Entity Owned Property summary
AI-generated overview
The property is a six-level commercial structure located in downtown Allentown, Pennsylvania. The total building area is 21,318 square feet and it includes a glass rooftop bar. The building has a history of restaurant use, having previously been occupied by The Cosmopolitan and later Hook Seafood Restaurant. The space is configured to support uses such as a restaurant, event venue, catering facility, or conference center, and it may also be adaptable for other higher-end concepts such as a boutique hotel or residential redevelopment, subject to applicable approvals and permitting.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2010
Total area
17,420 SF
Lot
0.09 ac (3,900 SF)
Zoning code
B-2
APN
640710474906-1
UPID
US73-1055300
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$2.31M
Owner & transaction history
since 2020
Last sale
$1.7M
4 recorded transactions
Zoning & alternative use
B-2 · Allentown, PA
Zoning description
ely residential, the sign regulations shall apply that would otherwise apply to the R-M district, or its successor zoning district. For other portions of the PRD, the sign regulations shall apply that would apply to the…
General category
CIVIC_INSTITUTIONAL
Top alternative use upside
Medical building
$3.7M
+10.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.31M
Value range
$2.08M – $2.54M
±10% around blend
Estimated value / SF
$133 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$2.08M
blend $2.31M
$2.54M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
17,420 SF
Lot area
0.09 ac
Year built
2010
Stories
6
APN
640710474906-1
Zoning
B-2
Assessed value
$2,656,100
Annual tax
$83,168
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.97M
Range $1.18M – $2.82M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.31M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 44 sales
$194
-32%
County 80 sales
$190
-30%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $133/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+10%
vs current-use indication
Restaurant · current use
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.70M
Move the market yield to see immediate price impact.
Value / SF
$98
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$107k
$2.14M
$1.53M
$1.19M
$119k
$2.38M
$1.70M
$1.32M
$131k
$2.62M
$1.87M
$1.45M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$83,168
Tax year 2024
Assessed value
$2,656,100
Assessed 2024
Previous assessed
$2,656,100
+0.0% YoY
Effective rate
3.13%
On assessed value
Assessed land
$60,700
Assessed improvement
$2,595,400
Land market value
$60,700
Improvement market value
$2,595,400
Total market value
$2,656,100
Applied tax rate
5.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2010
Heating
YES
Cooling
YES
Stories
6
Total area
17,420 SF
Lot
0.09 ac (3,900 SF)
Zoning code
B-2
APN
640710474906-1
UPID
US73-1055300
Jurisdiction
LEHIGH
Zoning & alternative use
B-2 · Allentown, PAZoning B-2 · permitted uses
B-2 · Allentown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
ely residential, the sign regulations shall apply that would otherwise apply to the R-M district, or its successor zoning district. For other portions of the PRD, the sign regulations shall apply that would apply to the…
General category
CIVIC_INSTITUTIONAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Heating
YES
Cooling
Yes
Stories
6
Lot
0.09 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
B-2
CIVIC_INSTITUTIONAL
Jurisdiction
Allentown, PA
Recorded code
B-2
Official district
B-2
Official district profile
What the municipal code says about B-2
Zoning description
ely residential, the sign regulations shall apply that would otherwise apply to the R-M district, or its successor zoning district. For other portions of the PRD, the sign regulations shall apply that would apply to the…
General category
CIVIC_INSTITUTIONAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-2 in Allentown, PA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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