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    702 Hamilton St Allentown, PA 18101

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    702 Hamilton St Allentown, PA 18101

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    • Banks
    • 49,815 SF
    • 0.68 lot acres
    For Sale
    $2,290,000
    View Listing →
    Restaurant Space in Historic Building For Sale
    $2,290,000

    Restaurant Space in Historic Building

    Restaurant space with patio in downtown Allentown's Center Square.

    702 Hamilton Street, Allentown, PA 18101
    View Listing
    Property ID
    US73-1430232
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chimney Sweep & Repair Pro Allentown / General Contractor / Renovation Specialist
    • Cheap Hamilton Car / Car Dealership
    • MVP Payday Loans / Loan Service
    • Hamilton Cheap Car Insurances Allentown / Insurance Agency
    • West Park Insurance / Insurance Agency

    Property Details for 702 Hamilton St

    Year built
    1903
    Lot size
    0.68 lot acres
    Property size
    49,815 SF
    Zone code
    B-2
    Property type
    Banks
    APN
    640700927183-1
    APU
    6407009271831

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.472
    Latitude
    40.6017
    CBSA code
    10900
    CBSA name
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $69,633
    $295,800
    $1,776,600
    $2,072,400
    -
    $295,800
    $1,776,600
    $2,072,400

    Comparable in this City

    • Value Estimation by Request
      3,018 SF

      1139 Hamilton St, Unit 1149

      FINANCIAL BUILDING • 3,018 SF
      1139 Hamilton St, Allentown, PA 18101-1014
      View Details
    • Value Estimation by Request
      6,003 SF

      1031 Hamilton St

      RETAIL STORES (PERSONAL SERVICES) • 6,003 SF
      1031 Hamilton St, Allentown, PA 18101-1012
      View Details
    • Value Estimation
      $670,000
      6,891 SF

      147 7th St

      RETAIL STORES (PERSONAL SERVICES) • 6,891 SF
      147 7th St, Allentown, PA 18101-1331
      View Details
    • Value Estimation by Request
      3,840 SF

      42-44 5th St

      CONVENIENCE STORE • 3,840 SF
      42-44 5th St, Allentown, PA 18101
      View Details
    • Value Estimation
      $1,550,000
      17,650 SF

      146-148 7th St

      RETAIL STORES (PERSONAL SERVICES) • 17,650 SF
      146-148 7th St, Allentown, PA 18101
      View Details
    • Value Estimation
      $1,375,000
      11,158 SF

      915-919 Hamilton St

      RETAIL STORES (PERSONAL SERVICES) • 11,158 SF
      915-919 Hamilton St, Allentown, PA 18101
      View Details

    Similar Nearby for Sale

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      Prime Redevelopment Site in Allentown

      Nearly half-acre corner lot suitable for major redevelopment project.
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      Established Full-Service Salon Business

      Profitable salon business for sale with loyal client base.
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    Similar Nearby for Lease

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      Allentown Retail or Office Space

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      1,400 SF

      Retail Space in Bustling Location

      Retail space with high visibility and ample parking available for rent.
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    • Contact for pricing
      1,400 SF

      Allentown Retail Space For Lease

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      Allentown City Commercial Space Available

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    • $18 SF/Yr
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      Allentown Commercial Property Near Downtown

      Commercial property near downtown Allentown with high visibility and traffic.
      1122 W Hamilton St, Allentown, PA 18101
      View Details
    • Contact for pricing

      Class A Office Building

      LEED Gold certified office building in downtown Allentown.
      835 Hamilton St, Allentown, PA 18101
      View Details
    View Listing
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    Allentown, PA 18101
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    702 Hamilton St, Allentown, PA, 18101

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