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Property profile & analytics
OFF-MARKET
Estimated value
$1,910,000
Office buildings
457 Allen St Allentown, PA 18102-2457
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-2246231
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1903
Total area
20,422 SF
Lot
0.44 ac (19,263 SF)
Zoning code
R-MH
APN
640703996377-1
UPID
US73-2246231
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
-
The Lehigh Conference of Churches Social Service Agency Charitable Organization
-
Dubbs Memorial Community Center Community Center
-
Daybreak Charitable Organization Social Service Agency
-
The Lehigh Conference Of Churches - Conference Kitchen - Soup Kitchen Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.82M
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$1.91M
Owner & transaction history
Lehigh Conference Of Churches · 10 yrs held
Lehigh Conference Of Churches
since 2015
7 recorded transactions
Zoning & alternative use
R-MH · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.3M
+8.1%
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%
$1,970,000
6.5%
$1,820,000
7%
$1,690,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,150,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,325,000
Change: +8% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,070,000
Change: -4% · Conversion: Easy
RETAIL STORES
$1,945,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$1.91M
Range $1.72M – $2.10M · ±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
$94 / 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
Assessed value
$1,443,300
Assessed 2024
Previous assessed
$1,443,300
+0.0% YoY
Assessed land
$77,100
Assessed improvement
$1,366,200
Land market value
$77,100
Improvement market value
$1,366,200
Total market value
$1,443,300
Applied tax rate
10.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1903
Heating
YES
Cooling
YES
Stories
2
Total area
20,422 SF
Lot
0.44 ac (19,263 SF)
Zoning code
R-MH
APN
640703996377-1
UPID
US73-2246231
Jurisdiction
LEHIGH
Zoning & alternative use
R-MH · Allentown, PA
Zoning R-MH · permitted uses
R-MH · 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
OFFICE BUILDING Current
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES
Est. value
$1.9M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RETAIL STORES
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
1903
Heating
YES
Cooling
Yes
Stories
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
Lehigh Conference Of Churches
Individual
Mailing address
534 CHEW ST, ALLENTOWN, PA 18102-3338
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2022
—
The Lehigh Conference Of Churches
—
Deed
related
$890,000 · Truist Bank
Apr 7, 2020
—
Lehigh Conference Of Churches
—
Deed
related
$300,000 · Truist Bk
Sep 26, 2018
—
Lehigh Conference Of Churches
—
Deed
related
$855,000 · Branch Banking & Tr Co
Jul 14, 2016
—
Lehigh Conference Of Churches
—
Deed
related
$730,000 · Branch Bk&tr
Sep 9, 2015
$300,000
Lehigh Conference Of Churches
Dubbs Mem United Ch Of Christ
Grant Deed
$240,000 · Private Individual
—
—
Lehigh Conference Of Churches
—
Deed Of Trust
related
$730,000 · Branch Bk&tr
—
—
Lehigh Conference Of Churches
—
Deed Of Trust
related
$300,000 · Truist Bk
—
—
Lehigh Conference Of Churches
—
Deed Of Trust
related
$855,000 · Branch Banking & Tr Co
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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