Property profile

45 Penn Ave Alburtis, PA 18011

OFF-MARKET
Warehouses
Property ID
US73-2880724
11,200 SF 1.32 ac lot
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Total area 11,200 SF
Lot 1.32 ac (57,499 SF)
Zoning code L-1
APN 546346674376-1
UPID US73-2880724

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center

Location

45 Penn Ave Alburtis, PA 18011-5021
Alburtis metro Census 6302 ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.10M
Blend (final) Blend
$390k

Owner & transaction history

since 2015
2 recorded transactions
2015
$499,550
2010
$380,000

Zoning & alternative use

L-1 · Alburtis, PA
Zoning description

The purpose of this District is to provide for desirable locations for modern industrial uses that are harmonious with surrounding uses. Performance and development standards will ensure industrial areas that are desirab…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $1.5M +40.4%
Retail stores $1.4M +27.7%
Apartment house (5+ units) $1.3M +21.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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