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Property profile & analytics
FOR LEASE
Industrial properties
7566 Morris Ct Allentown, PA 18106
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US73-2482501
For Lease
1 / 3
$6,405,000
7566 Morris Ct, Allentown, PA 18106
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1991
Total area
111,444 SF
Lot
8.13 ac (354,186 SF)
Zoning code
LI
APN
546536335551-1
UPID
US73-2482501
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
-
DHL Express Service Point Allentown Courier Service Postal Service
-
Gold Medal Products Co. - Mid Atlantic Big Box & Wholesale Store Food Market
-
Lehigh County Wastewater Treatment Facility Water Treatment Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.72M
Comparable Approach
Comparable
$6.68M
Blend (final)
Blend
$6.41M
Owner & transaction history
Iit Lehigh Valley Dc LLC · 14 yrs held
Iit Lehigh Valley Dc LLC
since 2012
5 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,360,000
6.5%
$7,715,000
7%
$7,165,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,405,000
Current use
Blend value · Realmo final
$6.41M
Range $5.76M – $7.05M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$57 / 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
$104,516
Tax year 2024
Assessed value
$5,020,000
Assessed 2024
Previous assessed
$5,020,000
+0.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$975,700
Assessed improvement
$4,044,300
Land market value
$975,700
Improvement market value
$4,044,300
Total market value
$5,020,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1991
Heating
SPACE
Stories
1
Total area
111,444 SF
Lot
8.13 ac (354,186 SF)
Zoning code
LI
APN
546536335551-1
UPID
US73-2482501
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$8.4M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Heating
SPACE
Stories
1
Lot
8.13 ac
Current owner
From public records · entity-resolved
Iit Lehigh Valley Dc LLC
Entity
Mailing address
PO BOX 2980, CHICAGO, IL 60690-2980
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2019
—
Western Lehigh Valley Dc LLC
—
Grant Deed
related
—
Mar 30, 2012
$6,725,000
Iit Lehigh Valley Dc LLC
Kpjv 7566 Morris Court LP
Grant Deed
—
Feb 8, 2005
—
7566 Morris Court Kpjv
—
Deed Of Trust
related
$16,000,000 · Prudential Insurance Co
Dec 31, 2001
$5,337,670
Keystone New Jersey LP
Westpark Acquisition Co INC
Grant Deed
—
—
—
Iit Indianapolis Dc LLC
—
Deed Of Trust
related
$82,350,000 · Metropolitan Life Insurance
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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