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Property profile & analytics
OFF-MARKET
Investment properties
502-504 8th St, Allentown, PA 18102
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-2000992
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1880
Construction
BRICK
Total area
4,425 SF
Lot
0.11 ac (4,807 SF)
Zoning code
R-MH
APN
549792475262-1
UPID
US73-2000992
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
Luis A Ramirez · 1 yrs held
Luis A Ramirez
since 2025
Last sale
$487,500
7 recorded transactions
Zoning & alternative use
R-MH · 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
$5,244
Tax year 2024
Assessed value
$155,000
Assessed 2024
Previous assessed
$155,000
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$24,000
Assessed improvement
$131,000
Land market value
$24,000
Improvement market value
$131,000
Total market value
$155,000
Applied tax rate
8.0000
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
1880
Construction
BRICK
Heating
BASEBOARD
Stories
3
Units
4
Rooms
12
Bathrooms
4
Total area
4,425 SF
Lot
0.11 ac (4,807 SF)
Zoning code
R-MH
APN
549792475262-1
UPID
US73-2000992
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.
Building & site characteristics
From public records
Year built
1880
Construction
BRICK
Heating
BASEBOARD
Stories
3
Units
4
Rooms
12
Bathrooms
4
Lot
0.11 ac
Current owner
From public records · entity-resolved
Luis A Ramirez
Individual
Mailing address
PO BOX 20721, LEHIGH VALLEY, PA 18002-0721
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2025
$487,500
Luis A Ramirez
Gppg 502 N 8th Street LLC
Deed
$365,625 · Quaint Oak Mortgage LLC
May 23, 2022
$475,000
Gppg 502 N 8th Street LLC
Cecil O Buxo
Special Warranty Deed
$380,000 · American Bank
Dec 18, 2020
—
Cecil O Buxo
—
Deed
related
$185,500 · Meadowbrook Fincl Mtg Bankers Corp
Nov 21, 2017
—
Cecil O Buxo
—
Deed
related
$133,000 · Mr Cooper
Mar 14, 2008
$185,000
Cecil O Buxo
Sabater,veronica E
Grant Deed
—
Oct 21, 2003
$110,000
Veronica E Sabater
Ellenberger,daniel G & Michele
Grant Deed
$88,000 · Public Savings Bank
—
—
Daniel G Ellenberger
—
Deed Of Trust
related
$44,000 · East Penn Bank
—
—
Daniel G Ellenberger
—
Deed Of Trust
related
$50,000 · East Penn Bank
—
—
Cecil O Buxo
—
Deed Of Trust
related
$133,000 · Mr Cooper
—
—
Cecil O Buxo
—
Deed Of Trust
related
$185,500 · Meadowbrook Fin'l
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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