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Property profile & analytics
OFF-MARKET
Day care centers
622-626 Hanover Ave Allentown, PA 18109
Entity Owned
19-yr Hold
Free & Clear
Property ID
US73-0751495
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Total area
5,326 SF
Lot
0.22 ac (9,757 SF)
Zoning code
B-1/
APN
640784083847-1
UPID
US73-0751495
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
223 Hanover Street LLC · 19 yrs held
223 Hanover Street LLC
since 2007
7 recorded transactions
Zoning & alternative use
B-1/ · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$16,162
Tax year 2024
Assessed value
$489,500
Assessed 2024
Previous assessed
$489,500
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$54,900
Assessed improvement
$434,600
Land market value
$54,900
Improvement market value
$434,600
Total market value
$489,500
Applied tax rate
14.0000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Heating
YES
Cooling
YES
Stories
1
Total area
5,326 SF
Lot
0.22 ac (9,757 SF)
Zoning code
B-1/
APN
640784083847-1
UPID
US73-0751495
Jurisdiction
LEHIGH
Zoning & alternative use
B-1/ · Allentown, PA
Zoning B-1/ · permitted uses
B-1/ · 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.
Building & site characteristics
From public records
Heating
YES
Cooling
Yes
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
223 Hanover Street LLC
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 4138, BETHLEHEM, PA 18018-0138
Ownership since
2007
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
Aug 8, 2019
—
223 Hanover Street LLC
—
Deed
related
$66,308 · The Rising Tide Community Loan Fund
Dec 15, 2017
—
223 Hanover Street LLC
—
Deed
related
$590,000 · Gutierrez Juan J
May 11, 2007
$410,000
223 Hanover Street LLC
Susquehanna Patriot Bank
Grant Deed
—
Feb 20, 2007
—
Susquehanna Patriot Bank
Sheriff Of Lehigh County
Trustees Deed
related
—
Aug 4, 2003
$386,050
John Higginbotham
Clemens,randy S
Grant Deed
$380,000 · Patriot Bank NA
—
—
Randy S Clements
—
Deed Of Trust
related
$1,000,000 · East Penn Bank
—
—
Randy S Clemens
—
Deed Of Trust
related
$300,000 · East Penn Bank
—
—
Randy S Clemens
—
Deed Of Trust
related
$1,500,000 · East Penn Bank
—
—
Louis Kovecses
—
Deed Of Trust
related
$40,000 · Randy Clemens
—
—
223 Hanover Street LLC
—
Deed Of Trust
related
$590,000 · Gutierrez Juan J
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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