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Property profile & analytics
OFF-MARKET
Estimated value
$7,690,000
Manufacturing properties
2571 Mitchell Ave Allentown, PA 18103-6609
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-3359674
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1974
Total area
64,379 SF
Lot
4.68 ac (203,687 SF)
Zoning code
I-3
APN
549598139228-1
UPID
US73-3359674
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
-
Alleguard - Allentown Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.70M
Blend (final)
Blend
$7.69M
Owner & transaction history
Insulation Company Of America LLC · 2 yrs held
Insulation Company Of America LLC
since 2023
Last sale
$7.8M
6 recorded transactions
Zoning & alternative use
I-3 · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.5M
+157.2%
Auto repair, garage
$12.2M
+152.0%
Office building
$8.7M
+79.5%
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
$7,570,000
ML approach
$7,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,855,000
Current use
RESTAURANT
$12,485,000
Change: +157% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,235,000
Change: +152% · Conversion: Easy
OFFICE BUILDING
$8,715,000
Change: +79% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,970,000
Change: +64% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,455,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$7,155,000
Change: +47% · Conversion: Moderate
Blend value · Realmo final
$7.69M
Range $6.92M – $8.46M · ±10% · vs last sale $7.80M (Oct 13 2023)
Last sale anchor
$7.80M
Oct 13 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
$119 / 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
$90,943
Tax year 2024
Assessed value
$2,714,500
Assessed 2024
Previous assessed
$2,714,500
+0.0% YoY
Effective rate
3.35%
On assessed value
Assessed land
$373,600
Assessed improvement
$2,340,900
Land market value
$373,600
Improvement market value
$2,340,900
Total market value
$2,714,500
Applied tax rate
19.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1974
Heating
FORCED AIR
Stories
1
Total area
64,379 SF
Lot
4.68 ac (203,687 SF)
Zoning code
I-3
APN
549598139228-1
UPID
US73-3359674
Jurisdiction
LEHIGH
Zoning & alternative use
I-3 · Allentown, PA
Zoning I-3 · permitted uses
I-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
INDUSTRIAL (GENERAL) Current
Est. value
$4.9M
RESTAURANT
Est. value
$12.5M
AUTO REPAIR, GARAGE
Est. value
$12.2M
OFFICE BUILDING
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$8.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.5M
RETAIL STORES
Est. value
$7.2M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1974
Heating
FORCED AIR
Stories
1
Lot
4.68 ac
Current owner
From public records · entity-resolved
Insulation Company Of America LLC
Entity
Mailing address
1521 WESTBRANCH DR STE #100, MC LEAN, VA 22102-3211
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2023
—
Insulation Company Of America LLC
Paabe101 Good 2571 Mitchell Avenue
Lease
—
Oct 13, 2023
$7,800,000
Paabe101 Good 2571 Mitchell Avenue
Northern Lehigh Erectors LLC
Deed
—
—
—
Northern Lehigh Erectors Corp
—
Deed Of Trust
related
$1,480,000 · Lafayette Ambassador Bk
—
—
Northern Lehigh Erectors Corp
—
Deed Of Trust
related
$593,000 · Lafayette Ambassador Bank
—
—
Northern Lehigh Erectors Corp
—
Deed Of Trust
related
$250,000 · Lafayette Ambassador Bank
—
—
Northern Lehigh Erectors Corp
—
Deed Of Trust
related
$1,365,451 · Lafayette Ambassador 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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