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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Medical Office Space
2900 Hamilton Blvd Allentown, PA 18103-2840
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US73-5855574
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Total area
5,134 SF
Lot
0.49 ac (21,475 SF)
Zoning code
R-H
APN
548683974419-1
UPID
US73-5855574
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
-
Michael Taras, DMD, LLC Dental Office
-
H B Engineers Inc Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$420k
CAP Approach
CAP
$690k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
Taras Office Complex LLC · 19 yrs held
Taras Office Complex LLC
since 2006
4 recorded transactions
Zoning & alternative use
R-H · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide areas of high density appropriate for the development of high rise residential and nonresidential structures with controls necessary for insuring compatible development with other uses permitted in this district
Zone name
High Density Residential
General category
RESIDENTIAL
Zone area
216.53 ac
Source
Realmo
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
$420,000
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$690,000
7%
$640,000
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$112 / 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
$23,961
Tax year 2024
Assessed value
$650,000
Assessed 2024
Previous assessed
$650,000
+0.0% YoY
Effective rate
3.69%
On assessed value
Assessed land
$203,900
Assessed improvement
$446,100
Land market value
$203,900
Improvement market value
$446,100
Total market value
$650,000
Applied tax rate
18.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1985
Heating
YES
Cooling
YES
Stories
2
Total area
5,134 SF
Lot
0.49 ac (21,475 SF)
Zoning code
R-H
APN
548683974419-1
UPID
US73-5855574
Jurisdiction
LEHIGH
Zoning & alternative use
R-H · Allentown, PAZoning R-H · permitted uses
R-H · Allentown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to provide areas of high density appropriate for the development of high rise residential and nonresidential structures with controls necessary for insuring compatible development with other uses permitted in this district
Zone name
High Density Residential
General category
RESIDENTIAL
Zone area
216.53 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1985
Heating
YES
Cooling
Yes
Stories
2
Lot
0.49 ac
Current owner
From public records · entity-resolved
Taras Office Complex LLC
Entity
Mailing address
2900 HAMILTON BLVD, ALLENTOWN, PA 18103-2840
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2022
—
Taras Office Complez LLC
—
Deed
related
$1,328,000 · Truist Bank
Aug 31, 2011
—
Taras Office Complex LLC
—
Deed Of Trust
related
$1,100,000 · Pnc Bank
Oct 16, 2006
$1,200,000
Taras Office Complex LLC
Allentown Teachers Cu
Deed
$960,000 · Wachovia Bank NA
—
—
Taras Office Complex LLC
—
Deed Of Trust
related
$1,400,000 · Embassy Bk/lehigh Vly
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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