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Property profile & analytics
OFF-MARKET
Estimated value
$6,250,000
Grocery and convenience stores
602 7th St 618 Allentown, PA 18102-1648
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-2317887
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1948
Total area
76,500 SF
Lot
1.73 ac (75,359 SF)
Zoning code
B1/R
APN
549793642421-1
UPID
US73-2317887
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
-
Supremo Food Market of Allentown Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.47M
Blend (final)
Blend
$6.25M
Owner & transaction history
630 Allentown Realty LLC · 9 yrs held
630 Allentown Realty LLC
since 2016
7 recorded transactions
Zoning & alternative use
B1/R · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.7M
+19.7%
Office building
$8.1M
+10.7%
Commercial (general)
$7.8M
+6.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$7,280,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,710,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$8,060,000
Change: +11% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,750,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$6.25M
Range $5.63M – $6.88M · ±10%
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
$82 / 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
$83,528
Tax year 2024
Assessed value
$2,388,300
Assessed 2024
Previous assessed
$2,388,300
+0.0% YoY
Effective rate
3.50%
On assessed value
Assessed land
$512,800
Assessed improvement
$1,875,500
Land market value
$512,800
Improvement market value
$1,875,500
Total market value
$2,388,300
Applied tax rate
8.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1948
Heating
YES
Cooling
YES
Stories
3
Total area
76,500 SF
Lot
1.73 ac (75,359 SF)
Zoning code
B1/R
APN
549793642421-1
UPID
US73-2317887
Jurisdiction
LEHIGH
Zoning & alternative use
B1/R · Allentown, PA
Zoning B1/R · permitted uses
B1/R · 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
RETAIL STORES Current
Est. value
$7.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.7M
OFFICE BUILDING
Est. value
$8.1M
COMMERCIAL (GENERAL)
Est. value
$7.8M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1948
Heating
YES
Cooling
Yes
Stories
3
Lot
1.73 ac
Current owner
From public records · entity-resolved
630 Allentown Realty LLC
Entity
Mailing address
249 E FRNT ST, PLAINFIELD, NJ 07060-1316
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2016
—
Allentown Property LLC
—
Deed
related
$750,000 · Banco Popular
Nov 14, 2016
—
Allentown Property LLC
—
Deed
related
$1,725,000 · Banco Popular
Aug 23, 2016
—
630 Allentown Realty LLC
Allentown Property LLC
Quit Claim Deed
related
—
Aug 4, 2016
—
Allentown Property LLC
Allentown Property LLC
Quit Claim Deed
related
—
May 17, 2016
—
630 Allentown Realty LLC
—
Deed
related
$930,000 · Reinvestment Fund
Aug 21, 2014
—
Allentown Property LLC
—
Grant Deed
related
$1,725,000 · Banco Popular
Feb 7, 2014
$1,550,000
Allentown Property LLC
Seventh & Allen Equities LLC
Grant Deed
related
—
—
—
630 Allentown Realty LLC
—
Loan Modification
related
$930,000 · Reinvestment Fund
—
—
Allentown Property LLC
—
Loan Modification
related
$1,725,000 · Banco Popular
—
—
Allentown Property LLC
—
Deed Of Trust
related
$750,000 · Banco Popular
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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