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Property profile & analytics
FOR LEASE
Warehouses
4741 Chapmans Rd, Allentown, PA 18104
Individually Owned
4-yr Hold
Free & Clear
Property ID
US73-1432885
For Lease
1 / 2
$8,675,000
4741 Chapmans Rd, Allentown, PA 18104
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2022
Total area
102,250 SF
Lot
14 ac (609,840 SF)
Zoning code
IC-1
APN
547721696044-1
UPID
US73-1432885
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
-
Walgreens Micro Fulfillment Center Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.73M
Comparable Approach
Comparable
$8.09M
Blend (final)
Blend
$8.68M
Owner & transaction history
Commonwealth Of Pennsylvania · 4 yrs held
Commonwealth Of Pennsylvania
since 2022
6 recorded transactions
Zoning & alternative use
IC-1 · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.7M
+48.8%
Retail stores
$11.4M
+33.5%
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%
$10,535,000
6.5%
$9,725,000
7%
$9,030,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,505,000
Current use
COMMERCIAL (GENERAL)
$12,660,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$11,360,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$8.68M
Range $7.81M – $9.54M · ±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
$85 / 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
$144,314
Tax year 2024
Assessed value
$6,141,100
Assessed 2024
Previous assessed
$6,141,100
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$1,134,000
Assessed improvement
$5,007,100
Land market value
$1,134,000
Improvement market value
$5,007,100
Total market value
$6,141,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2022
Heating
SPACE
Stories
1
Total area
102,250 SF
Lot
14 ac (609,840 SF)
Zoning code
IC-1
APN
547721696044-1
UPID
US73-1432885
Jurisdiction
LEHIGH
Zoning & alternative use
IC-1 · Allentown, PA
Zoning IC-1 · permitted uses
IC-1 · 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
WAREHOUSE, STORAGE Current
Est. value
$8.5M
COMMERCIAL (GENERAL)
Est. value
$12.7M
RETAIL STORES
Est. value
$11.4M
WAREHOUSE, STORAGE Current
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
2022
Heating
SPACE
Stories
1
Lot
14 ac
Current owner
From public records · entity-resolved
Commonwealth Of Pennsylvania
Individual
Free & Clear · 4 yrs held
Mailing address
1717 ARCH ST STE #3820, PHILADELPHIA, PA 19103-2761
Ownership since
2022
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
Aug 27, 2025
—
Riverbend South Whitehall Propertie
—
Deed
related
$700,000,000 · Jpmorgan Chase Bank NA
Nov 18, 2024
—
Riverbend South Whitehall Prop I Ll
—
Deed
related
$595,000,000 · Standard Chartered Bank
Jun 29, 2023
—
Riverbend South Whitehall Prop I Ll
—
Deed
related
$47,500,000 · Standard Chartered Bank
Mar 10, 2022
—
Commonwealth Of Pennsylvania
Riverbend South Whitdhall Prop I Ll
Quit Claim Deed
related
—
Sep 16, 2021
—
South Whitehall Township
Riverbend South Whitehall Prop I Ll
Deed
—
Oct 25, 2019
$1,850,000
Riverbend S Whitehall Prop I L
Frederick J Jaindl
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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