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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1875 Airport Rd Allentown, PA 18109-9532

    • Turn key restaurants
    • 6,374 SF
    • 1.22 lot acres
    OFF-MARKET
    Value Estimations
    $1,075,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-4311091
    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.

    Current Use by Public Records

    • Red Robin Gourmet Burgers and Brews / Restaurant

    Property Details for 1875 Airport Rd

    Year built
    2001
    Lot size
    1.22 lot acres
    Property size
    6,374 SF
    Zone code
    PUD
    Property type
    Turn key restaurants
    APN
    641813266007-2
    APU
    6418132660072

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,030,000
      Market price range: $477k - $1.03M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,235,000
      Current use
      MEDICAL BUILDING
      $1,365,000
      Change: +10% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,210,000
      Change: -2% Conversion: Difficult
      OFFICE BUILDING
      $1,115,000
      Change: -10% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4338
    Latitude
    40.6379
    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
    $56,481
    $302,900
    $1,991,700
    $2,294,600
    -
    $302,900
    $1,991,700
    $2,294,600

    Comparable in this City

    • Value Estimation
      $1,270,000
      5,563 SF

      1871 Catasauqua Rd

      RESTAURANT • 5,563 SF
      1871 Catasauqua Rd, Allentown, PA 18109-3103
      View Details
    • Value Estimation by Request
      1,500 SF

      1905-1909 Un Blvd

      RESTAURANT • 1,500 SF
      1905-1909 Un Blvd, Allentown, PA 18109
      View Details
    • Value Estimation
      $800,000
      2,460 SF

      801 Un Blvd, Unit 809

      RESTAURANT • 2,460 SF
      801 Un Blvd, Allentown, PA 18109-3235
      View Details
    • Value Estimation by Request
      2,720 SF

      222-224 Hamilton St

      RESTAURANT • 2,720 SF
      222-224 Hamilton St, Allentown, PA 18109
      View Details
    • Value Estimation by Request
      2,346 SF

      2302 Un Blvd, Unit 2316

      RESTAURANT • 2,346 SF
      2302 Un Blvd, Allentown, PA 18109-1640
      View Details
    • Value Estimation
      $825,000
      4,671 SF

      1836 Catasauqua Rd

      RESTAURANT • 4,671 SF
      1836 Catasauqua Rd, Allentown, PA 18109-3128
      View Details

    Similar Nearby for Sale

    • $1,399,000
      2,967 SF

      Established Restaurant on High-Traffic Road

      Well-established Italian restaurant for sale in high-traffic location.
      2400 Schoenersville Rd, Allentown, PA 18109
      View Details
    • $2,800,000
      1.00 Acre

      Hanover Ave Mixed-Use Investment

      Landmark Restaurant, Apartments, & Parking
      1824-1826 Hanover Ave, Allentown, PA 18109
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    • $550,000
      3,679 SF

      Allentown Executive Office Building

      Prime Allentown location, 3,679 SF office space.
      1102 Union Blvd, Allentown, PA 18109
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    • $1,495,000
      45,302 SF

      Commercial Lot with High Visibility

      Commercial lot at busy intersection with great visibility.
      902 E Livingston St, Allentown, PA 18109
      View Details
    • $1,495,000
      0.60 Acres

      Allentown Commercial Land - $1.495M

      High-visibility commercial land, 0.6 acres.
      0 Irving St, Allentown, PA 18109
      View Details
    • $2,690,000
      24,000 SF

      Allentown Industrial Facility with Amenities

      Well-maintained industrial facility in Allentown, PA, ready for operations.
      475-485 Business Park Ln, Allentown, PA 18109
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    Similar Nearby for Lease

    • Contact for pricing
      20,000 SF

      Airport Road Retail Opportunity

      Allentown Retail Space & Pad Site Available
      1231-1319 Airport Rd, Allentown, PA 18109
      View Details
    • Contact for pricing
      3,400 SF

      Union Blvd Retail Showroom Space

      Retail showroom with office, bathroom, and private parking.
      1802 Union Blvd, Allentown, PA 18109
      View Details
    • Contact for pricing
      1,320 SF

      Allentown Retail Space Available

      Retail space available for lease in Allentown, Pennsylvania.
      2101 Union Blvd, Allentown, PA 18109
      View Details
    • $12 SF/Yr
      4,900 SF

      Retail Space in Allentown Plaza

      Retail space available in a busy, anchored shopping center.
      1233-1239 Airport Rd, Allentown, PA 18109
      View Details
    • $14 SF/Yr
      9,700 SF

      Allentown Retail Space For Lease

      Large retail space with high ceilings and strong co-tenancy.
      1856-1900 Catasauqua Rd, Allentown, PA 18109
      View Details
    • Contact for pricing
      4 SF

      Lehigh Valley Parking Area Available

      1/4 acre parking area with highway access for rent.
      981 Postal Rd Lehigh Vly Industrial Park, Allentown, PA 18109
      View Details

    Property Visit Statistics

    • Visits by month
      16.4k
    • Visitors by month
      14.6k
    • Avg Time on site
      60 min
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    1875 Airport Rd
    Allentown, PA 18109-9532
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    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
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