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Property profile & analytics
OFF-MARKET
Estimated value
$13,275,000
Medical Office Space
501 Cetronia Rd Allentown, PA 18104-9569
Individually Owned
2-yr Hold
Free & Clear
Property ID
US73-5890409
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1994
Total area
91,706 SF
Lot
17.28 ac (752,586 SF)
Zoning code
HC-I
APN
547673781428-1
UPID
US73-5890409
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
-
St. Luke's Laboratory Services - Allentown (West End Medical Center) Medical Clinic
-
Imaging at St. Luke's West End Medical Center Medical Clinic
-
St. Luke's Occupational Medicine - Allentown Medical Clinic
-
St. Luke's Center for Urology - Allentown Medical Clinic
-
W.Michael M Morrissey M.D. Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.35M
Comparable Approach
Comparable
$15.39M
Blend (final)
Blend
$13.28M
Owner & transaction history
South Whitehall Township · 2 yrs held
South Whitehall Township
since 2023
5 recorded transactions
Zoning & alternative use
HC-I · Allentown, PA
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%
$13,375,000
6.5%
$12,345,000
7%
$11,465,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$19,625,000
Current use
RESTAURANT
$17,785,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,430,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$16,265,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$13.28M
Range $11.95M – $14.60M · ±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
$145 / 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
$141,797
Tax year 2024
Assessed value
$17,271,200
Assessed 2024
Previous assessed
$17,271,200
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$3,112,200
Assessed improvement
$14,159,000
Land market value
$3,112,200
Improvement market value
$14,159,000
Total market value
$17,271,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1994
Heating
YES
Cooling
YES
Stories
1
Total area
91,706 SF
Lot
17.28 ac (752,586 SF)
Zoning code
HC-I
APN
547673781428-1
UPID
US73-5890409
Jurisdiction
LEHIGH
Zoning & alternative use
HC-I · Allentown, PAZoning 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
Source
Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$19.6M
RESTAURANT
Est. value
$17.8M
AUTO REPAIR, GARAGE
Est. value
$17.4M
OFFICE BUILDING
Est. value
$16.3M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1994
Heating
YES
Cooling
Yes
Stories
1
Lot
17.28 ac
Current owner
From public records · entity-resolved
South Whitehall Township
Individual
Free & Clear · 2 yrs held
Mailing address
4444 WALBERT AVE, ALLENTOWN, PA 18104-1619
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2023
—
South Whitehall Township
Saintlukes Hospital Of Bethlehem
Deed
—
Dec 29, 2022
—
Township Of South Whitehall
—
Deed
related
$1,340,765 · Saint Lukes Hospital Of Bethlehem
Dec 27, 2011
$6,430,000
St Lukes Hosp Of Bethlehem Penns
First Star Bk
Grant Deed
—
Jan 13, 2011
—
Star Bk First
Sheriff Of Lehigh County
Trustees Deed
related
—
May 31, 2006
$9,300,000
Nextgen Holdings
Jtj Pennsylvania Props LLC
Grant Deed
$7,500,000 · First Star Savings 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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