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    Property profile & analytics

    2820 Mitchell Ave Allentown, PA 18103

    • Office buildings
    • 15,760 SF
    • 1.06 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Value Estimation
    $610,000
    Location Intelligence
    Property ID
    US73-2826397
    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

    • Bollu Ravindra MD / Nephrologist / Doctor
    • Pristine Custom Wood Furniture / Furniture Maker
    • Fresenius Kidney Care South Allentown / Dialysis Center

    Property Details for 2820 Mitchell Ave

    Year built
    1979
    Lot size
    1.06 lot acres
    Property size
    15,760 SF
    Zone code
    I-2
    Property type
    Office buildings
    APN
    549595014442-1
    APU
    5495950144421

    Description

    This exceptional 15,760-square-foot industrial property, located at 2820 Mitchell Avenue in Allentown, Pennsylvania, presents a unique opportunity. The building, constructed in 1979 and renovated in 2014, is classified as Class C and sits on a 1.059-acre lot. Currently, 7,840 square feet of space is available for lease. The property is zoned I-2 Industrial Classification and features multiple tenants. The available space is a front unit, and the owner is not able to subdivide it. It is divided into two sections and is offered at a net rate of $10.95 per square foot. The property boasts convenient features including three loading doors and a robust power supply of 3-phase, 120-240 volt, 400 amp service. The property's Lehigh County location (APN: 549595014442-001) offers excellent access to transportation networks and a thriving industrial sector. This versatile space is suitable for various uses, including manufacturing, warehousing, medical office, flex space, and R&D. The property is not for sale. This is an ideal opportunity for businesses seeking a well-maintained, functional space in a prime Allentown location. Inquire today to learn more about this exceptional leasing opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $580,000

    • CAP approach

      CAP return
      Estimation
      6%
      $780,000
      6.5%
      $765,000
      7%
      $790,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $625,000
      Geo Method
      $620,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $760,000
      Retail
      $635,000
      Mixed-Use
      $725,000
      Hospitality
      $695,000
      Educational
      $805,000
      Residential Income
      $790,000
      Energy
      $665,000
      Income-Based Land
      $690,000
      Food Service
      $800,000

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4804
    Latitude
    40.5605
    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
    $33,736
    $84,800
    $955,400
    $1,040,200
    -
    $84,800
    $955,400
    $1,040,200

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    • Value Estimation
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    2820 Mitchell Ave
    Allentown, PA 18103
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    Realmo Value Estimation

    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.

    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.

    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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