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Property profile & analytics
OFF-MARKET
Estimated value
$8,150,000
Refrigerated & Cold Storage
2100 Hoover Ave Allentown, PA 18109-9319
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US73-1234179
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
2000
Total area
89,902 SF
Lot
3.02 ac (131,551 SF)
Zoning code
PUD
APN
641812781861-1
UPID
US73-1234179
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
-
Primo Produce Agricultural Supply Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.55M
Comparable Approach
Comparable
$9.16M
Blend (final)
Blend
$8.15M
Owner & transaction history
Primo Ents · 22 yrs held
Primo Ents
since 2004
7 recorded transactions
Zoning & alternative use
PUD · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.1M
+69.8%
Apartment house (5+ units)
$9.8M
+49.8%
Retail stores
$9.3M
+41.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,265,000
6.5%
$8,550,000
7%
$7,940,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,555,000
Current use
COMMERCIAL (GENERAL)
$11,135,000
Change: +70% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,820,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$9,280,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$8.15M
Range $7.34M – $8.97M · ±10%
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
$91 / 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
$159,135
Tax year 2024
Assessed value
$6,465,000
Assessed 2024
Previous assessed
$6,465,000
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$301,900
Assessed improvement
$6,163,100
Land market value
$301,900
Improvement market value
$6,163,100
Total market value
$6,465,000
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
2000
Heating
YES
Cooling
YES
Stories
3
Total area
89,902 SF
Lot
3.02 ac (131,551 SF)
Zoning code
PUD
APN
641812781861-1
UPID
US73-1234179
Jurisdiction
LEHIGH
Zoning & alternative use
PUD · Allentown, PA
Zoning PUD · permitted uses
PUD · 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
WAREHOUSE, STORAGE Current
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$11.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.8M
RETAIL STORES
Est. value
$9.3M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
2000
Heating
YES
Cooling
Yes
Stories
3
Lot
3.02 ac
Current owner
From public records · entity-resolved
Primo Ents
Individual
Mailing address
2100 HOOVER AVE, ALLENTOWN, PA 18109-9319
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
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
Jul 2, 2024
—
Primo Trucking INC
—
Deed
related
$16,200,000 · Peoples Security Bank & Trust Company
Sep 19, 2018
—
Primo Ents LP
—
Deed
related
$14,900 · Branch Bk&tr
Mar 23, 2018
—
Primo Ents LP
—
Grant Deed
related
$2,116,546 · Branch Bk&tr
Nov 25, 2014
—
Primo Ents LP
—
Grant Deed
related
$1,800,000 · Santander Bk NA
Dec 31, 2012
—
Primo Ents LP
—
Deed Of Trust
related
$1,988,411 · Sovereign Bank
Aug 18, 2011
—
Primo Ents LP
—
Deed Of Trust
related
$5,000,000 · Sovereign Bank
Mar 25, 2004
—
Primo Ents
Primo Ents
Quit Claim Deed
related
—
—
—
Primo Ents LP
—
Loan Modification
related
$5,500,000 · Sovereign Bank
—
—
Primo Ents
—
Deed Of Trust
related
$500,000 · Sovereign Bank
—
—
Primo Ents LP
—
Deed Of Trust
related
$14,900 · Branch Bk&tr
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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