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Property profile & analytics
OFF-MARKET
Estimated value
$6,675,000
Medical Office Space
322 17th St 412 Allentown, PA 18104-5013
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US73-2112444
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Total area
55,980 SF
Lot
1.47 ac (63,990 SF)
Zoning code
I-G
APN
549740516103-1
UPID
US73-2112444
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
-
shakeir Book Store (Bike/Boat/Book/etc) Store
-
Ann M Freeman, DO Physician
-
David J Hanes, MD Physician
-
C W Riedel, DO Physician
-
St. Luke's Valley GYN Associates - Allentown Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.54M
Comparable Approach
Comparable
$7.04M
Blend (final)
Blend
$6.68M
Owner & transaction history
Fairgrounds Medical Center Ass
Fairgrounds Medical Center Ass
1 recorded transaction
Zoning & alternative use
I-G · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$8,165,000
6.5%
$7,535,000
7%
$7,000,000
Alternative Use
Use
Estimation
RESTAURANT
$10,855,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,640,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$9,930,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$6.68M
Range $6.01M – $7.34M · ±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
$119 / 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
$249,845
Tax year 2024
Assessed value
$7,894,100
Assessed 2024
Previous assessed
$7,894,100
+0.0% YoY
Effective rate
3.16%
On assessed value
Assessed land
$320,000
Assessed improvement
$7,574,100
Land market value
$320,000
Improvement market value
$7,574,100
Total market value
$7,894,100
Applied tax rate
11.0000
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
1989
Heating
YES
Cooling
YES
Buildings
2
Stories
3
Total area
55,980 SF
Lot
1.47 ac (63,990 SF)
Zoning code
I-G
APN
549740516103-1
UPID
US73-2112444
Jurisdiction
LEHIGH
Zoning & alternative use
I-G · Allentown, PA
Zoning I-G · permitted uses
I-G · 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
RESTAURANT
Est. value
$10.9M
AUTO REPAIR, GARAGE
Est. value
$10.6M
OFFICE BUILDING
Est. value
$9.9M
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE 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
1989
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Lot
1.47 ac
Current owner
From public records · entity-resolved
Fairgrounds Medical Center Ass
Individual
Mailing address
645 HAMILTON ST STE #204, ALLENTOWN, PA 18101-2109
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Fairgrounds Medical Center Ass
—
Deed Of Trust
related
$3,500,000 · 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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