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Property profile & analytics
OFF-MARKET
Estimated value
$8,550,000
Distribution centers
1820 Race St Allentown, PA 18109-9584
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-1523414
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1967
Total area
87,588 SF
Lot
9.35 ac (407,373 SF)
Zoning code
PIO
APN
641912670627-1
UPID
US73-1523414
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
-
XPO Logistics Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.29M
CAP Approach
CAP
$8.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.55M
Owner & transaction history
Bendeal Associates LLC · 3 yrs held
Bendeal Associates LLC
since 2023
Last sale
$8.8M
1 recorded transaction
Zoning & alternative use
PIO · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.8M
+69.8%
Apartment house (5+ units)
$9.6M
+49.8%
Retail stores
$9.0M
+41.5%
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
$8,545,000
ML approach
$8,285,000
CAP Approach
CAP Return
Estimation
6%
$9,025,000
6.5%
$8,330,000
7%
$7,735,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,390,000
Current use
COMMERCIAL (GENERAL)
$10,845,000
Change: +70% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,565,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$9,040,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$8.55M
Range $7.70M – $9.41M · ±10% · vs last sale $8.80M (Jul 12 2023)
Last sale anchor
$8.80M
Jul 12 2023
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
$98 / 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
$43,162
Tax year 2024
Assessed value
$1,753,500
Assessed 2024
Previous assessed
$1,753,500
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$561,100
Assessed improvement
$1,192,400
Land market value
$561,100
Improvement market value
$1,192,400
Total market value
$1,753,500
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1967
Heating
SPACE
Stories
1
Total area
87,588 SF
Lot
9.35 ac (407,373 SF)
Zoning code
PIO
APN
641912670627-1
UPID
US73-1523414
Jurisdiction
LEHIGH
Zoning & alternative use
PIO · Allentown, PA
Zoning PIO · permitted uses
PIO · 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
$6.4M
COMMERCIAL (GENERAL)
Est. value
$10.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.6M
RETAIL STORES
Est. value
$9.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1967
Heating
SPACE
Stories
1
Lot
9.35 ac
Current owner
From public records · entity-resolved
Bendeal Associates LLC
Entity
Mailing address
2225 EE BLVD, BETHLEHEM, PA 18017-5005
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2023
$8,800,000
Bendeal Associates LLC
Musue LLC
Special Warranty Deed
$8,800,000 · Truist Bank
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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