Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2202-2206 Tilghman St Allentown, PA 18104

    • Residential income homes
    • 3,940 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1120169
    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

    • Residential income homes

    Property Details for 2202-2206 Tilghman St

    Year built
    1958
    Construction
    FRAME
    Lot size
    0.25 lot acres
    Property size
    3,940 SF
    Zone code
    R-M
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    549710143312-1
    APU
    5497101433121

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $690,000
      6.5%
      $635,000
      7%
      $590,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $540,000
      Market price range: $417k - $682k
      AI Estimate
      $502,000
      Market price range: $416k - $611k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $555,000
      Current use
      MEDICAL BUILDING
      $845,000
      Change: +51% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $750,000
      Change: +34% Conversion: Difficult
      OFFICE BUILDING
      $700,000
      Change: +25% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $490,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.5074
    Latitude
    40.603
    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
    $8,954
    $34,600
    $234,000
    $268,600
    -
    $34,600
    $234,000
    $268,600

    Comparable in this City

    • Value Estimation
      $515,000
      3,199 SF

      3131 Pkwy Blvd

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,199 SF
      3131 Pkwy Blvd, Allentown, PA 18104-5388
      View Details
    • Value Estimation by Request
      1,470 SF

      1936 Washington St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,470 SF
      1936 Washington St, Allentown, PA 18104-4033
      View Details
    • Value Estimation by Request
      1,340 SF

      13 19th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,340 SF
      13 19th St, Allentown, PA 18104-5675
      View Details
    • Value Estimation by Request
      2,649 SF

      3802 Broadway

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,649 SF
      3802 Broadway, Allentown, PA 18104-5201
      View Details
    • Value Estimation by Request
      1,566 SF

      3506 Broadway

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,566 SF
      3506 Broadway, Allentown, PA 18104-5900
      View Details
    • Value Estimation by Request
      2,136 SF

      221 17th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,136 SF
      221 17th St, Allentown, PA 18104-5604
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      58.86 Acres

      Lehigh Valley Mixed-Use Development

      Prime Allentown location, 58.86 acres. Live, work, play.
      361 Cedarbrook Rd, Allentown, PA 18104
      View Details
    • New
      $449,900
      2,378 SF

      Allentown City Multi-Family Opportunity

      Stately West End home, potential multi-unit conversion.
      1831 Hamilton St, Allentown, PA 18104
      View Details
    • $529,900
      2,196 SF

      Immaculate Upgraded End-Unit Townhome

      Move-in ready townhome with upgrades, spacious layout, and private patio.
      365 Pennycress Rd, Allentown, PA 18104
      View Details
    • $749,900

      Allentown Restaurant with Attached Home

      Family-owned restaurant with attached home in West Allentown.
      202 S 17Th St, Allentown, PA 18104
      View Details
    • $337,500
      1,743 SF

      Spacious Townhome in Parkland SD

      Three-bedroom, 2.5-bath townhome with garage, convenient location.
      357 Barn Swallow Ln, Allentown, PA 18104
      View Details
    • $265,000
      1,680 SF

      Victorian Home in Historic District

      Charming Victorian home with original features and modern updates.
      1119 W Turner St, Allentown, PA 18104
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,547 SF

      Allentown Retail Space Available

      Retail property available for lease in Allentown, Pennsylvania.
      1230 N 19Th St, Allentown, PA 18104
      View Details
    • $500 /Mo
      16,204 SF

      Allentown City Professional Office Suites

      Furnished office suites for lease in wellness center.
      1702 W Walnut St, Allentown, PA 18104
      View Details
    • Contact for pricing
      3,500 SF

      Memorial Road Flex Space For Lease

      High-end flex space, ample parking.
      5540 Memorial Rd, Allentown, PA 18104
      View Details
    • Contact for pricing
      68,846 SF

      Allentown Office Space for Lease

      Prime Allentown Office, 35,000 SF Available
      5050 Tilghman St, Allentown, PA 18104
      View Details
    • $19 SF/Yr
      33,244 SF

      Cedar Crest Blvd Office Space

      Class B Office Suites Available Now
      1401 Cedar Crest Blvd, Allentown, PA 18104
      View Details
    • $19 SF/Yr
      76,697 SF

      Allentown Executive Office Space

      Premium Allentown Office Suites Available
      3435 Winchester Rd, Allentown, PA 18104
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2202-2206 Tilghman St
    Allentown, PA 18104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.