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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Drive through restaurants
3380 Lehigh St Allentown, PA 18103-7037
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US73-0413504
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2023
Total area
2,820 SF
Lot
0.83 ac (36,024 SF)
Zoning code
C3
APN
549562297243-1
UPID
US73-0413504
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
-
Taco Bell Restaurant
-
Pizza Hut Express Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$759k
Blend (final)
Blend
$555k
Owner & transaction history
3380 Lehigh Street Associates · 25 yrs held
3380 Lehigh Street Associates
since 2001
7 recorded transactions
Zoning & alternative use
C3 · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$605,000
+10.4%
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
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$545,000
Current use
MEDICAL BUILDING
$605,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$535,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$197 / 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
$27,207
Tax year 2024
Assessed value
$904,200
Assessed 2024
Previous assessed
$870,500
+3.9% YoY
Effective rate
3.01%
On assessed value
Assessed land
$342,400
Assessed improvement
$561,800
Land market value
$342,400
Improvement market value
$561,800
Total market value
$904,200
Applied tax rate
4.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2023
Heating
YES
Cooling
YES
Stories
1
Total area
2,820 SF
Lot
0.83 ac (36,024 SF)
Zoning code
C3
APN
549562297243-1
UPID
US73-0413504
Jurisdiction
LEHIGH
Zoning & alternative use
C3 · Allentown, PA
Zoning C3 · permitted uses
C3 · 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 Current
Est. value
$545,000
MEDICAL BUILDING
Est. value
$605,000
AUTO REPAIR, GARAGE
Est. value
$535,000
RESTAURANT Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2023
Heating
YES
Cooling
Yes
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
3380 Lehigh Street Associates
Entity
Mailing address
3120 TROON DR, CENTER VALLEY, PA 18034-8955
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2021
—
Oak Restaurants LLC
—
Deed
related
$102,200,000 · Citizens Bank NA
Nov 1, 2019
—
Oak Restaurants LLC
—
Loan Modification
related
$96,508,852 · Citizens Bk NA
Oct 5, 2018
—
Oak Restaurants LP
—
Loan Modification
related
$42,391,269 · Citizens Bk NA
Sep 29, 2016
—
Oak Restaurants LP
—
Deed
related
$57,000,000 · Citizens Bk
Dec 7, 2012
—
Oak Restaurants LP
—
Deed Of Trust
related
$40,000,000 · Rbs Citizens Bank NA
Jan 17, 2001
$750,000
3380 Lehigh Street Associates
Caswell,larry B
Grant Deed
$590,000 · American Bank
—
—
3380 Lehigh Street Associates
—
Loan Modification
related
$750,000 · American Bk
—
—
Larry B Caswell
—
Deed Of Trust
related
$322,269 · First Union National Bank
—
—
3380 Lehigh Street Associates
—
Deed Of Trust
related
$355,267 · American Bank
—
—
Oak Restaurants LP
—
Loan Modification
related
—
—
—
Oak Restaurants LP
—
Loan Modification
related
$57,000,000 · Citizens Bk
—
—
3380 Lehigh Street Associates
—
Deed Of Trust
related
$750,000 · American Bk/bradenton
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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