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    Property profile & analytics

    911 W Hamilton St Allentown, PA 18101

    • Retail space
    • 6,536 SF
    • 0.12 lot acres
    For Sale
    View listing
    $1,400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1327323
    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

    • Allen smoke shop and convenience store / (Bike/Boat/Book/etc) Store
    • A1 Town Convenience Store / Grocery & Convenience Store

    Property Details for 911 W Hamilton St

    Year built
    1920
    Lot size
    0.12 lot acres
    Property size
    6,536 SF
    Zone code
    B-2
    Property type
    Retail space
    APN
    549790803965-1
    APU
    5497908039651

    Description

    This exceptional 6,536 square foot storefront property at 911 W Hamilton St in Allentown, Pennsylvania presents a compelling redevelopment opportunity. Located in Lehigh County (zip code 18101), this retail space sits on a 0.12-acre lot and offers three leasable floors with significant reconfiguration potential. The building boasts a 12-car paved parking lot, a significant advantage in a high-traffic area. Its prime location directly adjacent to the PPL tower places it within the heart of Allentown's thriving NIZ (New Investment Zone), surrounded by a burgeoning community. This area has experienced over a billion dollars in new development since the NIZ's inception, fueled by tax incentives that can significantly reduce debt service on financed construction improvements within the zone. The current building's proximity to 450 new apartments, 14,000+ office workers, and entertainment venues like the PPL Center ensures high visibility and strong potential for future tenants. While current plans envision a seven-story structure, the building's design allows for even greater vertical expansion. This property is ideal for business owners, investors, or developers seeking a high-impact project in a rapidly growing urban core. The asking price for this remarkable opportunity is $999,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $883,000
      Market price range: $467k - $1.10M
      AI Estimate
      $480,000
      Market price range: $265k - $538k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $725,000
      Current use
      COMMERCIAL (GENERAL)
      $895,000
      Change: +23% Conversion: Easy
      OFFICE BUILDING
      $870,000
      Change: +20% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $780,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4761
    Latitude
    40.6015
    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
    $11,052
    $40,500
    $292,400
    $332,900
    -
    $40,500
    $292,400
    $332,900

    Comparable in this City

    • Value Estimation by Request
      2,842 SF

      40 10th St

      RETAIL STORES (PERSONAL SERVICES) • 2,842 SF
      40 10th St, Allentown, PA 18101-1155
      View Details
    • Value Estimation by Request
      2,760 SF

      134-136 Rdg Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,760 SF
      134-136 Rdg Ave, Allentown, PA 18101
      View Details
    • Value Estimation
      $1,190,000
      6,930 SF

      140 7th St

      RETAIL STORES (PERSONAL SERVICES) • 6,930 SF
      140 7th St, Allentown, PA 18101-1336
      View Details
    • Value Estimation by Request
      4,604 SF

      807 Hamilton St

      RETAIL STORES (PERSONAL SERVICES) • 4,604 SF
      807 Hamilton St, Allentown, PA 18101-2411
      View Details
    • Value Estimation
      $755,000
      5,712 SF

      619-621 Hamilton St

      RETAIL STORES (PERSONAL SERVICES) • 5,712 SF
      619-621 Hamilton St, Allentown, PA 18101
      View Details
    • Value Estimation by Request
      5,548 SF

      728 Hamilton St

      RETAIL STORES (PERSONAL SERVICES) • 5,548 SF
      728 Hamilton St, Allentown, PA 18101-2413
      View Details

    Similar Nearby for Sale

    • $4,300,000
      Pending

      Allentown Redevelopment Opportunity For Sale

      Two commercial buildings in downtown Allentown, PA, for sale.
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      Allentown Redevelopment Opportunity in NIZ

      6,536 SF building in Allentown's NIZ district for sale.
      911 W Hamilton St, Allentown, PA 18101
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    • $799,000
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      Commercial Property Near Downtown Allentown

      Well-located commercial property suitable for various uses near downtown.
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    Similar Nearby for Lease

    • $1,800 /Mo
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      Allentown Retail or Office Space

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      View Details
    • $18 SF/Yr
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      Retail Space in Bustling Location

      Retail space with high visibility and ample parking available for rent.
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    • $18 SF/Yr
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      Allentown Commercial Property Near Downtown

      Commercial property near downtown Allentown with high visibility and traffic.
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    • New
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      Allentown City Commercial Space Available

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      Allentown Retail Space For Lease

      Retail space available in well-located, Walmart-anchored shopping center.
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    • $460 /Mo

      Downtown Allentown Office Space Available

      Affordable, flexible office spaces in revitalized downtown Allentown.
      931 W Hamilton St Unit, Allentown, PA 18101
      View Details
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    911 W Hamilton St
    Allentown, PA 18101
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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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