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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Turn key restaurants
3501 Broadway Allentown, PA 18104-5930
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-2458454
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1922
Construction
TYPE NOT SPECIFIED
Total area
5,515 SF
Lot
1.15 ac (50,007 SF)
Zoning code
R-4
APN
548654044587-1
UPID
US73-2458454
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
-
Grille 3501 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$732k
Blend (final)
Blend
$795k
Owner & transaction history
Me & Aj INC · 3 yrs held
Me & Aj INC
since 2023
7 recorded transactions
Zoning & alternative use
R-4 · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,070,000
Current use
MEDICAL BUILDING
$1,180,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,050,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$980,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$144 / 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
$21,636
Tax year 2024
Assessed value
$920,700
Assessed 2024
Previous assessed
$920,700
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$270,000
Assessed improvement
$650,700
Land market value
$270,000
Improvement market value
$650,700
Total market value
$920,700
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1922
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
2
Rooms
8
Bathrooms
4
Total area
5,515 SF
Lot
1.15 ac (50,007 SF)
Zoning code
R-4
APN
548654044587-1
UPID
US73-2458454
Jurisdiction
LEHIGH
Zoning & alternative use
R-4 · Allentown, PA
Zoning R-4 · permitted uses
R-4 · 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
$1.1M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$980,000
RESTAURANT Current
MEDICAL BUILDING
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
1922
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Rooms
8
Bathrooms
4
Lot
1.15 ac
Current owner
From public records · entity-resolved
Me & Aj INC
Entity
Mailing address
3501 BROADWAY, ALLENTOWN, PA 18104-5930
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2023
—
Me & Aj INC
—
Deed
related
$1,650,000 · First Bank
Jun 20, 2018
—
Grille 3502 LLC
—
Deed
related
$2,050,000 · Santander Bk NA
Jun 13, 2011
—
Me & Aj INC
—
Deed Of Trust
related
$1,050,000 · Sovereign Bank
—
—
Me & Aj INC
—
Deed Of Trust
related
$1,105,000 · Santander Bank NA
—
—
Me & Aj INC
—
Deed Of Trust
related
$1,150,000 · Sovereign Bank
—
—
Me & Aj INC
—
Deed Of Trust
related
$800,000 · Commerce Bank Central NA
—
—
Me & Aj INC
—
Deed Of Trust
related
$149,000 · Patriot Bank NA
—
—
Me & Aj INC
—
Deed Of Trust
related
$77,000 · Patriot Bank NA
—
—
Me & Aj INC
—
Deed Of Trust
related
$201,000 · Patriot Bank NA
—
—
Grille 3502 LLC
—
Deed Of Trust
related
$2,050,000 · Santander Bk NA
—
—
Me & Aj INC
—
Deed Of Trust
related
$25,000 · Sovereign Bank
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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