Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18 8th St, Unit 22 Allentown, PA 18101-1204
    Back to Search
    Property profile & analytics

    18 8th St, Unit 22, Allentown, PA 18101-1204

    View on Map
    • Parking lots & garages
    • 2,768 SF
    • 0.71 lot acres
    Off-Market
    Last Sale Aug 26, 2022
    $33,001
    Property ID
    US73-2145385
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 18 8th St

    Year built
    1920
    Construction
    BRICK
    Lot size
    0.71 lot acres
    Zone code
    B-2
    Property type
    Parking lots & garages
    APN
    640700248455-1
    APU
    6407002484551

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 26, 2022 — Da Vinci Science City LLC Da Vinci Science City LLC Intrafamily Transfer · related —
    Aug 17, 2022 $33,001 Da Vinci Science City LLC City Of Allentown Deed —
    Jul 1, 2022 — City Of Allentown Da Vinci Science City LLC Deed —
    Jan 31, 2022 $1,650,000 Da Vinci Science City LLC 8th Street LLC Special Warranty Deed $5.6M · City Of Allentown
    Jan 13, 2015 $1,400,000 8th Street LLC Allentown Parking Authority Grant Deed $900k · Allentown Parking Authority
    Dec 31, 2014 — Allentown Parking Authority Allentown Parking Authority Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $567,000
      Market price range: $102k - $567k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4744
    Latitude
    40.6022
    CBSA code
    10900
    CBSA name
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $439,400
    $42,500
    $481,900
    -
    $439,400
    $42,500
    $481,900

    Comparable in this City

    • Value Estimation by Request
      288 SF

      43-47 7th St

      PARKING LOT
      43-47 7th St, Allentown, PA 18101
      View Details
    • Value Estimation
      $13,000,000
      330,827 SF

      940 Linden St, Unit 952

      PARKING GARAGE, PARKING STRUCTURE
      940 Linden St, Allentown, PA 18101-1111
      View Details
    • Value Estimation by Request
      0.03 Acres

      120 Church St

      PARKING LOT
      120 Church St, Allentown, PA 18101
      View Details
    • Value Estimation by Request
      0.38 Acres

      505-521 Hickory St

      PARKING LOT
      505-521 Hickory St, Allentown, PA 18101
      View Details
    • Value Estimation
      $505,000
      8,171 SF

      25-27 9th St

      PARKING LOT
      25-27 9th St, Allentown, PA 18101
      View Details
    • Value Estimation by Request
      0.14 Acres

      26 Wood St, Unit 38

      PARKING LOT
      26 Wood St, Allentown, PA 18101-1944
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,318 SF

      Versatile Allentown Restaurant/Event Facility

      Six-level restaurant/event facility in revitalized downtown Allentown.
      18-22 N 6Th St, Allentown, PA 18101
      View Details
    • Contact for pricing

      Restaurant Space in Historic Building

      Restaurant space with patio in downtown Allentown's Center Square.
      702 Hamilton St, Allentown, PA 18101
      View Details
    • $849,900
      4,280 SF

      Mixed-Use Investment Property, Allentown, PA

      Versatile 3-unit property with commercial and residential income potential.
      1015 W Hamilton St, Allentown, PA 18101
      View Details
    • $1,495,000
      34,320 SF

      Approved Multifamily Development Opportunity

      Fully approved multifamily development with 43 units and commercial space.
      19 N 11Th St, Allentown, PA 18101
      View Details
    • $7,500,000
      18,124 SF

      Prime Redevelopment Site in Allentown

      Nearly half-acre corner lot suitable for major redevelopment project.
      915 W Hamilton St, Allentown, PA 18101
      View Details
    • $1,300,000
      13,344 SF

      Allentown Mixed-Use Investment Opportunity

      Four-story building in Allentown's NIZ with commercial and residential potential.
      539 W Hamilton St, Allentown, PA 18101
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Building

      LEED Gold certified office building in downtown Allentown.
      835 Hamilton St, Allentown, PA 18101
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Bustling Location

      Retail space with high visibility and ample parking available for rent.
      201 Hamilton St, Allentown, PA 18101
      View Details
    • Contact for pricing
      3,550 SF

      Allentown Retail or Office Space

      First floor retail/office space in Allentown's NIZ zone.
      962 W Hamilton St, Allentown, PA 18101
      View Details
    • $2,000 /Mo
      915 SF

      Allentown City Commercial Rental Space

      Commercial rental with high visibility, ideal for office or retail.
      140 N 7Th St, Allentown, PA 18101
      View Details
    • $8 SF/Yr
      9,452 SF

      Allentown Office Space For Lease

      Private office space available in Downtown Allentown's thriving business district.
      931 W Hamilton St, Allentown, PA 18101
      View Details
    • $450 /Mo

      Downtown Allentown Office Space Available

      Affordable office spaces with shared amenities in revitalized downtown Allentown.
      931 W Hamilton St, Allentown, PA 18101
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18 8th St, Unit 22
    Allentown, PA 18101-1204
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    18 8th St, Allentown, PA, 18101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!