Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2844 Pike Ave Allentown, PA 18103-7631

    • Warehouses
    • 2,388 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-5891227
    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

    • City Line Construction Fire & Water / Construction Company / General Contractor

    Property Details for 2844 Pike Ave

    Year built
    1996
    Lot size
    0.71 lot acres
    Property size
    2,388 SF
    Zone code
    C2
    Property type
    Warehouses
    APN
    640577385671-1
    APU
    6405773856711

    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
    -75.4502
    Latitude
    40.5673
    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
    $6,851
    $138,600
    $89,100
    $227,700
    -
    $138,600
    $89,100
    $227,700

    Comparable in this City

    • Value Estimation by Request
      79,465 SF

      1210 Sesqui St

      Distribution properties • 79,465 SF
      1210 Sesqui St, Allentown, PA 18103
      View Details
    • Value Estimation by Request
      5,220 SF

      956-960 Wyoming St

      WAREHOUSE, STORAGE • 5,220 SF
      956-960 Wyoming St, Allentown, PA 18103
      View Details
    • Value Estimation by Request
      0.23 Acres

      2744 12th 28th SW St

      BULK STORAGE, TANKS • 0.23 Acres
      2744 12th 28th SW St, Allentown, PA 18103
      View Details
    • Value Estimation
      $1,500,000
      3,840 SF

      670 Cedar Crst Blvd

      WAREHOUSE, STORAGE • 3,840 SF
      670 Cedar Crst Blvd, Allentown, PA 18103-3612
      View Details
    • Value Estimation
      $615,000
      8,556 SF

      2069 28th SW St

      WAREHOUSE, STORAGE • 8,556 SF
      2069 28th SW St, Allentown, PA 18103-7084
      View Details
    • Value Estimation by Request
      0.18 Acres

      918 4th St, Unit 924

      STORAGE YARD (JUNK, SALVAGE) • 0.18 Acres
      918 4th St, Allentown, PA 18103-3329
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      175,000 SF

      2200 S 12th St, Allentown, PA 18103

      Distribution centers • 175,000 SF
      2200 S 12Th St, Allentown, PA 18103
      View Details
    • Contact for pricing
      11,750 SF

      Allentown Warehouse with Drive-Ins

      11,750 SF warehouse with six drive-in doors.
      1810 E Race St, Allentown, PA 18103
      View Details
    • $435,000
      0.04 Acres

      Allentown Investment Property: Three Units

      Fully occupied triplex in Allentown with staggered lease expirations.
      139 N 5Th St, Allentown, PA 18103
      View Details
    • $2,750,000
      8,131 SF

      Freestanding Retail Building on 1.75 Acres

      Freestanding retail building on 1.75 acres with ample parking.
      3750 Hamilton Blvd, Allentown, PA 18103
      View Details
    • $899,000
      3,898 SF

      Mixed-Use Property For Sale

      Income-producing mixed-use property suitable for retail, office, or residential use.
      3144 Hamilton Boulevard Byp, Allentown, PA 18103
      View Details
    • $450,000

      Allentown Commercial Property on Corner Lot

      Highly visible corner lot in Allentown's B3 Highway Business District.
      419 W Emaus Ave, Allentown, PA 18103
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      146,000 SF

      Allentown Warehouse Space Available

      146,000 square foot warehouse space for lease in Allentown.
      1024 N Bradford St, Allentown, PA 18103
      View Details
    • Contact for pricing

      Allentown Warehouse and Manufacturing Spaces

      Multiple warehouse, showroom, and manufacturing spaces available for lease.
      1801 S 12Th St, Allentown, PA 18103
      View Details
    • Contact for pricing

      Allentown Warehouse Space for Lease

      Updated warehouse space available for immediate occupancy in Allentown.
      2323 26Th St SW, Allentown, PA 18103
      View Details
    • Contact for pricing
      140,755 SF

      Allentown Industrial Property with Storage

      Industrial property in Allentown featuring outdoor storage and 140,755 SF.
      611 S Albert St, Allentown, PA 18103
      View Details
    • $950 /Mo

      Affordable Commercial Space in Allentown

      High-traffic location, off-street parking, suitable for small office.
      1005 S Cedar Crest Blvd, Allentown, PA 18103
      View Details
    • $14 SF/Yr

      Retail Space in Parkway Center

      Retail space available in well-established Allentown shopping center.
      1471 Lehigh St, Allentown, PA 18103
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2844 Pike Ave
    Allentown, PA 18103-7631
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!