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    Property profile & analytics

    702 Hamilton St Allentown, PA 18101

    • Banks
    • 49,815 SF
    • 0.68 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    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.

    Current Use by Public Records

    • Chimney Sweep & Repair Pro Allentown / Chimney Sweep / Masonry Contractor
    • Cheap Hamilton Car / Kia Dealer
    • MVP Payday Loans / Loan Agency
    • Hamilton Cheap Car Insurances Allentown / Insurance Agency / Auto 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

      Method
      Estimation
      ML approach
      $1,005,000

    Get a detailed, property-specific valuation — 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
      $390,000
      3,018 SF

      1139 Hamilton St, Unit 1149

      FINANCIAL BUILDING • 3,018 SF
      1139 Hamilton St, Allentown, PA 18101-1014
      View Details
    • Value Estimation
      $280,000
      640 SF

      138 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 640 SF
      138 2nd St, Allentown, PA 18101-1937
      View Details
    • Value Estimation
      $1,620,000
      7,335 SF

      101-103 8th St

      RETAIL STORES (PERSONAL SERVICES) • 7,335 SF
      101-103 8th St, Allentown, PA 18101
      View Details
    • Value Estimation
      $695,000
      9,712 SF

      1125-1127 Hamilton St

      RETAIL STORES (PERSONAL SERVICES) • 9,712 SF
      1125-1127 Hamilton St, Allentown, PA 18101
      View Details
    • Value Estimation
      $280,000
      3,780 SF

      347 Hamilton St

      RETAIL STORES (PERSONAL SERVICES) • 3,780 SF
      347 Hamilton St, Allentown, PA 18101-1819
      View Details
    • Value Estimation
      $425,000
      2,588 SF

      34 2nd St, Unit 48

      GROCERY, SUPERMARKET • 2,588 SF
      34 2nd St, Allentown, PA 18101-1933
      View Details

    Similar Nearby for Sale

    • $4,300,000
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      Allentown Redevelopment Opportunity For Sale

      Two commercial buildings in downtown Allentown, PA, for sale.
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    • $425,000

      Profitable Locksmith Business Opportunity

      Established locksmith business for sale in Lehigh Valley location.
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      5,070 SF

      Prime Downtown Location in Allentown

      Renovated retail/office space in a high-traffic downtown location.
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    • $1,400,000
      6,536 SF

      Allentown Redevelopment Opportunity in NIZ

      6,536 SF building in Allentown's NIZ district for sale.
      911 W Hamilton St, Allentown, PA 18101
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    • $79,900

      Allentown Storefront Salon Business

      Established Salon, Loyal Clientele, Great Location
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    • $799,000
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      Commercial Property Near Downtown Allentown

      Well-located commercial property suitable for various uses near downtown.
      1122 W Hamilton St, Allentown, PA 18101
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    Similar Nearby for Lease

    • $1,800 /Mo
      3,550 SF

      Allentown Retail or Office Space

      First floor retail/office space in Allentown's NIZ zone.
      962 W Hamilton St, Allentown, PA 18101
      View Details
    • $18 SF/Yr
      1,400 SF

      Retail Space in Bustling Location

      Retail space with high visibility and ample parking available for rent.
      201 Hamilton St, Allentown, PA 18101
      View Details
    • $18 SF/Yr
      4,269 SF

      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
      1,400 SF

      Allentown Retail Space For Lease

      Retail space available in well-located, Walmart-anchored shopping center.
      1042 Millcreek Rd, Allentown, PA 18101
      View Details
    • $460 /Mo

      Downtown Allentown Office Space Available

      Affordable, flexible office spaces in revitalized downtown Allentown.
      931 W Hamilton St Unit, Allentown, PA 18101
      View Details
    • $450 /Mo

      Downtown Allentown Office Space Available

      Affordable office spaces with shared amenities in revitalized downtown Allentown.
      931 W Hamilton St Unit, Allentown, PA 18101
      View Details
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    702 Hamilton St
    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.

    More about this property
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