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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Bars & Pubs
2204 Un Blvd Allentown, PA 18109-1638
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-0990159
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1920
Construction
TYPE NOT SPECIFIED
Total area
4,352 SF
Lot
0.16 ac (6,970 SF)
Zoning code
B-3
APN
641749323909-1
UPID
US73-0990159
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
-
East Siders Bar & Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$725k
Owner & transaction history
B T Property LLC · 3 yrs held
B T Property LLC
since 2023
Last sale
$725,000
5 recorded transactions
Zoning & alternative use
B-3 · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$930,000
+10.4%
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
$705,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$845,000
Current use
MEDICAL BUILDING
$930,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$825,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$760,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $725k (Apr 5 2023)
Last sale anchor
$725k
Apr 5 2023
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
$167 / 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
$10,418
Tax year 2024
Assessed value
$299,700
Assessed 2024
Previous assessed
$299,700
+0.0% YoY
Effective rate
3.48%
On assessed value
Assessed land
$61,000
Assessed improvement
$238,700
Land market value
$61,000
Improvement market value
$238,700
Total market value
$299,700
Applied tax rate
15.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1920
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
5
Bathrooms
8
Total area
4,352 SF
Lot
0.16 ac (6,970 SF)
Zoning code
B-3
APN
641749323909-1
UPID
US73-0990159
Jurisdiction
LEHIGH
Zoning & alternative use
B-3 · Allentown, PA
Zoning B-3 · permitted uses
B-3 · 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
RESTAURANT Current
Est. value
$845,000
MEDICAL BUILDING
Est. value
$930,000
AUTO REPAIR, GARAGE
Est. value
$825,000
OFFICE BUILDING
Est. value
$760,000
RESTAURANT Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1920
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
5
Bathrooms
8
Lot
0.16 ac
Current owner
From public records · entity-resolved
B T Property LLC
Entity
Mailing address
2204 UN BLVD, ALLENTOWN, PA 18109-1638
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2023
$725,000
B T Property LLC
Baz & Midge Real Estate LLC
Deed
$540,000 · First Keystone Community Bank
Sep 22, 2016
$475,000
Baz & Midge Real Estate LLC
Rigopoulos,john & Donna
Grant Deed
$380,000 · New Tripoli Bk
Jun 20, 2012
$375,000
John Rigopoulos
Karvan,francis J & Roxanne A
Grant Deed
$357,500 · Conestoga Bank
Aug 20, 2004
$235,000
Francis J Karvan
Beitler,craig & Brain
Grant Deed
$180,000 · Susquehanna Patriot Bank
—
—
Francis J Karvan
—
Deed Of Trust
related
$50,000 · Susquehanna Bank
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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