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Property profile & analytics
OFF-MARKET
Estimated value
$10,945,000
Distribution centers
2121 31st SW St Allentown, PA 18103-7006
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-1273132
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1969
Total area
148,587 SF
Lot
12.05 ac (524,985 SF)
Zoning code
I-2
APN
549574964649-1
UPID
US73-1273132
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
-
Filmtech Corporation Industrial Manufacturer Production Facility
-
A Sheftel & Sons Inc Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.13M
Comparable Approach
Comparable
$11.20M
Blend (final)
Blend
$10.95M
Owner & transaction history
Aca Realty Co · 16 yrs held
Aca Realty Co
since 2010
4 recorded transactions
Zoning & alternative use
I-2 · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$17.2M
+39.1%
Retail stores
$16.5M
+33.5%
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%
$15,310,000
6.5%
$14,130,000
7%
$13,120,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,360,000
Current use
APARTMENT HOUSE (5+ UNITS)
$17,200,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$16,510,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$10.95M
Range $9.85M – $12.04M · ±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
$74 / 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
$199,794
Tax year 2024
Assessed value
$5,949,400
Assessed 2024
Previous assessed
$5,949,400
+0.0% YoY
Effective rate
3.36%
On assessed value
Assessed land
$843,600
Assessed improvement
$5,105,800
Land market value
$843,600
Improvement market value
$5,105,800
Total market value
$5,949,400
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1969
Heating
YES
Cooling
YES
Stories
1
Total area
148,587 SF
Lot
12.05 ac (524,985 SF)
Zoning code
I-2
APN
549574964649-1
UPID
US73-1273132
Jurisdiction
LEHIGH
Zoning & alternative use
I-2 · Allentown, PA
Zoning I-2 · permitted uses
I-2 · 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
$12.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.2M
RETAIL STORES
Est. value
$16.5M
WAREHOUSE, STORAGE Current
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
1969
Heating
YES
Cooling
Yes
Stories
1
Lot
12.05 ac
Current owner
From public records · entity-resolved
Aca Realty Co
Entity
Free & Clear · 16 yrs held
Mailing address
2919 CTR PRT CIR, POMPANO BEACH, FL 33064-2105
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Jan 9, 2020
—
Aca Realty Co
—
Deed
related
$4,900,000 · Peapack Gladstone Bk
Jul 2, 2010
$4,750,000
Aca Realty Co
Sheftel Realty LP
Grant Deed
—
Feb 23, 2006
$3,509,688
Sheftel Realty
Belham Associates
Grant Deed
—
—
—
Aca Realty Co
—
Deed Of Trust
related
$4,900,000 · Peapack Gladstone 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.
Try Rey
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