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Property profile & analytics
FOR LEASE
Strip malls
3227 Hamilton Blvd Allentown, PA 18104
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-1680446
For Lease
$17,000,000
3227 Hamilton Blvd, Allentown, PA 18104
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1961
Total area
109,667 SF
Lot
8.45 ac (368,126 SF)
Zoning code
HC
APN
548661573381-1
UPID
US73-1680446
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
by Request
CAP Approach
CAP
$23.20M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.00M
Owner & transaction history
Dorneyville Plaza LLC · 2 yrs held
Dorneyville Plaza LLC
since 2023
Last sale
$17.8M
7 recorded transactions
Zoning & alternative use
HC · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$16.1M
+315.6%
Apartment house (5+ units)
$14.7M
+279.4%
Restaurant
$14.6M
+278.7%
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
$17,280,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$25,135,000
6.5%
$23,200,000
7%
$21,545,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$16,050,000
Change: +316% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$14,650,000
Change: +279% · Conversion: Difficult
RESTAURANT
$14,625,000
Change: +279% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,855,000
Change: +233% · Conversion: Difficult
OFFICE BUILDING
$11,135,000
Change: +188% · Conversion: Moderate
RETAIL STORES
$10,870,000
Change: +181% · Conversion: Easy
Blend value · Realmo final
$17.00M
Range $15.30M – $18.70M · ±10% · vs last sale $17.80M (Oct 31 2023)
Last sale anchor
$17.80M
Oct 31 2023
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
$155 / 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
$201,769
Tax year 2024
Assessed value
$8,586,000
Assessed 2024
Previous assessed
$11,244,800
-23.6% YoY
Effective rate
2.35%
On assessed value
Assessed land
$3,567,100
Assessed improvement
$5,018,900
Land market value
$3,567,100
Improvement market value
$5,018,900
Total market value
$8,586,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1961
Heating
YES
Cooling
YES
Stories
1
Total area
109,667 SF
Lot
8.45 ac (368,126 SF)
Zoning code
HC
APN
548661573381-1
UPID
US73-1680446
Jurisdiction
LEHIGH
Zoning & alternative use
HC · Allentown, PA
Zoning HC · permitted uses
HC · 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
$16.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.7M
RESTAURANT
Est. value
$14.6M
AUTO REPAIR, GARAGE
Est. value
$12.9M
OFFICE BUILDING
Est. value
$11.1M
RETAIL STORES
Est. value
$10.9M
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1961
Heating
YES
Cooling
Yes
Stories
1
Lot
8.45 ac
Current owner
From public records · entity-resolved
Dorneyville Plaza LLC
Entity
Mailing address
4950 DUNHAM DR, READING, PA 19606-9091
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
$17,800,000
Dorneyville Plaza LLC
Shree Mata 4365 LLC
Deed
$12,000,000 · Tompkins Trust Co
Oct 20, 2023
—
Aldi INC
Shree Mata 4365 LLC
Lease
—
Apr 24, 2017
—
Shree Mata 4365 LLC
—
Deed
related
$10,600,000 · New Tripoli Bk
Jan 31, 2012
$16,000,000
Shree Mata 4365 LLC
Dorneyville Shopping Center Ll
Grant Deed
$11,175 · Wells Fargo Bk #2007-iq15 (ce)
Jun 8, 2007
$14,300,000
Dorneyville Shopping Center L
Pavel,michael & Margaret
Grant Deed
—
May 5, 2004
—
Michael Pavel
—
Deed Of Trust
related
$5,750,000 · Patriot Bank NA
—
—
Keystone Pizza Partners LLC
—
Deed Of Trust
related
$413,750 · Yum! Capital Funding Corp
—
—
Shree Mata 4365 LLC
—
Deed Of Trust
related
$10,600,000 · New Tripoli Bk
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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