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Property profile & analytics
OFF-MARKET
Estimated value
$6,750,000
Assisted living facilities
2902-2934 Mitchell Ave Allentown, PA 18103
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0981450
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1987
Total area
54,693 SF
Lot
2.16 ac (94,307 SF)
Zoning code
B-3
APN
549584754124-1
UPID
US73-0981450
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.75M
Owner & transaction history
Aca Realty LLC · 4 yrs held
Aca Realty LLC
since 2021
Last sale
$6.4M
7 recorded transactions
Zoning & alternative use
B-3 · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.0M
+284.1%
Apartment house (5+ units)
$7.3M
+250.7%
Restaurant
$7.3M
+250.0%
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
$7,075,000
ML approach
$7,115,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,005,000
Change: +284% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,305,000
Change: +251% · Conversion: Difficult
RESTAURANT
$7,295,000
Change: +250% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,410,000
Change: +208% · Conversion: Difficult
OFFICE BUILDING
$5,555,000
Change: +166% · Conversion: Difficult
RETAIL STORES
$5,420,000
Change: +160% · Conversion: Difficult
MEDICAL BUILDING
$4,340,000
Change: +108% · Conversion: Difficult
Blend value · Realmo final
$6.75M
Range $6.08M – $7.43M · ±10% · vs last sale $6.40M (Dec 10 2021)
Last sale anchor
$6.40M
Dec 10 2021
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
$123 / 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
$149,742
Tax year 2024
Assessed value
$4,500,000
Assessed 2024
Previous assessed
$4,500,000
+0.0% YoY
Effective rate
3.33%
On assessed value
Assessed land
$565,900
Assessed improvement
$3,934,100
Land market value
$565,900
Improvement market value
$3,934,100
Total market value
$4,500,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1987
Heating
YES
Cooling
YES
Stories
2
Units
150
Total area
54,693 SF
Lot
2.16 ac (94,307 SF)
Zoning code
B-3
APN
549584754124-1
UPID
US73-0981450
Jurisdiction
LEHIGH
Zoning & alternative use
B-3 · Allentown, PA
Zoning B-3 · permitted uses
B-3 · 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
COMMERCIAL (GENERAL)
Est. value
$8.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.3M
RESTAURANT
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$6.4M
OFFICE BUILDING
Est. value
$5.6M
RETAIL STORES
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$4.3M
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
1987
Heating
YES
Cooling
Yes
Stories
2
Units
150
Lot
2.16 ac
Current owner
From public records · entity-resolved
Aca Realty LLC
Entity
Mailing address
2232 29TH ST SW, ALLENTOWN, PA 18103-7165
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
$6,400,000
Aca Realty LLC
Nader F Hamati
Deed
$15,000,000 · Oxford Finance LLC
Jan 31, 2018
—
Nader F Hamati
—
Deed
related
$1,000,000 · Embassy Bk/lehigh Vly
Oct 2, 2014
—
Nader F Hamati
—
Grant Deed
related
$2,000,000 · Embassy Bk/lehigh Vly
Jul 20, 2011
—
Nader Hamati
—
Deed Of Trust
related
$1,000,000 · Lafayette Ambassador Bank
Oct 5, 2009
—
Nader F Hamati
Gray & Associates LLC
Deed Of Trust
related
$5,455,601 · Lafayette Ambassador Bank
Dec 27, 2006
$5,510,000
Sunrise Ns Mountain View LP
Newseasons Of Emmaus LP
Deed
—
Nov 30, 2006
$5,510,000
Sunrise Ns Mountain View
New Seasons Of Emmaus
Grant Deed
—
—
—
Nader F Hamati
—
Deed Of Trust
related
$8,500,000 · Embassy Bank Lehigh Valley
—
—
Nader F Hamati
—
Loan Modification
related
$1,000,000 · 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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