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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Commercial land
569 Cetronia Rd Allentown, PA 18104-9569
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-2910320
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1966
Construction
BRICK
Total area
2,294 SF
Lot
0.35 ac (15,246 SF)
Zoning code
HC-I
APN
547674435920-1
UPID
US73-2910320
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
$520k
CAP Approach
CAP
$345k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$545k
Owner & transaction history
Saint Lukes Hospital Of Bethlehem P · 2 yrs held
Saint Lukes Hospital Of Bethlehem P
since 2023
Last sale
$560,000
4 recorded transactions
Zoning & alternative use
HC-I · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$490,000
+72.8%
Auto repair, garage
$435,000
+53.5%
Office building
$405,000
+43.2%
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
$545,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
$375,000
6.5%
$345,000
7%
$320,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$490,000
Change: +73% · Conversion: Easy
AUTO REPAIR, GARAGE
$435,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$405,000
Change: +43% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $560k (Nov 16 2023)
Last sale anchor
$560k
Nov 16 2023
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
$238 / 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
$1,690
Tax year 2024
Assessed value
$71,900
Assessed 2024
Previous assessed
$71,900
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$71,900
Land market value
$71,900
Total market value
$71,900
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1966
Construction
BRICK
Heating
BASEBOARD
Rooms
6
Bathrooms
2
Total area
2,294 SF
Lot
0.35 ac (15,246 SF)
Zoning code
HC-I
APN
547674435920-1
UPID
US73-2910320
Jurisdiction
LEHIGH
Zoning & alternative use
HC-I · Allentown, PA
Zoning 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
Allentown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$490,000
AUTO REPAIR, GARAGE
Est. value
$435,000
OFFICE BUILDING
Est. value
$405,000
MEDICAL BUILDING
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
1966
Construction
BRICK
Heating
BASEBOARD
Rooms
6
Bathrooms
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
Saint Lukes Hospital Of Bethlehem P
Individual
Mailing address
801 OSTRUM ST, BETHLEHEM, PA 18015-1000
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2023
$560,000
Saint Lukes Hospital Of Bethlehem P
Kre Spring View Commercial II LP
Warranty Deed
—
Aug 29, 2019
—
Spring View Commercial II LP
—
Grant Deed
related
$86,500,000 · Capital One NA
Jan 24, 2017
—
Kre Spring View Coml II LP
Kre Spring View Commercial LP
Quit Claim Deed
related
—
Feb 29, 2016
$628,469
Kre Spring View Commercial LP
Herring,carl R & Mary A
Grant Deed
—
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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