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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Commercial land
2327 Hanover Ave Allentown, PA 18109-2405
Entity Owned
3-yr Hold
Free & Clear
Property ID
US73-1496959
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1930
Total area
6,340 SF
Lot
0.04 ac (1,960 SF)
Zoning code
B-3
APN
641758072317-1
UPID
US73-1496959
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$576k
Blend (final)
Blend
$550k
Owner & transaction history
Outfront Media LLC · 3 yrs held
Outfront Media LLC
since 2022
Last sale
$14,900
7 recorded transactions
Zoning & alternative use
B-3 · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$785,000
Current use
APARTMENT HOUSE (5+ UNITS)
$690,000
Change: -12% · Conversion: Moderate
RETAIL STORES
$655,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $15k (Oct 14 2022)
Last sale anchor
$15k
Oct 14 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
$87 / 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
$744
Tax year 2024
Assessed value
$14,900
Assessed 2024
Previous assessed
$14,900
+0.0% YoY
Effective rate
4.99%
On assessed value
Assessed land
$14,900
Land market value
$14,900
Total market value
$14,900
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1930
Heating
HOT WATER
Stories
3
Total area
6,340 SF
Lot
0.04 ac (1,960 SF)
Zoning code
B-3
APN
641758072317-1
UPID
US73-1496959
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
COMMERCIAL (GENERAL) Current
Est. value
$785,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$690,000
RETAIL STORES
Est. value
$655,000
COMMERCIAL (GENERAL) 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
1930
Heating
HOT WATER
Stories
3
Lot
0.04 ac
Current owner
From public records · entity-resolved
Outfront Media LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4667 SOMERTON RD STE F, TREVOSE, PA 19053-6754
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2022
$14,900
Outfront Media LLC
Matador Digital LLC
Deed
—
Jan 5, 2021
—
Matador Digital LLC
Willow Race LLC
Grant Deed
related
$50,000 · Manor Signs LLC
Mar 13, 2017
$63,785
Willow Race LLC
Timothy R / Lehigh County|rose SR. Manager
Tax Deed
—
Sep 14, 2016
$63,785
Willow Race LLC
Rose,timothy R SR
Grant Deed
—
Oct 5, 2015
—
Timothy R Rose SR
Rose,jimi
Quit Claim Deed
related
—
Oct 7, 2010
—
Jimi Rose
Rose,jason & Justin
Quit Claim Deed
related
—
Jul 29, 2005
—
Justin Rose
Rose,jason
Quit Claim Deed
related
—
Dec 27, 2004
—
Jason Rose
Rose,jimi
Quit Claim Deed
related
—
Jul 21, 2004
$44,950
Jimi Rose
Miller,jennifer
Grant Deed
related
—
Jul 13, 2004
—
Jennifer Miller
Miller,richard H
Quit Claim Deed
related
—
Jan 2, 2002
—
Richard H Miller
Miller,richard H & Jennifer
Quit Claim Deed
related
—
May 23, 2001
—
Richard H Miller
Miller,richard H
Quit Claim Deed
related
—
Jan 31, 2000
$44,000
Richard H Miller
Rose,jimi
Grant Deed
related
—
Dec 2, 1998
$43,500
Jimi Rose
Pond Road Properties INC
Grant Deed
related
$50,000 · First Lehigh 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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