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Property profile & analytics
OFF-MARKET
Turn key restaurants
1902 Allen St Allentown, PA 18104-5005
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1885045
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1925
Total area
2,400 SF
Lot
0.06 ac (2,400 SF)
Zoning code
B-5
APN
549730068347-1
UPID
US73-1885045
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
-
Salvatore Ruffino's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1901 Investors LP · 12 yrs held
1901 Investors LP
since 2014
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
B-5 · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,186
Tax year 2024
Assessed value
$288,600
Assessed 2024
Previous assessed
$288,600
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$14,400
Assessed improvement
$274,200
Land market value
$14,400
Improvement market value
$274,200
Total market value
$288,600
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1925
Heating
YES
Cooling
YES
Stories
1
Total area
2,400 SF
Lot
0.06 ac (2,400 SF)
Zoning code
B-5
APN
549730068347-1
UPID
US73-1885045
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.
Building & site characteristics
From public records
Year built
1925
Heating
YES
Cooling
Yes
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
1901 Investors LP
Entity
Mailing address
3935 HEMLOCK PL, BETHLEHEM, PA 18017-9329
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2024
—
Khaled Alsaed
—
Deed
related
$225,000 · Rama Thakrar Family Trust
May 4, 2016
—
1901 Investors Limited Partnership
—
Deed
related
$240,000 · American Bank
Apr 25, 2014
$1,575,000
1901 Investors LP
Ruffino Salvatore
Trustees Deed
$1,780,000 · American Bk
Oct 25, 2004
—
Joseph Ruffino
—
Deed Of Trust
related
$2,100,000 · Lafayette Ambassador Bank
May 1, 2000
—
Ruffino,salvatore
—
Grant Deed
related
$1,596,000 · Keystone Savings Bank
—
—
1901 Investors LP
—
Deed Of Trust
related
$240,000 · American Bk
—
—
Salvatore Ruffino
—
Deed Of Trust
related
$350,000 · American 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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