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Property profile & analytics
OFF-MARKET
Estimated value
$3,160,000
Auto shops
2340 Lehigh St Allentown, PA 18103-4703
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-2267073
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1963
Total area
23,846 SF
Lot
3.88 ac (169,187 SF)
Zoning code
B-3
APN
549588259577-1
UPID
US73-2267073
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
$3.29M
Blend (final)
Blend
$3.16M
Owner & transaction history
2350 Lehigh Street Assocs LLC · 10 yrs held
2350 Lehigh Street Assocs LLC
since 2016
7 recorded transactions
Zoning & alternative use
B-3 · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.1M
+12.6%
Restaurant
$4.6M
+2.0%
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
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
AUTO REPAIR, GARAGE
$4,530,000
Current use
MEDICAL BUILDING
$5,105,000
Change: +13% · Conversion: Difficult
RESTAURANT
$4,625,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.16M
Range $2.84M – $3.48M · ±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
$133 / 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
$121,834
Tax year 2024
Assessed value
$3,253,800
Assessed 2024
Previous assessed
$3,253,800
+0.0% YoY
Effective rate
3.74%
On assessed value
Assessed land
$1,119,700
Assessed improvement
$2,134,100
Land market value
$1,119,700
Improvement market value
$2,134,100
Total market value
$3,253,800
Applied tax rate
12.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1963
Heating
SPACE
Stories
1
Total area
23,846 SF
Lot
3.88 ac (169,187 SF)
Zoning code
B-3
APN
549588259577-1
UPID
US73-2267073
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
AUTO REPAIR, GARAGE Current
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$5.1M
RESTAURANT
Est. value
$4.6M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
RESTAURANT
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
1963
Heating
SPACE
Stories
1
Lot
3.88 ac
Current owner
From public records · entity-resolved
2350 Lehigh Street Assocs LLC
Entity
Mailing address
2340 LEHIGH ST, ALLENTOWN, PA 18103-4703
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2023
—
2350 Lehigh Street Associates LLC
—
Deed
related
$11,900,000 · Td Bank NA
Feb 26, 2018
—
2350 Lehigh Street Associates
—
Deed
related
$3,350,000 · Td Bk NA
Feb 3, 2016
$4,650,000
2350 Lehigh Street Assocs LLC
Merrill Charles E III
Grant Deed
$3,720,000 · Keybank USA
Apr 10, 2013
—
Charles E Merrill III
—
Deed Of Trust
related
$2,500,000 · Royal Bank America
Apr 5, 2012
—
Charles E Merrill III
Merrill Charles E III
Quit Claim Deed
related
—
Nov 4, 2010
—
Charles E Merrill III
Merrill,charles E III & Patricia A
Quit Claim Deed
related
—
—
—
2350 Lehigh Street Associates
—
Deed Of Trust
related
$3,350,000 · Td Bk NA
—
—
Charles E Merrill III
—
Deed Of Trust
related
$500,000 · East Penn 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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