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Property profile & analytics
OFF-MARKET
Estimated value
$2,515,000
Banks
1828 Allen St 1852, Allentown, PA 18104-5046
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-1355908
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1950
Total area
14,342 SF
Lot
0.72 ac (31,200 SF)
Zoning code
B-5
APN
549730277110-1
UPID
US73-1355908
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
-
Butterfly Learning Center Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.52M
Owner & transaction history
Cmg Estates LLC · 6 yrs held
Cmg Estates LLC
since 2020
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
B-5 · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+47.0%
Medical building
$2.0M
+32.0%
Apartment house (5+ units)
$1.9M
+26.6%
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
$3,295,000
ML approach
$3,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,190,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$1,965,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,885,000
Change: +27% · Conversion: Difficult
RESTAURANT
$1,650,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$2.52M
Range $2.26M – $2.77M · ±10% · vs last sale $2.43M (Jan 22 2020)
Last sale anchor
$2.43M
Jan 22 2020
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
$175 / 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
$44,879
Tax year 2024
Assessed value
$1,337,800
Assessed 2024
Previous assessed
$1,337,800
+0.0% YoY
Effective rate
3.35%
On assessed value
Assessed land
$187,200
Assessed improvement
$1,150,600
Land market value
$187,200
Improvement market value
$1,150,600
Total market value
$1,337,800
Applied tax rate
11.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1950
Heating
YES
Cooling
YES
Stories
1
Total area
14,342 SF
Lot
0.72 ac (31,200 SF)
Zoning code
B-5
APN
549730277110-1
UPID
US73-1355908
Jurisdiction
LEHIGH
Zoning & alternative use
B-5 · Allentown, PA
Zoning B-5 · permitted uses
B-5 · 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
COMMERCIAL (GENERAL)
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
RESTAURANT
Est. value
$1.7M
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1950
Heating
YES
Cooling
Yes
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Cmg Estates LLC
Entity
Mailing address
4206 EISENHOWER DR, BETHLEHEM, PA 18020-8944
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2020
$2,425,000
Cmg Estates LLC
1901 Investors LP
Grant Deed
$1,818,750 · Peoples Sec Bk&tr
May 4, 2016
—
1901 Investors Limited Partnership
—
Deed
related
$240,000 · American Bank
Apr 25, 2014
$1,575,000
1901 Investors Limited Partnership
Joseph Ruffino
Deed
$1,780,000 · American Bank
Jun 29, 2009
—
Salvatore Ruffino
Ruffino,joseph & Georgette
Quit Claim Deed
related
—
Oct 25, 2004
—
Joseph Ruffino
—
Deed Of Trust
related
$2,100,000 · Lafayette Ambassador Bank
May 1, 2000
$950,000
Salvatore Ruffino
Kuehner,p D & Robyne
Grant Deed
—
—
—
Kuehner P D
—
Deed Of Trust
related
$145,001 · Lafayette Ambassador Bank
—
—
P D Kuehner
—
Deed Of Trust
related
$152,000 · Ambassador Bank Commonwealth
—
—
Joseph Ruffino
—
Deed Of Trust
related
$50,000 · Lafayette Ambassador Bank
—
—
P D Kuehner
—
Deed Of Trust
related
$1,529,000 · Pennsylvania Nat'l Bk & Tr Co
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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