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Property profile & analytics
OFF-MARKET
Estimated value
$16,045,000
Distribution centers
7529 Morris Ct Allentown, PA 18106-9226
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US73-3066408
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1998
Total area
324,225 SF
Lot
18.7 ac (814,572 SF)
Zoning code
LI
APN
546546692924-1
UPID
US73-3066408
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
-
K W Plastics Factory Production Facility
-
Behr Process Corporation Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.05M
Owner & transaction history
Icon Owner Pool 2 West Of Northea · 11 yrs held
Icon Owner Pool 2 West Of Northea
since 2015
7 recorded transactions
Zoning & alternative use
LI · 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
$49 / 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
$304,070
Tax year 2024
Assessed value
$14,604,700
Assessed 2024
Previous assessed
$14,604,700
+0.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$2,243,900
Assessed improvement
$12,360,800
Land market value
$2,243,900
Improvement market value
$12,360,800
Total market value
$14,604,700
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
1998
Heating
SPACE
Cooling
YES
Stories
1
Total area
324,225 SF
Lot
18.7 ac (814,572 SF)
Zoning code
LI
APN
546546692924-1
UPID
US73-3066408
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.
Building & site characteristics
From public records
Year built
1998
Heating
SPACE
Cooling
Yes
Stories
1
Lot
18.7 ac
Current owner
From public records · entity-resolved
Icon Owner Pool 2 West Of Northea
Individual
Mailing address
PO BOX 2980, CHICAGO, IL 60690-2980
Ownership since
2015
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
Mar 15, 2024
—
Icon Owner Pool 2 West Northeast Mi
—
Deed
related
$235,000,000 · Wells Fargo Bank NA
Oct 2, 2019
—
Icon Owner Pool 2 West Of Northea
—
Grant Deed
related
—
Sep 13, 2017
—
Icon Owner Pool 2 West Of Northea
—
Deed
related
$382,000 · Miscellaneous Ins Co
May 15, 2015
$19,115,333
Icon Owner Pool 2 West Of Northea
Bre Of Us Industrial Props LLC
Grant Deed
related
—
Mar 10, 2015
$2,718,854
Icon Owner Pool 2 West Of Northea
Bre Of Us Industrial Props LLC
Grant Deed
—
Dec 3, 2010
$16,106,973
Bre Of Us Industrial Props LLC
Prologis Six Rivers LP
Grant Deed
—
Sep 29, 2004
$2,164,730
Properties Mcbride
Keystone Mbp
Grant Deed
—
Sep 29, 2004
$2,143,100
Keystone Operating Ptshp
Keystone Property Trust
Grant Deed
related
—
Sep 29, 2004
—
Keystone Operating Ptshp
Mcbride Properties
Grant Deed
related
—
—
—
Icon Owner Pool 2 West Of Northea
—
Deed Of Trust
related
$382,000 · Miscellaneous Ins Co
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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