New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,405,000
Outlet malls
480 Cedar Crst Blvd Allentown, PA 18104
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1187357
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1999
Total area
30,133 SF
Lot
3.5 ac (152,373 SF)
Zoning code
HC
APN
548662934913-2
UPID
US73-1187357
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
-
Office Depot Tech Services Tech Support Center IT Consulting Firm
-
Primo Water Exchange Big Box & Wholesale Store
-
FedEx ShipSite Shipping Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.00M
Blend (final)
Blend
$3.41M
Owner & transaction history
Cedar Point West Associates LP · 3 yrs held
Cedar Point West Associates LP
since 2022
7 recorded transactions
Zoning & alternative use
HC · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.3M
+59.6%
Apartment house (5+ units)
$4.3M
+27.3%
Commercial (general)
$3.7M
+11.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,350,000
Current use
OFFICE BUILDING
$5,345,000
Change: +60% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,260,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,730,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$3.41M
Range $3.06M – $3.75M · ±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
$113 / 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
$85,877
Tax year 2024
Assessed value
$3,654,400
Assessed 2024
Previous assessed
$3,654,400
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$914,200
Assessed improvement
$2,740,200
Land market value
$914,200
Improvement market value
$2,740,200
Total market value
$3,654,400
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1999
Heating
YES
Cooling
YES
Stories
1
Total area
30,133 SF
Lot
3.5 ac (152,373 SF)
Zoning code
HC
APN
548662934913-2
UPID
US73-1187357
Jurisdiction
LEHIGH
Zoning & alternative use
HC · Allentown, PA
Zoning HC · permitted uses
HC · 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
RETAIL STORES Current
Est. value
$3.4M
OFFICE BUILDING
Est. value
$5.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$3.7M
RETAIL STORES Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1999
Heating
YES
Cooling
Yes
Stories
1
Lot
3.5 ac
Current owner
From public records · entity-resolved
Cedar Point West Associates LP
Entity
Mailing address
16515 POTTSVILLE PIKE STE A, HAMBURG, PA 19526-8182
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2022
—
Cedar Point West Associates LP
—
Deed
related
$9,800,000 · American Bank
Oct 26, 2018
—
Cedar Point West Associates LP
—
Grant Deed
related
$1,900,000 · American Bk
May 10, 2017
—
Cedar Point West Associates LP
—
Deed
related
$400,000 · American Bk
Mar 3, 2017
—
Cedar Point West Associates LP
—
Deed
related
$335,372 · American Bk NA
May 13, 2016
—
Cedar Point West Associates LP
—
Deed
related
$9,205,000 · American Bk
Jan 26, 2010
—
Cedar Point West Associates LP
—
Deed Of Trust
related
$4,350,000 · American Bank
—
—
Cedar Point West Associates LP
—
Deed Of Trust
related
$900,000 · American Bk
—
—
Cedar Point West Associates LP
—
Deed Of Trust
related
$500,000 · American Bank
—
—
Cedar Point West Associates LP
—
Deed Of Trust
related
$9,205,000 · American Bk
—
—
Cedar Point West Associates LP
—
Deed Of Trust
related
$543,000 · American Bank
—
—
Cedar Point West Associates LP
—
Deed Of Trust
related
$280,000 · American Bank
—
—
Cedar Point West Associates LP
—
Deed Of Trust
related
$550,000 · American Bank
—
—
Cedar Point West Associates LP
—
Deed Of Trust
related
$400,000 · American Bk
—
—
Cedar Point West Associates LP
—
Deed Of Trust
related
$335,372 · American Bk NA
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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