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Property profile & analytics
OFF-MARKET
Drive through restaurants
4650 Broadway Allentown, PA 18104-3214
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-0653084
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1991
Total area
3,019 SF
Zoning code
HC-I
APN
547664723501-3
UPID
US73-0653084
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tilghman Square Associates · 16 yrs held
Tilghman Square Associates
since 2009
7 recorded transactions
Zoning & alternative use
HC-I · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,415
Tax year 2024
Assessed value
$443,200
Assessed 2024
Previous assessed
$443,200
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed improvement
$443,200
Improvement market value
$443,200
Total market value
$443,200
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1991
Heating
YES
Cooling
YES
Stories
1
Total area
3,019 SF
Zoning code
HC-I
APN
547664723501-3
UPID
US73-0653084
Jurisdiction
LEHIGH
Zoning & alternative use
HC-I · Allentown, PA
Zoning HC-I · permitted uses
HC-I · 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.
Building & site characteristics
From public records
Year built
1991
Heating
YES
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Tilghman Square Associates
Entity
Mailing address
1250 STATE RTE 28TH STE #101, BRANCHBURG, NJ 08876-3389
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
May 23, 2024
—
Tilghman Square Associates LP
—
Deed
related
$54,045,000 · Citibank NA
Dec 27, 2023
—
Tilghman Square Associates LP
—
Deed
related
$54,045,000 · Citibank NA
Dec 24, 2019
—
Tilghman Square Associates LP
—
Grant Deed
related
$36,600,000 · Citibank
May 21, 2019
—
Tilghman Square Associates LP
—
Deed
related
$169,000 · Citibank NA
Nov 15, 2016
—
Tilghman Square Associates LP
—
Deed
related
$104,000 · Citibank NA
Nov 13, 2012
—
Tilghman Square Associates LP
—
Deed Of Trust
related
$69,637,500 · Citicorp Svgs/fl
Sep 11, 2012
—
Valenti Mid-atlantic Realty Ll
—
Grant Deed
related
$48,000,000 · Bank Of America
Dec 18, 2009
$19,350,000
Tilghman Square Associates
Steinbach Pass LLC
Grant Deed
$15,720,000 · Citicorp USA Corp
Oct 27, 2004
—
Steinbach Pass LLC
Sheriff Of Lehigh County
Trustees Deed
related
—
—
—
Tilghman Square Associates LP
—
Loan Modification
related
$82,000,000 · Citibank NA
—
—
Tilghman Square Associates LP
—
Loan Modification
related
$8,600,000 · Citibank
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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