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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Retail space
1928 Un Blvd 1934 Allentown, PA 18109-1630
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-2745059
Property summary
AI-generated overview
This exceptional 5,468 square foot flex space at 1928 Union Blvd in Allentown, Pennsylvania, presents a compelling investment opportunity. Situated on a generous 104 x 120 foot lot, this single-story building boasts Commercial - B1 zoning, ensuring versatile usage potential. The property features a recently installed roof, providing peace of mind for years to come. Heating is efficiently handled by a gas system. Ample on-site parking is available for tenants and visitors. Recent upgrades include a power system enhancement, ensuring sufficient capacity for modern business needs. The building is currently available for sale, with possession anticipated in September 2024. Located in Lehigh County, Pennsylvania, with the address 1928 Union Blvd, Allentown, PA 18109 (40.6253613, -75.4265107), this property offers excellent accessibility and visibility. Its flexible zoning and recent improvements make it ideal for a variety of commercial uses, representing a strong return on investment. The asking price is $750,000. Don't miss this chance to acquire a well-maintained, strategically located commercial property in a thriving Pennsylvania market.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Total area
5,468 SF
Lot
0.29 ac (12,480 SF)
Zoning code
B-1/
APN
641739319551-1
UPID
US73-2745059
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
-
Bethlehem Business Forms Marketing & Advertising
-
Working Dog Press (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$684k
Blend (final)
Blend
$615k
Owner & transaction history
Inflight Enterprises LLC · 1 yrs held
Inflight Enterprises LLC
since 2025
Last sale
$675,000
4 recorded transactions
Zoning & alternative use
B-1/ · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$955,000
+69.4%
Commercial (general)
$675,000
+20.0%
Apartment house (5+ units)
$595,000
+5.8%
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
$575,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$565,000
Current use
OFFICE BUILDING
$955,000
Change: +69% · Conversion: Easy
COMMERCIAL (GENERAL)
$675,000
Change: +20% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$595,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $675k (Mar 31 2025)
Last sale anchor
$675k
Mar 31 2025
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
$112 / 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
$16,109
Tax year 2024
Assessed value
$448,600
Assessed 2024
Previous assessed
$448,600
+0.0% YoY
Effective rate
3.59%
On assessed value
Assessed land
$118,300
Assessed improvement
$330,300
Land market value
$118,300
Improvement market value
$330,300
Total market value
$448,600
Applied tax rate
15.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Heating
YES
Cooling
YES
Stories
1
Total area
5,468 SF
Lot
0.29 ac (12,480 SF)
Zoning code
B-1/
APN
641739319551-1
UPID
US73-2745059
Jurisdiction
LEHIGH
Zoning & alternative use
B-1/ · Allentown, PA
Zoning B-1/ · permitted uses
B-1/ · 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
RETAIL STORES Current
Est. value
$565,000
OFFICE BUILDING
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$675,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$595,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1960
Heating
YES
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Inflight Enterprises LLC
Entity
Mailing address
PO BOX 4250, BETHLEHEM, PA 18018-0250
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2025
$675,000
Inflight Enterprises LLC
1928 Union Partners LP
Special Warranty Deed
$834,800 · Peoples Security Bank & Trust Compa
Jan 19, 2006
$415,000
1928 Union Partners
Bradley,emily E
Grant Deed
$385,000 · Emily E Bradley
Feb 22, 2000
$292,000
Emily E Bradley
Rotherham,albert P
Grant Deed
$292,000 · Individual
—
—
1928 Union Partners LP
—
Deed Of Trust
related
$312,726 · Embassy Bk/lehigh Vly
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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