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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Residential income homes
602-606 Frnt St Allentown, PA 18102
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-0814569
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1900
Construction
TYPE NOT SPECIFIED
Total area
6,868 SF
Lot
0.16 ac (6,752 SF)
Zoning code
R-MH
APN
640745118029-1
UPID
US73-0814569
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
$1.04M
CAP Approach
CAP
$975k
Comparable Approach
Comparable
$766k
Blend (final)
Blend
$845k
Owner & transaction history
Thind Properties LLC · 6 yrs held
Thind Properties LLC
since 2020
Last sale
$635,000
7 recorded transactions
Zoning & alternative use
R-MH · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+70.3%
Auto repair, garage
$1.3M
+66.9%
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
$1,025,000
ML approach
$1,040,000
CAP Approach
CAP Return
Estimation
6%
$1,055,000
6.5%
$975,000
7%
$905,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$780,000
Current use
RESTAURANT
$1,330,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,305,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$725,000
Change: -7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$695,000
Change: -11% · Conversion: Moderate
RETAIL STORES
$655,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $635k (Jan 27 2020)
Last sale anchor
$635k
Jan 27 2020
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
$123 / 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
$9,065
Tax year 2024
Assessed value
$276,900
Assessed 2024
Previous assessed
$276,900
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$27,000
Assessed improvement
$249,900
Land market value
$27,000
Improvement market value
$249,900
Total market value
$276,900
Applied tax rate
6.0000
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1900
Construction
TYPE NOT SPECIFIED
Heating
BASEBOARD
Stories
3
Units
1
Rooms
18
Bathrooms
14
Total area
6,868 SF
Lot
0.16 ac (6,752 SF)
Zoning code
R-MH
APN
640745118029-1
UPID
US73-0814569
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
$780,000
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$695,000
RETAIL STORES
Est. value
$655,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
1900
Construction
TYPE NOT SPECIFIED
Heating
BASEBOARD
Stories
3
Units
1
Rooms
18
Bathrooms
14
Lot
0.16 ac
Current owner
From public records · entity-resolved
Thind Properties LLC
Entity
Mailing address
3825 CYPRESS LN, BETHLEHEM, PA 18020-7601
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2020
$635,000
Thind Properties LLC
Gnb Realty
Grant Deed
$508,000 · First Cmnwlt FCU
Nov 9, 2005
$325,000
Gnb Realty LLC
Nedal Makhoul
Deed
$260,000 · Wachovia Bank NA
Mar 19, 2004
$97,000
Nedal Makhoul
Equity One INC
Grant Deed
$72,750 · Wachovia Bank NA
Nov 25, 2003
—
Equity One INC
Hilt,gregory
Trustees Deed
related
—
Oct 14, 1997
$90,000
Gregory Hilt
Clark,susan
Grant Deed
$90,000 · Seller
Sep 10, 1997
$45,000
Susan Clark
Vazquez,gregoria
Grant Deed
—
—
—
Gregory Hilt
—
Deed Of Trust
related
$105,000 · Equity One INC
—
—
Gregory Hilt
—
Deed Of Trust
related
$50,000 · Patriot Bank NA
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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