Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3421 Lehigh St Allentown, PA 18103

    • Strip malls
    • 15,481 SF
    • 1.25 lot acres
    OFF-MARKET
    Last Sale
    Jan 27, 2023
    $3,600,000
    Value Estimations
    $3,440,000
    Show details
    Cap Rate Potential
    6.1%
    Strip malls
    Location Intelligence
    Property ID
    US73-3951141
    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

    • Strip malls

    Property Details for 3421 Lehigh St

    Year built
    1970
    Lot size
    1.25 lot acres
    Property size
    15,481 SF
    Zone code
    C3
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    549562321572-1
    APU
    5495623215721

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,495,000
      ML approach
      $3,485,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,550,000
      6.5%
      $3,275,000
      7%
      $3,040,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,265,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4904
    Latitude
    40.5528
    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
    $38,130
    $485,000
    $782,200
    $1,267,200
    -
    $485,000
    $782,200
    $1,267,200

    Comparable in this City

    • Value Estimation
      $660,000
      22,668 SF

      1841 4th St, Unit 1859

      SHOPPING CENTER, STRIP CENTER • 22,668 SF
      1841 4th St, Allentown, PA 18103-4967
      View Details
    • Value Estimation
      $990,000
      54,204 SF

      3900 Hamilton Blvd

      SHOPPING CENTER, STRIP CENTER • 54,204 SF
      3900 Hamilton Blvd, Allentown, PA 18103-6122
      View Details
    • Value Estimation by Request
      109,667 SF

      3227 Hamilton Blvd, Unit 3339

      SHOPPING CENTER, STRIP CENTER • 109,667 SF
      3227 Hamilton Blvd, Allentown, PA 18103-4534
      View Details
    • Value Estimation
      $1,395,000
      71,170 SF

      1471 Lehigh St, Unit 1523

      SHOPPING CENTER, STRIP CENTER • 71,170 SF
      1471 Lehigh St, Allentown, PA 18103-3811
      View Details
    • Value Estimation
      $5,275,000
      116,502 SF

      1901 12th St

      SHOPPING CENTER, STRIP CENTER • 116,502 SF
      1901 12th St, Allentown, PA 18103-4777
      View Details
    • Value Estimation
      $935,000
      87,570 SF

      1604 4th St, Unit 1734

      SHOPPING CENTER, STRIP CENTER • 87,570 SF
      1604 4th St, Allentown, PA 18103-4922
      View Details

    Similar Nearby for Sale

    • $950,000
      6,200 SF

      Allentown Retail Building on Union

      6,200 SF retail building in densely populated Allentown.
      2301 Union Blvd, Allentown, PA 18103
      View Details
    • $160,000
      3,773 SF

      Allentown Auto Shop Business - $160K

      Profitable auto repair business for sale.
      2920 Emaus Ave, Allentown, PA 18103
      View Details
    • $850,000
      2,910 SF

      Allentown Auto Shop - High Yield

      Turnkey auto shop; strong cash flow.
      1001-1015 5Th St, Allentown, PA 18103
      View Details
    • $2,750,000
      8,131 SF

      Freestanding Retail Building on 1.75 Acres

      Freestanding retail building on 1.75 acres with ample parking.
      3750 Hamilton Blvd, Allentown, PA 18103
      View Details
    • $575,000

      Allentown Commercial Corner Lot Property

      Highly visible corner lot in Allentown's B3 Highway Business District.
      419 W Emaus Ave, Allentown, PA 18103
      View Details
    • $499,900
      2,912 SF

      Allentown Multifamily and Storefront Property

      Four-unit building with commercial space in revitalizing Allentown location.
      101 W Susquehanna St, Allentown, PA 18103
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      405,290 SF

      Allentown Retail & Office Space

      South Mall: Prime Allentown location.
      3300 Lehigh St, Allentown, PA 18103
      View Details
    • $12 SF/Yr

      Retail Space in Allentown Mall

      Retail space available in active Allentown shopping destination.
      3300 Lehigh St, Allentown, PA 18103
      View Details
    • $20 SF/Yr
      562,403 SF

      Allentown Retail Space For Lease

      Retail space available in active Allentown shopping destination.
      3300 Lehigh St, Allentown, PA 18103
      View Details
    • $12 SF/Yr

      Retail Space in South Mall

      Retail space available in Allentown's South Mall, near major routes.
      Spc-528-3300 Lehigh St, Allentown, PA 18103
      View Details
    • $14 SF/Yr

      Retail Space in Allentown Mall

      Retail spaces available in active Allentown shopping destination.
      3300 Lehigh St, Allentown, PA 18103
      View Details
    • $12 SF/Yr
      562,403 SF

      Retail Space in Allentown Mall

      Retail space available in active Allentown shopping destination.
      3300 Lehigh St, Allentown, PA 18103
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3421 Lehigh St
    Allentown, PA 18103
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.