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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Investment properties
463-465 Washington St, Allentown, PA 18102
Individually Owned
2-yr Hold
Free & Clear
Property ID
US73-1745167
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
TYPE NOT SPECIFIED
Total area
6,223 SF
Lot
0.09 ac (3,720 SF)
Zoning code
R-MH
APN
640704592589-1
UPID
US73-1745167
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$513k
Blend (final)
Blend
$570k
Owner & transaction history
Luis Antonio Martinez · 2 yrs held
Luis Antonio Martinez
since 2024
6 recorded transactions
Zoning & alternative use
R-MH · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$710,000
+12.4%
Office building
$655,000
+4.0%
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
COMMERCIAL (GENERAL)
$630,000
Current use
APARTMENT HOUSE (5+ UNITS)
$710,000
Change: +12% · Conversion: Moderate
OFFICE BUILDING
$655,000
Change: +4% · Conversion: Easy
RETAIL STORES
$590,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$92 / 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
$6,620
Tax year 2024
Assessed value
$205,200
Assessed 2024
Previous assessed
$205,200
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$14,900
Assessed improvement
$190,300
Land market value
$14,900
Improvement market value
$190,300
Total market value
$205,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
TYPE NOT SPECIFIED
Heating
BASEBOARD
Stories
3
Units
3
Rooms
13
Bathrooms
5
Total area
6,223 SF
Lot
0.09 ac (3,720 SF)
Zoning code
R-MH
APN
640704592589-1
UPID
US73-1745167
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
COMMERCIAL (GENERAL) Current
Est. value
$630,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$710,000
OFFICE BUILDING
Est. value
$655,000
RETAIL STORES
Est. value
$590,000
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1900
Construction
TYPE NOT SPECIFIED
Heating
BASEBOARD
Stories
3
Units
3
Rooms
13
Bathrooms
5
Lot
0.09 ac
Current owner
From public records · entity-resolved
Luis Antonio Martinez
Individual
Free & Clear · 2 yrs held
Mailing address
309 CENTRAL PARK AVE, BETHLEHEM, PA 18018-4350
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2024
—
Luis Antonio Martinez
Luis Antonio Martinez
Intrafamily Transfer
related
—
Jan 19, 2024
—
Luis Antonio Martinez
Luis Antonio Martinez Rodriguez
Warranty Deed
—
Mar 13, 2009
$200,000
Luis Martinez
Palmer,orville & Lorinda
Grant Deed
—
Apr 5, 2005
$140,000
Orville Palmer
Finady,l J & Barbara J
Grant Deed
$105,000 · Popular Financial Services LLC
—
—
L J Finady
—
Deed Of Trust
related
$90,000 · Waypoint Bank
—
—
Finady L J
—
Deed Of Trust
related
$117,000 · East Penn 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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