Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    732 16th St, Unit 738 Allentown, PA 18102-1226
    Back to Search
    Property profile & analytics

    732 16th St, Unit 738, Allentown, PA 18102-1226

    View on Map
    • Manufacturing properties
    • 42,119 SF
    • 0.69 lot acres
    Off-Market
    Last Sale Feb 9, 2022
    $1,300,000
    Property ID
    US73-2880680
    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
    $1,370,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Amazing liquidation / Liquidator / Department Store
    • Polymer Contours, Inc. / Factory / Production Facility

    Property Details for 732 16th St

    Year built
    1953
    Lot size
    0.69 lot acres
    Zone code
    B/LI
    Property type
    Manufacturing properties
    APN
    549742309835-1
    APU
    5497423098351

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 1, 2024 — Rst2 Holdings LLC — Deed · related $1.5M · Penn Community Bank
    Feb 9, 2022 $1,300,000 Rst2 Holdings LLC Z & M Realty Management LLC Deed $1.5M · Berkshire Bank
    Feb 9, 2022 $900,000 Z & M Realty Management LLC Wiener Enterprises LP Deed —
    — — Ents LP Wiener — Deed Of Trust · related $100k · Knbt
    — — Ents Wiener — Deed Of Trust · related $200k · Knbt
    — — Ents LP Wiener — Deed Of Trust · related $200k · Knbt

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,495,000
      ML approach
      $1,435,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,326,000
      Market price range: $848k - $2.02M

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

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4955
    Latitude
    40.6073
    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
    $32,811
    $278,700
    $611,700
    $890,400
    -
    $278,700
    $611,700
    $890,400

    Comparable in this City

    • Value Estimation
      $1,290,000
      34,645 SF

      1231 Grn St, Unit 1249

      MANUFACTURING (LIGHT)
      1231 Grn St, Allentown, PA 18102-1332
      View Details
    • Value Estimation
      $840,000
      14,843 SF

      514 Madison St, Unit 528

      MANUFACTURING (LIGHT)
      514 Madison St, Allentown, PA 18102-2131
      View Details
    • Value Estimation
      $1,535,000
      93,064 SF

      827 Mdw St

      MANUFACTURING (LIGHT)
      827 Mdw St, Allentown, PA 18102-1848
      View Details
    • Value Estimation by Request
      3,576 SF

      711 Turner St

      MANUFACTURING (LIGHT)
      711 Turner St, Allentown, PA 18102
      View Details
    • Value Estimation by Request
      936 SF

      640 2nd St

      MANUFACTURING (LIGHT)
      640 2nd St, Allentown, PA 18102-2504
      View Details
    • Value Estimation
      $1,580,000
      33,062 SF

      302-320 Cedar St

      MANUFACTURING (LIGHT)
      302-320 Cedar St, Allentown, PA 18102
      View Details

    Similar Nearby for Sale

    • $2,350,000

      Allentown Industrial/Mfg Opportunity

      42,000 SF industrial property with food-grade production facility.
      737 W Green St, Allentown, PA 18102
      View Details
    • $2,350,000

      Allentown Industrial/Mfg Opportunity

      42,000 SF industrial property in Allentown, PA for sale.
      737 W Green St, Allentown, PA 18102
      View Details
    • $1,400,000
      15,844 SF

      Fully-Leased Industrial Investment Property

      15,467 SF industrial building, 100% leased, $121,000 gross income.
      365 Whitehall St, Allentown, PA 18102
      View Details
    • Contact for pricing

      Adaptable Industrial Building For Sale

      Industrial building with I-2 zoning, tailgate and drive-in loading.
      313 W Gordon St, Allentown, PA 18102
      View Details
    • $549,000
      0.47 Acres

      Allentown City Light Industrial Land

      Approved 0.47 acre light industrial development site in Allentown, PA.
      750 N 14Th St, Allentown, PA 18102
      View Details
    • Contact for pricing
      0.06 Acres

      Allentown Retail Space For Lease

      Prime Allentown Retail, High Visibility
      402 Ridge Ave, Allentown, PA 18102
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr

      Allentown Industrial Building For Lease

      36,260 SF industrial building available for lease in Allentown.
      801 W Greenleaf St, Allentown, PA 18102
      View Details
    • $1,200 /Mo
      3,964 SF

      Allentown City Commercial Flex Space

      Versatile 4,000 sq ft commercial space for lease.
      637 N Lumber St, Allentown, PA 18102
      View Details
    • $9 SF/Yr
      44,997 SF

      Allentown City Commercial Opportunity

      Former self-storage facility suitable for warehouse or mixed-use development.
      615 N New St, Allentown, PA 18102
      View Details
    • New
      $12 SF/Yr
      7,187 SF

      Warehouse and Office Flex Space

      Lease a two-level layout with warehouse area below and three private offices upstairs, plus a drive-in bay door.
      921 W Washington St, Allentown, PA 18102
      View Details
    • Contact for pricing
      36,260 SF

      Allentown Industrial Flex Space Available

      Two-story industrial building with warehouse and office space for lease.
      801-811 W Greenleaf St, Allentown, PA 18102
      View Details
    • Contact for pricing
      100,000 SF

      Available Warehouse Space For Lease

      Up to 100,000 SF warehouse space available for lease.
      1 Pump Pl, Allentown, PA 18102
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    732 16th St, Unit 738
    Allentown, PA 18102-1226
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    732 16th St, Allentown, PA, 18102
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!