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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Apartment buildings
602 5th St Allentown, PA 18103-3313
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-0163101
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1897
Construction
BRICK
Total area
4,512 SF
Lot
0.06 ac (2,640 SF)
Zoning code
R-MH
APN
640637091645-1
UPID
US73-0163101
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
$640k
Comparable Approach
Comparable
$458k
Blend (final)
Blend
$625k
Owner & transaction history
Crts Properties LLC · 1 yrs held
Crts Properties LLC
since 2024
Last sale
$753,248
4 recorded transactions
Zoning & alternative use
R-MH · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$965,000
+84.9%
Auto repair, garage
$860,000
+64.2%
Office building
$610,000
+16.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$520,000
Current use
MEDICAL BUILDING
$965,000
Change: +85% · Conversion: Moderate
AUTO REPAIR, GARAGE
$860,000
Change: +64% · Conversion: Difficult
OFFICE BUILDING
$610,000
Change: +17% · Conversion: Moderate
COMMERCIAL (GENERAL)
$560,000
Change: +7% · Conversion: Moderate
RETAIL STORES
$500,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $753k (Sep 24 2024)
Last sale anchor
$753k
Sep 24 2024
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
$139 / 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
$8,128
Tax year 2024
Assessed value
$241,000
Assessed 2024
Previous assessed
$241,000
+0.0% YoY
Effective rate
3.37%
On assessed value
Assessed land
$36,000
Assessed improvement
$205,000
Land market value
$36,000
Improvement market value
$205,000
Total market value
$241,000
Applied tax rate
12.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1897
Construction
BRICK
Heating
BASEBOARD
Buildings
2
Stories
3
Units
7
Rooms
16
Bathrooms
7
Total area
4,512 SF
Lot
0.06 ac (2,640 SF)
Zoning code
R-MH
APN
640637091645-1
UPID
US73-0163101
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$520,000
MEDICAL BUILDING
Est. value
$965,000
AUTO REPAIR, GARAGE
Est. value
$860,000
OFFICE BUILDING
Est. value
$610,000
COMMERCIAL (GENERAL)
Est. value
$560,000
RETAIL STORES
Est. value
$500,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1897
Construction
BRICK
Heating
BASEBOARD
Stories
3
Buildings
2
Units
7
Rooms
16
Bathrooms
7
Lot
0.06 ac
Current owner
From public records · entity-resolved
Crts Properties LLC
Entity
Mailing address
PO BOX 1991, ALLENTOWN, PA 18105-1991
Ownership since
2024
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
Dec 24, 2024
$753,248
Crts Properties LLC
Richard Smith
Deed
$5,372,000 · First Commonwealth FCU
Mar 16, 2005
$252,500
Richard A Smith
Almgren,william & Sandra
Grant Deed
$190,000 · Imperial Capital Bank
—
—
William Almgren
—
Deed Of Trust
related
$127,000 · Equity One INC
—
—
William Almgren
—
Deed Of Trust
related
$120,000 · Equity One INC
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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