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Financial
Distress signals
Property profile

2843 Mitchell Ave Allentown, PA 18103

FOR LEASE
Industrial land
Property ID
US73-2106645
6.88 ac lot
Last sale Jan 2018 · $965,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This Class A, 70,000-square-foot industrial building in Allentown, Pennsylvania, offers flexible space ideal for manufacturing, warehousing, or distribution. Currently under construction with an anticipated Q4 2024 completion, this new facility boasts 40,000 square feet of immediately available space, divisible to 20,000 square feet. The building features impressive 35-foot ceilings, heavy power, and a fully sprinklered system. Loading capabilities include six dock-high doors and twelve…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$28k
Tax billed · 2024
Assessed value$551k
Assessed land$551k
Effective rate5.00%

Value estimate

· Oct 2026
$405k
$365k – $446k
AI approach$405k
NOI build-up
Gross scheduled income$308k
Vacancy & credit loss−$18k
Operating expenses−$87k
NOI · 1,620,256.00% cap applied$203k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$75/SF
Submarket average, outlier-cleaned · 57 recorded sales of this use type
Observed band · Q1–Q3$37 – $118

Cap rate analysis

How does the asset earn?
1,620,256.00%
$203k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
I-2
The purpose of this district is to provide for a range of lighter industries and related businesses in a manner that is compatible with a...
General categoryINDUSTRIAL
JurisdictionLEHIGH

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency29.2
Law Firm22.6
Building Supply14.8

Location

2843 Mitchell Ave Allentown, PA 18103
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 15 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
520-602 Cumberland, Allentown, PA 18103 $1,250,000 Oct 2023 112,444 SF
402 Basin, Allentown, PA 18103 $150,000 Jun 2022 No data
1204-1206 4th, Allentown, PA 18103 $600,000 Jan 2022 No data
412 Lehigh, Allentown, PA 18103-3223 $45,000 Jun 2019 17,660 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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