,000 · Citizens Bank NA
Mar 7, 2012
—
Racing LP Downs
—
Deed Of Trust
related
$225,000,000 · Wells Fargo Gaming Capital LLC
—
—
Racing Downs
—
Deed Of Trust
related
$200,000 · Us Bank NA
—
—
Racing LP Downs
—
Deed Of Trust
related
—
—
—
Racing LP Downs
—
Deed Of Trust
related
—
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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