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Property profile & analytics
OFF-MARKET
Estimated value
$3,140,000
Refrigerated & Cold Storage
5239 Tilghman St Allentown, PA 18104-9378
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-3630480
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1996
Total area
34,936 SF
Lot
7.11 ac (309,668 SF)
Zoning code
HC
APN
547626845369-1
UPID
US73-3630480
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
-
K Heeps Inc Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.42M
CAP Approach
CAP
$3.33M
Comparable Approach
Comparable
$3.07M
Blend (final)
Blend
$3.14M
Owner & transaction history
K Heeps Real Estate Company LLC · 5 yrs held
K Heeps Real Estate Company LLC
since 2021
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
HC · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.9M
+70.0%
Commercial (general)
$4.3M
+48.8%
Retail stores
$3.9M
+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
$3,315,000
ML approach
$3,415,000
CAP Approach
CAP Return
Estimation
6%
$3,600,000
6.5%
$3,325,000
7%
$3,085,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,905,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,940,000
Change: +70% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,325,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$3,880,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$3.14M
Range $2.83M – $3.45M · ±10% · vs last sale $3.00M (Jul 19 2021)
Last sale anchor
$3.00M
Jul 19 2021
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
$90 / 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
$48,592
Tax year 2024
Assessed value
$2,333,900
Assessed 2024
Previous assessed
$2,333,900
+0.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$853,100
Assessed improvement
$1,480,800
Land market value
$853,100
Improvement market value
$1,480,800
Total market value
$2,333,900
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Stories
1
Total area
34,936 SF
Lot
7.11 ac (309,668 SF)
Zoning code
HC
APN
547626845369-1
UPID
US73-3630480
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
WAREHOUSE, STORAGE Current
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.3M
RETAIL STORES
Est. value
$3.9M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
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
1996
Heating
FORCED AIR
Stories
1
Lot
7.11 ac
Current owner
From public records · entity-resolved
K Heeps Real Estate Company LLC
Entity
Mailing address
30 MONUMENT SQ STE #302, CONCORD, MA 01742-1829
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Feb 28, 2023
—
K Heeps Real Estate Company LLC
—
Deed
related
$4,300,000 · Salem Five Cents Savings Bank
Jul 19, 2021
$3,000,000
K Heeps Real Estate Company LLC
Heeps Family Limited Partnership I
Deed
$3,800,000 · Salem Five Cents Savings Bank
Dec 21, 2012
$2,201,073
Heeps Family LP I LP
Heeps,deborah A
Grant Deed
related
—
Dec 17, 2012
—
Deborah A Heeps
Heeps,james W
Quit Claim Deed
related
—
—
—
James W Heeps
—
Deed Of Trust
related
$700,000 · First Union National 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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