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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7562 Penn Dr Allentown, PA 18106-9010

    • Industrial properties
    • 27,000 SF
    • 3.01 lot acres
    OFF-MARKET
    Last Sale
    Jan 10, 2024
    $3,344,444
    Value Estimations
    $3,345,000
    Show details
    Cap Rate Potential
    3.6%
    Industrial properties
    Location Intelligence
    Property ID
    US73-1675777
    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

    • F13 Performance / Gym
    • Atlantic Crane Inc / Crane Service
    • Speedy's Cash For Cars / Junk Dealer / Auto Wrecker
    • Eden Air Purifiers / Air Filter Supplier
    • Lithko Contracting, LLC / Concrete Contractor

    Property Details for 7562 Penn Dr

    Year built
    1989
    Lot size
    3.01 lot acres
    Property size
    27,000 SF
    Zone code
    LI
    Property type
    Industrial properties
    APN
    546610038693-1
    APU
    5466100386931

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,345,000
      ML approach
      $3,345,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,527,000
      Market price range: $1.01M - $3.18M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,035,000
      Current use
      RESTAURANT
      $5,235,000
      Change: +157% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $5,130,000
      Change: +152% Conversion: Easy
      OFFICE BUILDING
      $3,590,000
      Change: +76% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,345,000
      Change: +64% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $3,105,000
      Change: +52% Conversion: Difficult
      RETAIL STORES
      $3,000,000
      Change: +47% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.6165
    Latitude
    40.5774
    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
    $39,541
    $360,600
    $1,538,600
    $1,899,200
    -
    $360,600
    $1,538,600
    $1,899,200

    Comparable in this City

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      39,902 SF

      7020 Snowdrift Rd

      INDUSTRIAL (GENERAL) • 39,902 SF
      7020 Snowdrift Rd, Allentown, PA 18106-9203
      View Details
    • Value Estimation
      $10,910,000
      153,236 SF

      7520 Morris Ct

      INDUSTRIAL (GENERAL) • 153,236 SF
      7520 Morris Ct, Allentown, PA 18106-9236
      View Details
    • Value Estimation
      $5,295,000
      43,440 SF

      7355 William Ave

      INDUSTRIAL (GENERAL) • 43,440 SF
      7355 William Ave, Allentown, PA 18106-9336
      View Details
    • Value Estimation
      $4,580,000
      40,944 SF

      7310 Tilghman St

      INDUSTRIAL (GENERAL) • 40,944 SF
      7310 Tilghman St, Allentown, PA 18106-9038
      View Details
    • Value Estimation
      $1,510,000
      12,911 SF

      7462 Penn Dr

      INDUSTRIAL (GENERAL) • 12,911 SF
      7462 Penn Dr, Allentown, PA 18106-9007
      View Details
    • Value Estimation
      $7,925,000
      1,534 SF

      617 Krocks Rd

      INDUSTRIAL (GENERAL) • 1,534 SF
      617 Krocks Rd, Allentown, PA 18106
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      39,827 SF

      Allentown Industrial Warehouse For Sale/Lease

      Class A Warehouse, 39,827 SF, Shovel-Ready
      1001 Glenlivet Dr, Allentown, PA 18106
      View Details
    • $199,900
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      Improved Commercial Lot Near Highways

      Light industrial/commercial lot with recent improvements near major highways.
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      4 SF

      Proposed Class A Warehouse

      Proposed 39,827 SF Class A warehouse for sale or lease.
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    • $2,500,000
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      Prime Retail Land Opportunity

      Land available in a high-traffic retail corridor.
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    • $1,600,000
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      Private Lot in Parkland School

      42.3+ acre lot with views in Parkland School District.
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      7,884 SF

      Allentown Retail/Office Opportunity

      Located in Hamilton Crossings, ideal for office or medical use.
      5392 Hamilton Blvd, Allentown, PA 18106
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      70,000 SF

      Allentown Industrial Warehouse

      70,000 SF Warehouse, 6.7 Acres
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    • Contact for pricing
      40,964 SF

      Lehigh Valley Flex Space

      Class A flex space in the heart of Lehigh Valley.
      7035 Schantz Rd, Allentown, PA 18106
      View Details
    • Contact for pricing
      70,000 SF

      Industrial Build-to-Suit Opportunity

      Industrial build-to-suit or truck parking/outdoor storage opportunity in Allentown, PA.
      1050 Mill Rd, Allentown, PA 18106
      View Details
    • Contact for pricing
      41,040 SF

      Allentown Flex Space - 41,040 SF

      Large Flex/Office Building, Allentown, PA
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    • Contact for pricing
      90,700 SF

      Allentown Warehouse - 90,700 SF

      Modern Lehigh County distribution warehouse, ready for occupancy.
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      View Details
    • Contact for pricing
      69,000 SF

      Industrial Building for Lease

      Single-story industrial building suitable for warehouse, distribution, and office use.
      6390 Hedgewood Dr, Allentown, PA 18106
      View Details
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    Allentown, PA 18106-9010
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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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