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Property profile & analytics
OFF-MARKET
Estimated value
$9,620,000
Assisted living facilities
801 Wahneta St Allentown, PA 18109-2454
Entity Owned
4-yr Hold
Free & Clear
Property ID
US73-1396955
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1966
Total area
79,246 SF
Lot
1.26 ac (54,798 SF)
Zoning code
B-3
APN
641748717451-2
UPID
US73-1396955
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.62M
Owner & transaction history
Riverton Property LLC · 4 yrs held
Riverton Property LLC
since 2021
Last sale
$9.0M
1 recorded transaction
Zoning & alternative use
B-3 · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.6M
+283.1%
Apartment house (5+ units)
$10.6M
+250.3%
Restaurant
$9.1M
+202.8%
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
$9,985,000
ML approach
$10,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$11,570,000
Change: +283% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$10,575,000
Change: +250% · Conversion: Difficult
RESTAURANT
$9,145,000
Change: +203% · Conversion: Difficult
MEDICAL BUILDING
$8,565,000
Change: +184% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,090,000
Change: +168% · Conversion: Difficult
OFFICE BUILDING
$7,865,000
Change: +160% · Conversion: Difficult
RETAIL STORES
$6,280,000
Change: +108% · Conversion: Difficult
Blend value · Realmo final
$9.62M
Range $8.66M – $10.58M · ±10% · vs last sale $9.03M (Oct 14 2021)
Last sale anchor
$9.03M
Oct 14 2021
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
$121 / 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
$132,988
Tax year 2024
Assessed value
$3,874,800
Assessed 2024
Previous assessed
$6,542,800
-40.8% YoY
Effective rate
3.43%
On assessed value
Assessed land
$699,500
Assessed improvement
$3,175,300
Land market value
$699,500
Improvement market value
$3,175,300
Total market value
$3,874,800
Applied tax rate
15.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1966
Heating
YES
Cooling
YES
Buildings
2
Stories
5
Units
69
Total area
79,246 SF
Lot
1.26 ac (54,798 SF)
Zoning code
B-3
APN
641748717451-2
UPID
US73-1396955
Jurisdiction
LEHIGH
Zoning & alternative use
B-3 · Allentown, PA
Zoning B-3 · permitted uses
B-3 · 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
COMMERCIAL (GENERAL)
Est. value
$11.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.6M
RESTAURANT
Est. value
$9.1M
MEDICAL BUILDING
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$8.1M
OFFICE BUILDING
Est. value
$7.9M
RETAIL STORES
Est. value
$6.3M
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1966
Heating
YES
Cooling
Yes
Stories
5
Buildings
2
Units
69
Lot
1.26 ac
Current owner
From public records · entity-resolved
Riverton Property LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1608 RTE 88TH STE #301, BRICK, NJ 08724-3009
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2021
$9,030,000
Riverton Property LLC
Presbyterian Homes INC
Deed
—
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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