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Property profile & analytics
OFF-MARKET
Estimated value
$2,090,000
Warehouses
601 Highland St 623, Allentown, PA 18109-3220
Entity Owned
5-yr Hold
Free & Clear
Property ID
US73-1974579
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Total area
18,269 SF
Lot
2.06 ac (89,951 SF)
Zoning code
B/LI
APN
640769632727-1
UPID
US73-1974579
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
-
Schaedler Yesco Distribution Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.42M
CAP Approach
CAP
$1.74M
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$2.09M
Owner & transaction history
Schaedler Yesco Distribution INC · 5 yrs held
Schaedler Yesco Distribution INC
since 2021
Last sale
$2.1M
4 recorded transactions
Zoning & alternative use
B/LI · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.5M
+160.6%
Office building
$3.2M
+139.8%
Commercial (general)
$2.3M
+69.8%
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
$2,350,000
ML approach
$2,415,000
CAP Approach
CAP Return
Estimation
6%
$1,880,000
6.5%
$1,740,000
7%
$1,615,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,330,000
Current use
AUTO REPAIR, GARAGE
$3,470,000
Change: +161% · Conversion: Easy
OFFICE BUILDING
$3,195,000
Change: +140% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,260,000
Change: +70% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,995,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$1,885,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$2.09M
Range $1.88M – $2.30M · ±10% · vs last sale $2.13M (May 10 2021)
Last sale anchor
$2.13M
May 10 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
$114 / 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
$41,650
Tax year 2024
Assessed value
$1,198,800
Assessed 2024
Previous assessed
$1,198,800
+0.0% YoY
Effective rate
3.47%
On assessed value
Assessed land
$242,900
Assessed improvement
$955,900
Land market value
$242,900
Improvement market value
$955,900
Total market value
$1,198,800
Applied tax rate
15.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Heating
SPACE
Buildings
2
Stories
1
Total area
18,269 SF
Lot
2.06 ac (89,951 SF)
Zoning code
B/LI
APN
640769632727-1
UPID
US73-1974579
Jurisdiction
LEHIGH
Zoning & alternative use
B/LI · Allentown, PA
Zoning B/LI · permitted uses
B/LI · 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
$1.3M
AUTO REPAIR, GARAGE
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1986
Heating
SPACE
Stories
1
Buildings
2
Lot
2.06 ac
Current owner
From public records · entity-resolved
Schaedler Yesco Distribution INC
Entity
Free & Clear · 5 yrs held
Mailing address
3982 PAXTON ST, HARRISBURG, PA 17111-1423
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2021
$2,125,000
Schaedler Yesco Distribution INC
Joseph A Zipley
Special Warranty Deed
—
Nov 29, 2004
—
Joseph A Zipley
Zipley,joseph A
Quit Claim Deed
related
—
Nov 17, 2004
—
Joseph A Zipley
Zipley,joseph A
Quit Claim Deed
related
—
—
—
Joseph A Zipley
—
Deed Of Trust
related
$2,500,000 · Firstrust 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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