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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Distribution centers
948 Frnt St Allentown, PA 18102-1912
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0091133
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1937
Total area
4,901 SF
Lot
2.73 ac (118,701 SF)
Zoning code
R-M
APN
640736152773-1
UPID
US73-0091133
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
$645k
CAP Approach
CAP
$465k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$610k
Owner & transaction history
948 N Front LLC · 4 yrs held
948 N Front LLC
since 2021
Last sale
$580,000
7 recorded transactions
Zoning & alternative use
R-M · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$930,000
+320.5%
Office building
$515,000
+133.1%
Commercial (general)
$495,000
+124.2%
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
$780,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
$505,000
6.5%
$465,000
7%
$435,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$930,000
Change: +320% · Conversion: Easy
OFFICE BUILDING
$515,000
Change: +133% · Conversion: Difficult
COMMERCIAL (GENERAL)
$495,000
Change: +124% · Conversion: Difficult
RETAIL STORES
$465,000
Change: +110% · Conversion: Moderate
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $580k (Oct 7 2021)
Last sale anchor
$580k
Oct 7 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
$124 / 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
$5,795
Tax year 2024
Assessed value
$133,800
Assessed 2024
Previous assessed
$133,800
+0.0% YoY
Effective rate
4.33%
On assessed value
Assessed land
$87,200
Assessed improvement
$46,600
Land market value
$87,200
Improvement market value
$46,600
Total market value
$133,800
Applied tax rate
6.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1937
Heating
YES
Cooling
YES
Stories
1
Total area
4,901 SF
Lot
2.73 ac (118,701 SF)
Zoning code
R-M
APN
640736152773-1
UPID
US73-0091133
Jurisdiction
LEHIGH
Zoning & alternative use
R-M · Allentown, PA
Zoning R-M · permitted uses
R-M · 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
AUTO REPAIR, GARAGE
Est. value
$930,000
OFFICE BUILDING
Est. value
$515,000
COMMERCIAL (GENERAL)
Est. value
$495,000
RETAIL STORES
Est. value
$465,000
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1937
Heating
YES
Cooling
Yes
Stories
1
Lot
2.73 ac
Current owner
From public records · entity-resolved
948 N Front LLC
Entity
Mailing address
1150 1ST AVE STE #511, KING OF PRUSSIA, PA 19406-1316
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2024
—
Front LLC
—
Deed
related
$440,000 · First Keystone Community Bank
Jul 24, 2024
—
948 N Front LLC
—
Deed
related
$4,263,000 · First Keystone Community Bank
Oct 7, 2021
$580,000
948 N Front LLC
Front Development LLC
Deed
—
Nov 3, 2017
$135,000
Front Dev LLC
Pinto Real Est Developersllc
Grant Deed
—
Dec 1, 2016
$90,000
Pinto R & E Developers LLC
Gordon Road Associates LLC
Grant Deed
—
May 11, 2007
$360,000
Gordon Road Associates LLC
Brookside Realty INC
Grant Deed
—
May 3, 2005
—
Brookside Realty INC
Brookside Realty INC
Quit Claim Deed
related
—
—
—
Brookside Realty INC
—
Deed Of Trust
related
$217,000 · First Star Savings 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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