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    Property profile & analytics

    34 2nd St, Unit 48 Allentown, PA 18101-1933

    • Grocery and convenience stores
    • 2,588 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimation
    $365,000
    Location Intelligence
    Property ID
    US73-2577538
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Aci Halal Meat & Turkish Restaurant / Mediterranean Restaurant / Turkish Restaurant

    Property Details for 34 2nd St

    Year built
    1970
    Lot size
    0.46 lot acres
    Property size
    2,588 SF
    Zone code
    R-MH
    Property type
    Grocery and convenience stores
    APN
    640742005558-1
    APU
    6407420055581

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $335,000

    • CAP approach

      CAP return
      Estimation
      6%
      $500,000
      6.5%
      $465,000
      7%
      $480,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $485,000
      Geo Method
      $535,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $510,000
      Retail
      $450,000
      Mixed-Use
      $405,000
      Hospitality
      $395,000
      Educational
      $380,000
      Residential Income
      $435,000
      Energy
      $420,000
      Income-Based Land
      $505,000
      Food Service
      $390,000

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4608
    Latitude
    40.6066
    CBSA code
    10900
    CBSA name
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $10,345
    $80,500
    $204,800
    $285,300
    -
    $80,500
    $204,800
    $285,300

    Comparable in this City

    • Value Estimation
      $270,000
      3,840 SF

      42-44 5th St

      CONVENIENCE STORE • 3,840 SF
      42-44 5th St, Allentown, PA 18101
      View Details
    • Value Estimation
      $440,000
      2,576 SF

      102 7th St, Unit 110

      CONVENIENCE STORE • 2,576 SF
      102 7th St, Allentown, PA 18101-1304
      View Details
    • Value Estimation
      $310,000
      6,003 SF

      1031 Hamilton St

      RETAIL STORES (PERSONAL SERVICES) • 6,003 SF
      1031 Hamilton St, Allentown, PA 18101-1012
      View Details
    • Value Estimation
      $290,000
      6,891 SF

      147 7th St

      RETAIL STORES (PERSONAL SERVICES) • 6,891 SF
      147 7th St, Allentown, PA 18101-1331
      View Details
    • Value Estimation
      $340,000
      17,650 SF

      146-148 7th St

      RETAIL STORES (PERSONAL SERVICES) • 17,650 SF
      146-148 7th St, Allentown, PA 18101
      View Details
    • Value Estimation
      $625,000
      11,158 SF

      915-919 Hamilton St

      RETAIL STORES (PERSONAL SERVICES) • 11,158 SF
      915-919 Hamilton St, Allentown, PA 18101
      View Details

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    Similar Nearby for Lease

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      Retail Space in Bustling Location

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      Affordable Office Space in Allentown

      Flexible, affordable office space with shared amenities in downtown Allentown.
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    • $1,500 /Mo

      Downtown Allentown Office Space Available

      Affordable, flexible office spaces in revitalized downtown Allentown.
      931 W Hamilton St Unit, Allentown, PA 18101
      View Details

    Property Visit Statistics

    • Visits by month
      13.9k
    • Visitors by month
      9.0k
    • Avg Time on site
      12 min
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    Allentown, PA 18101-1933
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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