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Property profile & analytics
OFF-MARKET
Estimated value
$17,905,000
High-rise multifamily apartments
777 Walnut St Allentown, PA 18101-2268
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-3741346
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2019
Total area
118,721 SF
Lot
1.28 ac (55,670 SF)
Zoning code
B-2
APN
640609897577-1
UPID
US73-3741346
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
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Center Square Lofts West Apartment Complex
-
8th and Walnut Deck Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.86M
Comparable Approach
Comparable
$19.64M
Blend (final)
Blend
$17.91M
Owner & transaction history
Center Square Lofts Op LP · 6 yrs held
Center Square Lofts Op LP
since 2019
7 recorded transactions
Zoning & alternative use
B-2 · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$25.4M
+79.8%
Restaurant
$23.0M
+62.9%
Auto repair, garage
$22.6M
+59.6%
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%
$18,255,000
6.5%
$16,855,000
7%
$15,650,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$14,135,000
Current use
MEDICAL BUILDING
$25,405,000
Change: +80% · Conversion: Moderate
RESTAURANT
$23,025,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$22,565,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,285,000
Change: +15% · Conversion: Moderate
OFFICE BUILDING
$15,785,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$13,190,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$17.91M
Range $16.11M – $19.70M · ±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
$151 / 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
$412,699
Tax year 2024
Assessed value
$13,125,400
Assessed 2024
Previous assessed
$13,125,400
+0.0% YoY
Effective rate
3.14%
On assessed value
Assessed land
$389,800
Assessed improvement
$12,735,600
Land market value
$389,800
Improvement market value
$12,735,600
Total market value
$13,125,400
Applied tax rate
3.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2019
Heating
YES
Cooling
YES
Buildings
2
Stories
5
Units
95
Total area
118,721 SF
Lot
1.28 ac (55,670 SF)
Zoning code
B-2
APN
640609897577-1
UPID
US73-3741346
Jurisdiction
LEHIGH
Zoning & alternative use
B-2 · Allentown, PA
Zoning B-2 · permitted uses
B-2 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$14.1M
MEDICAL BUILDING
Est. value
$25.4M
RESTAURANT
Est. value
$23.0M
AUTO REPAIR, GARAGE
Est. value
$22.6M
COMMERCIAL (GENERAL)
Est. value
$16.3M
OFFICE BUILDING
Est. value
$15.8M
RETAIL STORES
Est. value
$13.2M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
2019
Heating
YES
Cooling
Yes
Stories
5
Buildings
2
Units
95
Lot
1.28 ac
Current owner
From public records · entity-resolved
Center Square Lofts Op LP
Entity
Mailing address
645 HAMILTON ST STE #600, ALLENTOWN, PA 18101-2194
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2021
—
Center Square Lofts Op LP
—
Deed
related
$78,000,000 · Protective Life Insurance Co
Nov 7, 2019
$463,862
Center Square Lofts Op LP
Five City Center Op LP
Grant Deed
—
Dec 28, 2018
—
Five City Center Op LP
—
Grant Deed
related
$125,000,000 · M&t Bk
Apr 27, 2018
$599
Five Citye Center Op LP
East Penn Real Estate INC
Grant Deed
—
Jul 27, 2011
$300,000
East Penn Real Estate INC
Mygrain LLC
Grant Deed
—
Aug 3, 2009
$60,000
Mygrain LLC
Allentown Coml & Indl Dev Au
Grant Deed
$57,000 · Neffs National Bank
—
—
Mygrain LLC
—
Deed Of Trust
related
$57,338 · Neffs National Bank
—
—
Mygrain LLC
—
Deed Of Trust
related
$57,000 · Neffs National Bank
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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