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Property profile & analytics
OFF-MARKET
Estimated value
$8,085,000
Outlet malls
1790 Airport Rd Allentown, PA 18109-9528
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-4257127
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2009
Total area
72,678 SF
Lot
17.21 ac (749,755 SF)
Zoning code
PC
APN
641803060765-1
UPID
US73-4257127
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.42M
Blend (final)
Blend
$8.09M
Owner & transaction history
Airport Associates · 21 yrs held
Airport Associates
since 2005
3 recorded transactions
Zoning & alternative use
PC · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.7M
+69.4%
Commercial (general)
$9.0M
+20.0%
Apartment house (5+ units)
$7.9M
+5.8%
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
RETAIL STORES
$7,500,000
Current use
OFFICE BUILDING
$12,710,000
Change: +69% · Conversion: Easy
COMMERCIAL (GENERAL)
$9,000,000
Change: +20% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$7,935,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$8.09M
Range $7.28M – $8.89M · ±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
$111 / 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
$659,607
Tax year 2024
Assessed value
$26,797,100
Assessed 2024
Previous assessed
$26,797,100
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$7,964,100
Assessed improvement
$18,833,000
Land market value
$7,964,100
Improvement market value
$18,833,000
Total market value
$26,797,100
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2009
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Rooms
7
Bathrooms
2
Total area
72,678 SF
Lot
17.21 ac (749,755 SF)
Zoning code
PC
APN
641803060765-1
UPID
US73-4257127
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
RETAIL STORES Current
Est. value
$7.5M
OFFICE BUILDING
Est. value
$12.7M
COMMERCIAL (GENERAL)
Est. value
$9.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.9M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2009
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Rooms
7
Bathrooms
2
Lot
17.21 ac
Current owner
From public records · entity-resolved
Airport Associates
Entity
Mailing address
1288 VLY FRG RD #66, VALLEY FORGE, PA 19482
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2014
—
Airport Associates LP
—
Grant Deed
related
$54,500,000 · Voya Retirement Ins & Annuity
Jul 21, 2010
—
Airport Associates LP
—
Deed Of Trust
related
$50,000,000 · Wells Fargo Bank
Feb 1, 2005
$9,473,450
Airport Associates
Witko,john
Grant Deed
$10,850,000 · Wachovia Bank NA
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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