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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Investment properties
2002 5th St 2014 Allentown, PA 18103-6802
Entity Owned
2-yr Hold
Property ID
US73-1250631
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
BRICK
Total area
3,778 SF
Lot
0.46 ac (19,981 SF)
Zoning code
R-L
APN
640651721433-1
UPID
US73-1250631
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$464k
Blend (final)
Blend
$760k
Owner & transaction history
1818 Michigan LLC · 2 yrs held
1818 Michigan LLC
since 2024
Last sale
$760,000
7 recorded transactions
Zoning & alternative use
R-L · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$810,000
+72.8%
Auto repair, garage
$720,000
+53.5%
Office building
$510,000
+9.3%
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
$760,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$570,000
7%
$525,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$470,000
Current use
MEDICAL BUILDING
$810,000
Change: +73% · Conversion: Easy
AUTO REPAIR, GARAGE
$720,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$510,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $760k (Jan 30 2024)
Last sale anchor
$760k
Jan 30 2024
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
$201 / 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
$8,159
Tax year 2024
Assessed value
$235,000
Assessed 2024
Previous assessed
$235,000
+0.0% YoY
Effective rate
3.47%
On assessed value
Assessed land
$47,300
Assessed improvement
$187,700
Land market value
$47,300
Improvement market value
$187,700
Total market value
$235,000
Applied tax rate
19.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
BRICK
Heating
BASEBOARD
Cooling
YES
Stories
3
Units
1
Rooms
16
Bathrooms
6
Total area
3,778 SF
Lot
0.46 ac (19,981 SF)
Zoning code
R-L
APN
640651721433-1
UPID
US73-1250631
Jurisdiction
LEHIGH
Zoning & alternative use
R-L · Allentown, PA
Zoning R-L · permitted uses
R-L · 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) Current
Est. value
$470,000
MEDICAL BUILDING
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$720,000
OFFICE BUILDING
Est. value
$510,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1900
Construction
BRICK
Heating
BASEBOARD
Cooling
Yes
Stories
3
Units
1
Rooms
16
Bathrooms
6
Lot
0.46 ac
Current owner
From public records · entity-resolved
1818 Michigan LLC
Entity
Mailing address
8505 NAKETA BCH RD, MUKILTEO, WA 98275-3156
Ownership since
2024
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 30, 2024
$760,000
1818 Michigan LLC
David Burt
Deed
$520,000 · Peoples Security Bank & Trust Compa
Apr 1, 2019
—
David A Burt
—
Deed
related
$52,800 · Cf Fund II LLC
May 1, 2017
—
David A Burt
—
Deed
related
$314,000 · First Merchants Bk
Jul 14, 2016
—
David A Burt
Burt,david A
Quit Claim Deed
related
—
Mar 6, 2013
$235,000
David A Burt
Michael F Lentz
Warranty Deed
$450,600 · Midwest Business Capital
—
—
David A Burt
—
Deed Of Trust
related
$52,800 · Cf Fund II LLC
—
—
Michael F Lentz
—
Deed Of Trust
related
$161,000 · East Penn Bank
—
—
Michael F Lentz
—
Deed Of Trust
related
$100,000 · East Penn Bank
—
—
Michael F Lentz
—
Deed Of Trust
related
$125,000 · East Penn Bank
—
—
David A Burt
—
Deed Of Trust
related
$314,000 · First Merchants Bk
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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