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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5221 2nd St, Unit 5227 Whitehall, PA 18052-1845

    • Residential income homes
    • 5,268 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Sep 08, 2023
    $618,000
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    5.9%
    Residential income homes
    Location Intelligence
    Property ID
    US73-2885894
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 5221 2nd St

    Year built
    1850
    Construction
    BRICK
    Lot size
    0.29 lot acres
    Property size
    5,268 SF
    Zone code
    R-5A
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    558092953463-1
    APU
    5580929534631

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $590,000
      ML approach
      $585,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $585,000
      6.5%
      $540,000
      7%
      $505,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $418,000
      Market price range: $419k - $703k
      AI Estimate
      $487,000
      Market price range: $487k - $813k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $585,000
      Current use
      AUTO REPAIR, GARAGE
      $855,000
      Change: +46% Conversion: Difficult
      OFFICE BUILDING
      $785,000
      Change: +34% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $705,000
      Change: +21% Conversion: Moderate
      RETAIL STORES
      $640,000
      Change: +10% Conversion: Difficult
      WAREHOUSE, STORAGE
      $505,000
      Change: -14% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Whitehall
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.5088
    Latitude
    40.6912
    CBSA code
    10900
    CBSA name
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,098
    $37,100
    $213,400
    $250,500
    -
    $37,100
    $213,400
    $250,500

    Comparable in this City

    • Value Estimation by Request
      576 SF

      345 4th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 576 SF
      345 4th St, Whitehall, PA 18052-6505
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    • Value Estimation by Request
      1,468 SF

      3001 4th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,468 SF
      3001 4th St, Whitehall, PA 18052-3214
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    • Value Estimation by Request
      2,022 SF

      1022 Catasauqua Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,022 SF
      1022 Catasauqua Rd, Whitehall, PA 18052-5504
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    • Value Estimation by Request
      3,990 SF

      3152 Church St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,990 SF
      3152 Church St, Whitehall, PA 18052-3253
      View Details
    • Value Estimation by Request
      3,255 SF

      916 Hickory Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,255 SF
      916 Hickory Ln, Whitehall, PA 18052-5908
      View Details
    • Value Estimation by Request
      2,636 SF

      2104 Lincoln Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,636 SF
      2104 Lincoln Ave, Whitehall, PA 18052-4816
      View Details

    Similar Nearby for Sale

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      35,365 SF

      Whitehall Twp Apartment Rehab Opportunity

      28-unit apartment rehab opportunity in Whitehall Twp, PA.
      215 Quarry St, Whitehall, PA 18052
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    • $1,500,000
      1.24 Acres

      Apartment Rehab Opportunity in Whitehall

      28-unit apartment rehab opportunity in Whitehall Twp, Lehigh County.
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    • $499,000
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      Historic Building Renovation Opportunity

      Renovate historic building into four spacious apartments in Whitehall.
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    • New
      $649,900
      5,479 SF

      Income-Generating Whitehall Township Property

      Investment opportunity: four units, barn, garage, shed on three acres.
      3305 Municipal Dr, Whitehall, PA 18052
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    • $4,390,000
      24,367 SF

      Prime Whitehall Twp Redevelopment Opportunity

      4.241 acres with redevelopment potential in Whitehall Twp, PA.
      2946 Macarthur Rd, Whitehall, PA 18052
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    • $1,500,000

      Prime Whitehall Retail Land

      1.8-acre C-1 zoned commercial lot
      4532 Macarthur Rd, Whitehall, PA 18052
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    Similar Nearby for Lease

    • $300,000
      183,170 SF

      Prime Land Lease Opportunity

      4.241 acres available for land lease in Whitehall Twp.
      2946 Macarthur Rd, Whitehall, PA 18052
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    • Contact for pricing
      689,000 SF

      Warehouse Space in Whitehall, PA

      689,000 square foot warehouse space available for lease.
      5102 Beekmantown Rd, Whitehall, PA 18052
      View Details
    • $18 SF/Yr
      27,835 SF

      Retail Space on MacArthur Road

      2,750 SF retail space on Lehigh Valley's main corridor.
      2242 Macarthur Rd, Whitehall, PA 18052
      View Details
    • Contact for pricing
      3,956 SF

      Prime Whitehall Retail Drive-Thru

      High-traffic location, excellent visibility.
      1205 Grape St, Whitehall, PA 18052
      View Details
    • Contact for pricing
      7,182 SF

      Whitehall Retail Pad Site Opportunity

      Prime 7,182 SF Retail Pad - Lehigh County
      3644 Macarthur Rd, Whitehall, PA 18052
      View Details
    • Contact for pricing
      27,273 SF

      Whitehall Plaza Retail Center

      High-traffic retail space available.
      2409 Macarthur Rd, Whitehall, PA 18052
      View Details
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    Whitehall, PA 18052-1845
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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