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    Property profile & analytics

    203 E Emmaus Ave Allentown, PA 18103

    • Office buildings
    • 3,176 SF
    • 0.20 lot acres
    For Sale
    View listing
    $629,900
    Last Sale
    Oct 15, 2024
    $530,000
    Value Estimations
    Cap Rate Potential
    3.5%
    Office buildings
    Location Intelligence
    Property ID
    US73-2752722
    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

    • MRH Enterprise LLC Property Management / Property Management Company
    • Howard Homes / Construction Company

    Property Details for 203 E Emmaus Ave

    Year built
    1992
    Lot size
    0.20 lot acres
    Property size
    3,176 SF
    Zone code
    C2
    Property type
    Office buildings
    APN
    640672994774-1
    APU
    6406729947741

    Description

    This exceptional 1,500-square-foot executive office suite is ideally located at 203 East Emmaus Avenue in Allentown, Pennsylvania, zip code 18103. The property is a single-tenant space, offering complete privacy and control. The entire 1,500 square feet is currently vacant and ready for immediate occupancy. Situated in Lehigh County, this office boasts a C2 Neighborhood zoning classification, providing flexibility for a variety of professional uses. The building's address is conveniently located in Allentown, offering easy access to major roadways and local amenities. This presents a unique opportunity for businesses seeking a well-appointed, single-tenant office space in a desirable Allentown location. The property is perfect for a company seeking a move-in ready space without the need for extensive renovations or sharing common areas. The ample square footage allows for flexible layouts to accommodate various business needs and configurations. The strategic location within Allentown ensures excellent visibility and accessibility for clients and employees alike. Interested parties are encouraged to inquire further to explore the possibilities this exceptional office space offers. The property is available for lease. This is a single-tenant space in a prime Allentown location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $530,000
      ML approach
      $530,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $491,000
      Market price range: $299k - $571k
      AI Estimate
      $368,000
      Market price range: $135k - $511k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $430,000
      Current use
      MEDICAL BUILDING
      $680,000
      Change: +58% Conversion: Easy
      AUTO REPAIR, GARAGE
      $605,000
      Change: +40% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $395,000
      Change: -9% Conversion: Easy
      RETAIL STORES
      $355,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4476
    Latitude
    40.5813
    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
    $11,693
    $61,300
    $327,300
    $388,600
    -
    $61,300
    $327,300
    $388,600

    Comparable in this City

    • Value Estimation
      $6,635,000
      76,445 SF

      1243 Cedar Crst Blvd

      OFFICE BUILDING • 76,445 SF
      1243 Cedar Crst Blvd, Allentown, PA 18103-6268
      View Details
    • Value Estimation
      $670,000
      5,600 SF

      2402-2406 Sunshine Rd

      OFFICE BUILDING • 5,600 SF
      2402-2406 Sunshine Rd, Allentown, PA 18103
      View Details
    • Value Estimation by Request
      3,760 SF

      1036 Tioga St

      OFFICE BUILDING • 3,760 SF
      1036 Tioga St, Allentown, PA 18103-3938
      View Details
    • Value Estimation by Request
      1,672 SF

      880 Minesite Rd

      PROFESSIONAL BUILDING (MULTI-STORY) • 1,672 SF
      880 Minesite Rd, Allentown, PA 18103-9206
      View Details
    • Value Estimation
      $950,000
      3,334 SF

      1501 Lehigh N Pkwy

      PROFESSIONAL BUILDING (MULTI-STORY) • 3,334 SF
      1501 Lehigh N Pkwy, Allentown, PA 18103-2926
      View Details
    • Value Estimation
      $510,000
      5,104 SF

      2703 Emaus Ave, Unit 2711

      OFFICE BUILDING • 5,104 SF
      2703 Emaus Ave, Allentown, PA 18103-7217
      View Details

    Similar Nearby for Sale

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      Renovated Freestanding Office Building

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      Allentown Executive Office Building

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      203 Emmaus Ave, Allentown, PA 18103
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    • New
      $629,900
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      Mixed-Use Property in Salisbury Township

      Well-maintained mixed-use property with office and apartment spaces.
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      View Details
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      Mixed-Use Property in Salisbury Township

      Well-maintained mixed-use property with office and residential units in Allentown.
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      Allentown Commercial Corner Lot Property

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    Similar Nearby for Lease

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      Allentown Office/Medical Space Available

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      View Details
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    203 E Emmaus Ave
    Allentown, PA 18103
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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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