Financial
Distress signals
Property profile

615 N New St Allentown, PA 18102

FOR LEASE
Manufacturing properties
Property ID
US73-0987175
13,604 SF 0.16 ac lot Built 1920
Last sale Jan 2013 · $60,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This property, historically operated as a self-storage facility, is located at 615–623 N New Street in Allentown City, Pennsylvania, and sits on a 1.033-acre lot. The building is configured to support flexible occupancy, with suitability for continued self-storage use or conversion to warehouse space. The property layout is designed to accommodate multiple tenants or units.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$3k
Tax billed · 2024
Assessed value$75k
Assessed land$32k
Assessed improvement$43k
Effective rate3.90%

Value estimate

· Sep 2026
$390k
$351k – $429k
AI approach$390k
Submarket $/SF estimate$510k
NOI build-up
Gross scheduled income$346k
Vacancy & credit loss−$18k
Operating expenses−$49k
NOI · 3,477,387.50% cap applied$278k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$75/SF
Submarket average, outlier-cleaned · 57 recorded sales of this use type
Observed band · Q1–Q3$37 – $118
Qualifying comparables5

Cap rate analysis

How does the asset earn?
3,477,387.50%
$278k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R-MH
The purpose of this district is to provide areas of medium high density with a mix of housing types, to protect these areas from incompat...
General categoryRESIDENTIAL
JurisdictionLEHIGH

Location intelligence

Which uses thrive at this corner?
Best fit: Bakery
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Bakery11.2
Gym & Fitness10.7
Acupuncture10.2

Location

615 N New St Allentown, PA 18102
County assessor Recorded deeds · 3 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
901 Greenleaf, Allentown, PA 18102-1473 $1,500,000 Jul 2023 20,026 SF
911 Lumber, Allentown, PA 18102-1525 $231,500 Jan 2023 12,148 SF
725 10th, Allentown, PA 18102-1409 $400,000 Apr 2022 18,350 SF
514 Madison, Allentown, PA 18102-2131 $775,000 Apr 2022 14,843 SF
314-318 Madison, Allentown, PA 18102 $325,000 Jun 2021 10,420 SF
123 3rd, Allentown, PA 18102-4909 $1,400,000 Jan 2020 17,436 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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