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

    202 6th St, Unit 208 Allentown, PA 18102-4143

    • Office buildings
    • 11,178 SF
    • 0.15 lot acres
    OFF-MARKET
    Last Sale
    Mar 29, 2022
    $1,155,000
    Value Estimations
    $1,150,000
    Show details
    Cap Rate Potential
    4.9%
    Office buildings
    Location Intelligence
    Property ID
    US73-5394647
    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

    • Office buildings

    Property Details for 202 6th St

    Year built
    1900
    Lot size
    0.15 lot acres
    Property size
    11,178 SF
    Zone code
    R-MH
    Property type
    Office buildings
    APN
    640711069620-1
    APU
    6407110696201

    Description

    This exceptional 1,300 square foot office space is located at 202 N 6th St in Allentown, Pennsylvania, 18102. Situated in a three-story, Class B building, this newly renovated (2023) space is ideal for a variety of businesses. The building itself boasts a total of 11,178 square feet and offers nine parking spaces. The space is part of a multi-tenant building and is immediately available. The minimum leasable space is 1,300 square feet, which is also the maximum contiguous space currently available. The property is zoned R-MH and is located in Lehigh County. Its prime downtown location offers easy access to a vibrant business environment, with numerous retail establishments and restaurants within close proximity. The building was originally constructed in 1900 and underwent a complete renovation in 2023, ensuring modern amenities and a comfortable workspace. This versatile space is perfect for businesses seeking a professional and convenient location in the heart of Allentown. The space is suitable for various uses, including executive offices, traditional offices, and creative office spaces.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,325,000
      ML approach
      $1,295,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,080,000
      6.5%
      $995,000
      7%
      $925,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $987,000
      Market price range: $988k - $1.57M
      AI Estimate
      $720,000
      Market price range: $504k - $1.33M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,180,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,275,000
      Change: +8% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,135,000
      Change: -4% Conversion: Easy
      RETAIL STORES
      $1,065,000
      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
    -75.4714
    Latitude
    40.6057
    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
    $19,479
    $54,000
    $543,500
    $597,500
    -
    $54,000
    $543,500
    $597,500

    Comparable in this City

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      $15,550,000
      133,912 SF

      605 Waterfront Dr, Unit 631

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      View Details
    • Value Estimation by Request
      3,982 SF

      1101 Cedar St

      OFFICE BUILDING • 3,982 SF
      1101 Cedar St, Allentown, PA 18102-1346
      View Details
    • Value Estimation
      $1,530,000
      13,168 SF

      1612 Allen St

      OFFICE BUILDING • 13,168 SF
      1612 Allen St, Allentown, PA 18102-2012
      View Details
    • Value Estimation
      $4,290,000
      42,023 SF

      13 Penn St, Unit 35

      OFFICE BUILDING • 42,023 SF
      13 Penn St, Allentown, PA 18102-5409
      View Details
    • Value Estimation
      $1,905,000
      18,900 SF

      120 Un St, Unit 170

      OFFICE BUILDING • 18,900 SF
      120 Un St, Allentown, PA 18102-4912
      View Details
    • Value Estimation by Request
      3,057 SF

      441-443 Linden St

      PROFESSIONAL BUILDING (MULTI-STORY) • 3,057 SF
      441-443 Linden St, Allentown, PA 18102
      View Details

    Similar Nearby for Sale

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      Class A office building in West End Allentown with parking.
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      Updated historic building with long-term tenants and modern upgrades.
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      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
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      Allentown City Class A Office

      Class A office building in West End Allentown available for lease.
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      View Details
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      Allentown City Office Space Available

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      View Details
    • Contact for pricing
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      Prime Allentown Office Space

      6,736 SF Office Sublease Available
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    • $2,650 /Mo

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      Historic Allentown Office Space Available

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      View Details
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    202 6th St, Unit 208
    Allentown, PA 18102-4143
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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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