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Property profile & analytics
OFF-MARKET
Estimated value
$10,055,000
Distribution centers
6980 Snowdrift Rd Allentown, PA 18106-9358
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-1583074
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1979
Total area
100,596 SF
Lot
10.59 ac (461,083 SF)
Zoning code
LI
APN
546634389617-1
UPID
US73-1583074
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
-
Niagara Allen Distribution Warehouse & Storage
-
BlueLinx Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.50M
CAP Approach
CAP
$9.57M
Comparable Approach
Comparable
$6.26M
Blend (final)
Blend
$10.06M
Owner & transaction history
Triple Net Investments Lxv LLC · 5 yrs held
Triple Net Investments Lxv LLC
since 2021
Last sale
$9.7M
3 recorded transactions
Zoning & alternative use
LI · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.4M
+59.8%
Commercial (general)
$12.5M
+48.8%
Apartment house (5+ units)
$11.6M
+38.1%
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
$10,750,000
ML approach
$10,495,000
CAP Approach
CAP Return
Estimation
6%
$10,365,000
6.5%
$9,565,000
7%
$8,885,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,370,000
Current use
OFFICE BUILDING
$13,375,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,455,000
Change: +49% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,560,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$11,175,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$10.06M
Range $9.05M – $11.06M · ±10% · vs last sale $9.73M (Apr 14 2021)
Last sale anchor
$9.73M
Apr 14 2021
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
$100 / 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
$74,542
Tax year 2024
Assessed value
$3,580,300
Assessed 2024
Previous assessed
$3,580,300
+0.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$1,270,200
Assessed improvement
$2,310,100
Land market value
$1,270,200
Improvement market value
$2,310,100
Total market value
$3,580,300
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1979
Heating
YES
Cooling
YES
Stories
1
Total area
100,596 SF
Lot
10.59 ac (461,083 SF)
Zoning code
LI
APN
546634389617-1
UPID
US73-1583074
Jurisdiction
LEHIGH
Zoning & alternative use
LI · Allentown, PA
Zoning LI · permitted uses
LI · 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
WAREHOUSE, STORAGE Current
Est. value
$8.4M
OFFICE BUILDING
Est. value
$13.4M
COMMERCIAL (GENERAL)
Est. value
$12.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.6M
RETAIL STORES
Est. value
$11.2M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1979
Heating
YES
Cooling
Yes
Stories
1
Lot
10.59 ac
Current owner
From public records · entity-resolved
Triple Net Investments Lxv LLC
Entity
Mailing address
171 STATE RTE 173RD STE #201, ASBURY, NJ 08802-1365
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2021
$9,725,000
Triple Net Investments Lxv LLC
Psip Snowdrift Road LLC
Special Warranty Deed
$5,550,000 · Essa Bank & Trust
Mar 31, 2017
$4,650,000
Psip Snowdrift Road LLC
Abp Pa Allentown LLC
Grant Deed
—
May 20, 2004
$1,124,801
Abp Pa Allentown LLC
Georgia-pacific Corp
Deed Of Trust
related
$100,000,000 · Abpmc LLC
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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