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Property profile & analytics
OFF-MARKET
Estimated value
$2,365,000
Distribution centers
2834 Mitchell Ave 2868 Allentown, PA 18103-7181
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-2226800
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1969
Total area
30,000 SF
Lot
2.61 ac (113,692 SF)
Zoning code
I-2
APN
549584986912-1
UPID
US73-2226800
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
-
Brisbane Industrial Drive Co Industrial Manufacturer Production Facility
-
Leeson Electric Motors Electrical Service Auto Repair Shop
-
Talon Bearing LLC Auto Parts Store
-
Bearing & Drive Solutions Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.86M
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$2.37M
Owner & transaction history
Quail Creek Associates · 18 yrs held
Quail Creek Associates
since 2007
7 recorded transactions
Zoning & alternative use
I-2 · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.7M
+48.8%
Apartment house (5+ units)
$3.5M
+39.1%
Retail stores
$3.3M
+33.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,090,000
6.5%
$2,855,000
7%
$2,650,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,495,000
Current use
COMMERCIAL (GENERAL)
$3,715,000
Change: +49% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,475,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$3,335,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$2.37M
Range $2.13M – $2.60M · ±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
$79 / 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
$45,711
Tax year 2024
Assessed value
$1,351,400
Assessed 2024
Previous assessed
$1,351,400
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$208,800
Assessed improvement
$1,142,600
Land market value
$208,800
Improvement market value
$1,142,600
Total market value
$1,351,400
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1969
Heating
YES
Cooling
YES
Stories
1
Total area
30,000 SF
Lot
2.61 ac (113,692 SF)
Zoning code
I-2
APN
549584986912-1
UPID
US73-2226800
Jurisdiction
LEHIGH
Zoning & alternative use
I-2 · Allentown, PA
Zoning I-2 · permitted uses
I-2 · 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
WAREHOUSE, STORAGE Current
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
RETAIL STORES
Est. value
$3.3M
WAREHOUSE, STORAGE Current
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
1969
Heating
YES
Cooling
Yes
Stories
1
Lot
2.61 ac
Current owner
From public records · entity-resolved
Quail Creek Associates
Entity
Mailing address
124 UPPR TINICUM CHURCH RD, ERWINNA, PA 18920-9219
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2025
—
Quail Creek Associates LP
—
Deed
related
$750,000 · Univest Bank & Trust Co
Aug 17, 2023
—
Quail Creek Associates LP
—
Deed
related
$128,000 · Univest Bank & Trust Co
Oct 30, 2018
—
Quail Creek Associates LP
—
Deed
related
$1,300,000 · Univest Bk & Tr Co
Oct 23, 2018
—
Quail Creek Associates LP
—
Deed
related
$1,060,000 · Univest Bk & Tr Co
Jan 11, 2017
—
Quail Creek Associates LP
—
Deed
related
$37,055 · Univest Bk & Tr Co
Aug 15, 2007
$1,550,000
Quail Creek Associates
Worley,l P
Grant Deed
—
—
—
Quail Creek Associates LP
—
Deed Of Trust
related
$1,060,000 · Univest Bk & Tr Co
—
—
Quail Creek Associates LP
—
Loan Modification
related
$1,300,000 · Univest Bk & Tr Co
—
—
Quail Creek Associates LP
—
Deed Of Trust
related
$132,290 · Univest Bk & Tr Co
—
—
Quail Creek Associates LP
—
Loan Modification
related
$982,574 · Univest Bk & Tr Co
—
—
Quail Creek Associates LP
—
Deed Of Trust
related
$62,413 · Univest Bk & Tr Co
—
—
Quail Creek Associates LP
—
Deed Of Trust
related
$37,055 · Univest Bk & Tr Co
—
—
Robert C Thayer
—
Deed Of Trust
related
$103,000 · Meridian 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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