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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Office buildings
2402-2406 Sunshine Rd Allentown, PA 18103
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-1028220
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Total area
5,600 SF
Lot
0.37 ac (16,044 SF)
Zoning code
B-3
APN
549588505600-1
UPID
US73-1028220
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
$755k
CAP Approach
CAP
$500k
Comparable Approach
Comparable
$728k
Blend (final)
Blend
$670k
Owner & transaction history
Haldeman Realty Investors LP · 4 yrs held
Haldeman Realty Investors LP
since 2022
Last sale
$655,000
4 recorded transactions
Zoning & alternative use
B-3 · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+43.3%
Auto repair, garage
$1.1M
+40.4%
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
$690,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
$540,000
6.5%
$500,000
7%
$465,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$760,000
Current use
RESTAURANT
$1,085,000
Change: +43% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,065,000
Change: +40% · Conversion: Difficult
COMMERCIAL (GENERAL)
$695,000
Change: -9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$650,000
Change: -14% · Conversion: Easy
RETAIL STORES
$620,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $655k (Mar 17 2022)
Last sale anchor
$655k
Mar 17 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
$120 / 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
$20,379
Tax year 2024
Assessed value
$575,600
Assessed 2024
Previous assessed
$575,600
+0.0% YoY
Effective rate
3.54%
On assessed value
Assessed land
$136,600
Assessed improvement
$439,000
Land market value
$136,600
Improvement market value
$439,000
Total market value
$575,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1968
Heating
YES
Cooling
YES
Stories
1
Total area
5,600 SF
Lot
0.37 ac (16,044 SF)
Zoning code
B-3
APN
549588505600-1
UPID
US73-1028220
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
OFFICE BUILDING Current
Est. value
$760,000
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$695,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$650,000
RETAIL STORES
Est. value
$620,000
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1968
Heating
YES
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Haldeman Realty Investors LP
Entity
Mailing address
2040 TURNBERRY CT, CENTER VALLEY, PA 18034-8930
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2022
$655,000
Haldeman Realty Investors LP
Firely Enterprises LLC
Deed
—
Jan 26, 2007
$600,000
Firely Ents LLC
Mctish,matthew P
Grant Deed
$480,000 · Commerce Bank NA
—
—
Firely Ents LLC
—
Deed Of Trust
related
$409,000 · M & T Bank
—
—
Firely Ents LLC
—
Deed Of Trust
related
$450,000 · American Heritage FCU
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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