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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2604 Lehigh St Allentown, PA 18103-4705

    • Retail space
    • 1,680 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2616637
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Playtime Boutique / Adult Entertainment Store

    Property Details for 2604 Lehigh St

    Year built
    1959
    Lot size
    0.52 lot acres
    Property size
    1,680 SF
    Zone code
    B-3
    Property type
    Retail space
    APN
    549577814489-1
    APU
    5495778144891

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4845
    Latitude
    40.5661
    CBSA code
    10900
    CBSA name
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $15,879
    $193,000
    $202,000
    $395,000
    -
    $193,000
    $202,000
    $395,000

    Comparable in this City

    • Value Estimation
      $6,230,000
      39,302 SF

      2919 Lehigh St, Unit 2959

      RETAIL STORES (PERSONAL SERVICES) • 39,302 SF
      2919 Lehigh St, Allentown, PA 18103-7004
      View Details
    • Value Estimation by Request
      2,627 SF

      3145 Lehigh St

      RETAIL STORES (PERSONAL SERVICES) • 2,627 SF
      3145 Lehigh St, Allentown, PA 18103-7033
      View Details
    • Value Estimation
      $695,000
      3,978 SF

      1008 Howard St, Unit 1054

      RETAIL STORES (PERSONAL SERVICES) • 3,978 SF
      1008 Howard St, Allentown, PA 18103-3804
      View Details
    • Value Estimation
      $1,635,000
      36,328 SF

      3300 Lehigh St

      RETAIL STORES (PERSONAL SERVICES) • 36,328 SF
      3300 Lehigh St, Allentown, PA 18103-7041
      View Details
    • Value Estimation
      $555,000
      6,406 SF

      2215 Lehigh St, Unit 2227

      RETAIL STORES (PERSONAL SERVICES) • 6,406 SF
      2215 Lehigh St, Allentown, PA 18103-4757
      View Details
    • Value Estimation by Request
      864 SF

      621 Lynnwood St

      RETAIL STORES (PERSONAL SERVICES) • 864 SF
      621 Lynnwood St, Allentown, PA 18103-5219
      View Details

    Similar Nearby for Sale

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      Allentown Retail Building on Union

      6,200 SF retail building in densely populated Allentown.
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    • $2,750,000
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      Freestanding Retail Building on 1.75 Acres

      Freestanding retail building on 1.75 acres with ample parking.
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      View Details
    • $949,000
      3,898 SF

      Mixed-Use Property on Hamilton Boulevard

      Freestanding mixed-use property suitable for retail, office, or small business.
      3144 Hamilton Boulevard Byp, Allentown, PA 18103
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      Allentown Commercial Corner Lot Property

      Highly visible corner lot in Allentown's B3 Highway Business District.
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      Allentown Multifamily and Storefront Property

      Four-unit building with commercial space in revitalizing Allentown location.
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      Allentown Auto Shop Business - $160K

      Profitable auto repair business for sale.
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    Similar Nearby for Lease

    • $1,500 /Mo

      Allentown Retail Space Opportunity

      Retail space in Allentown, PA, with ventilation cooling.
      1911 S Bradford St, Allentown, PA 18103
      View Details
    • $25 SF/Yr

      Mixed-Use Property with Retail/Office Space

      Freestanding mixed-use property with retail/office space for lease.
      3144 Hamilton Blvd Unit, Allentown, PA 18103
      View Details
    • $24 SF/Yr
      8,320 SF

      Allentown Retail/Office Space Available

      700 SF retail/office space with parking and easy access.
      2000 Oxford Dr, Allentown, PA 18103
      View Details
    • New
      $12 SF/Yr
      562,403 SF

      Retail Space in Allentown Mall

      Retail space available in active Allentown shopping destination.
      3300 Lehigh St, Allentown, PA 18103
      View Details
    • New
      $14 SF/Yr

      Retail Space in Allentown Mall

      Retail spaces available in active Allentown shopping destination.
      3300 Lehigh St, Allentown, PA 18103
      View Details
    • Contact for pricing
      28,500 SF

      Retail Space with Shared Loading

      Retail space available for rent with shared loading area.
      2323 Lehigh St, Allentown, PA 18103
      View Details

    Property Visit Statistics

    • Visits by month
      984
    • Visitors by month
      956
    • Avg Time on site
      334 min
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    2604 Lehigh St
    Allentown, PA 18103-4705
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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