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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Apartment buildings
224-226 Carlisle St Allentown, PA 18109
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-0775995
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1915
Construction
TYPE NOT SPECIFIED
Total area
5,170 SF
Lot
0.08 ac (3,600 SF)
Zoning code
R-MH
APN
640782008848-1
UPID
US73-0775995
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.08M
CAP Approach
CAP
$735k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.04M
Owner & transaction history
Belmar Investment Properties LLC · 3 yrs held
Belmar Investment Properties LLC
since 2022
Last sale
$1.0M
3 recorded transactions
Zoning & alternative use
R-MH · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+96.0%
Restaurant
$1.0M
+77.6%
Auto repair, garage
$985,000
+74.0%
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
$1,055,000
ML approach
$1,075,000
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$735,000
7%
$680,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,105,000
Change: +96% · Conversion: Moderate
RESTAURANT
$1,005,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$985,000
Change: +74% · Conversion: Difficult
OFFICE BUILDING
$905,000
Change: +60% · Conversion: Moderate
COMMERCIAL (GENERAL)
$640,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $1.00M (Nov 3 2022)
Last sale anchor
$1.00M
Nov 3 2022
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
$200 / 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
$3,345
Tax year 2024
Assessed value
$86,100
Assessed 2024
Previous assessed
$86,100
+0.0% YoY
Effective rate
3.89%
On assessed value
Assessed land
$36,000
Assessed improvement
$50,100
Land market value
$36,000
Improvement market value
$50,100
Total market value
$86,100
Applied tax rate
14.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1915
Construction
TYPE NOT SPECIFIED
Heating
BASEBOARD
Stories
3
Units
6
Rooms
24
Bathrooms
6
Total area
5,170 SF
Lot
0.08 ac (3,600 SF)
Zoning code
R-MH
APN
640782008848-1
UPID
US73-0775995
Jurisdiction
LEHIGH
Zoning & alternative use
R-MH · Allentown, PA
Zoning R-MH · permitted uses
R-MH · 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
MEDICAL BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$985,000
OFFICE BUILDING
Est. value
$905,000
COMMERCIAL (GENERAL)
Est. value
$640,000
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1915
Construction
TYPE NOT SPECIFIED
Heating
BASEBOARD
Stories
3
Units
6
Rooms
24
Bathrooms
6
Lot
0.08 ac
Current owner
From public records · entity-resolved
Belmar Investment Properties LLC
Entity
Mailing address
14 WOODGATE DR, MONMOUTH JUNCTION, NJ 08852-3129
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2022
$1,000,000
Belmar Investment Properties LLC
J & M Rental Properties INC
Deed
$800,000 · Irco Community FCU
Jan 23, 2017
$90,000
J & M Rental Properties INC
Lehigh Landholdings INC
Grant Deed
$60,000 · Lehigh Landholdings INC
Jul 12, 2006
$335,000
Lehigh Landholdings INC
Stine,richard S & Ruth E
Grant Deed
related
$300,000 · First Star Savings 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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