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Property profile & analytics
FOR LEASE
Industrial properties
941 Marcon Blvd Allentown, PA 18109
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1199652
For Lease
1 / 12
$2,075,000
941 Marcon Blvd, Allentown, PA 18109
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Property summary
AI-generated overview
This exceptional 27,520 square foot Class A office building, constructed in 2006, presents a unique opportunity for businesses seeking a blend of creative office space and flexible warehouse functionality. Located at 941 Marcon Boulevard in Allentown, Pennsylvania (zip code 18109), this single-story building sits on a generous 3.739-acre lot (162,870 square feet) and boasts a building floor area ratio (FAR) of 0.17. Currently, there are two suites available, totaling 10,797 square feet of vacant space. The property is zoned PIO (Planned Industrial Office) and features 3-phase power, making it suitable for a variety of businesses. The building's design caters to companies needing both well-maintained office spaces for daily operations and the added convenience of secure indoor parking or storage for materials, equipment, or inventory. This prime location offers easy access to Airport Road, providing excellent accessibility and visibility. The Lehigh County property (APN 640885939632) is an ideal solution for businesses requiring a versatile and efficient workspace.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2006
Total area
27,520 SF
Lot
3.74 ac (162,871 SF)
Zoning code
PIO
APN
640885939632-1
UPID
US73-1199652
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
-
Coldwell Banker Commercial Feist & Feist Realty Corp. Real Estate Agency
-
Digirad Imaging Solutions Inc Medical Clinic
-
Colliers Engineering & Design Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.91M
Comparable Approach
Comparable
$2.33M
Blend (final)
Blend
$2.08M
Owner & transaction history
Hefco LLC · 9 yrs held
Hefco LLC
since 2016
3 recorded transactions
Zoning & alternative use
PIO · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.4M
+64.2%
Apartment house (5+ units)
$3.0M
+44.8%
Retail stores
$2.8M
+36.9%
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%
$2,065,000
6.5%
$1,905,000
7%
$1,770,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,075,000
Current use
COMMERCIAL (GENERAL)
$3,410,000
Change: +64% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,005,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$2,840,000
Change: +37% · Conversion: Moderate
Blend value · Realmo final
$2.08M
Range $1.87M – $2.28M · ±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
$75 / 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
$54,903
Tax year 2024
Assessed value
$2,230,500
Assessed 2024
Previous assessed
$2,230,500
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$373,900
Assessed improvement
$1,856,600
Land market value
$373,900
Improvement market value
$1,856,600
Total market value
$2,230,500
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
2006
Heating
SPACE
Stories
1
Total area
27,520 SF
Lot
3.74 ac (162,871 SF)
Zoning code
PIO
APN
640885939632-1
UPID
US73-1199652
Jurisdiction
LEHIGH
Zoning & alternative use
PIO · Allentown, PA
Zoning PIO · permitted uses
PIO · 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
$2.1M
COMMERCIAL (GENERAL)
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
RETAIL STORES
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2006
Heating
SPACE
Stories
1
Lot
3.74 ac
Current owner
From public records · entity-resolved
Hefco LLC
Entity
Mailing address
266 KING GEORGE RD STE B2, WARREN, NJ 07059-5187
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2016
—
Hefco LLC
—
Deed
related
$1,949,900 · Lakeland Bk
—
—
Hefco LLC
—
Deed Of Trust
related
$2,500,000 · Webster Bank
—
—
Hefco LLC
—
Deed Of Trust
related
$1,949,900 · Lakeland Bk
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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