958 Krocks Rd Allentown, PA 18106-9798
Property profile & analytics
958 Krocks Rd Allentown, PA 18106-9798
- Drug stores
- 9,184 SF
- 1.17 lot acres
Property ID
US73-6001999
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.
Location Intelligence
Current Use by Public Records
- CVS Photo / (Bike/Boat/Book/etc) Store
- CVS / Pharmacy
- Santander Bank ATM / Atm
- CDReload - Online Bitcoin ATM / Atm / Crypto Atm
- CVS Pharmacy / Pharmacy
Property Details for 958 Krocks Rd
- Year built
- 1998
- Lot size
- 1.17 lot acres
- Property size
- 9,184 SF
- Zone code
- C
- Property type
- Drug stores
- APN
- 547544716255-1
- APU
- 5475447162551
Description
This exceptional investment opportunity presents a 9,184 square foot CVS Pharmacy in Allentown, PA, under a corporate-guaranteed net lease with a remaining term of 8.2 years and a 4-year option with an 18% rent increase. The property, built in 1998, sits on a 1.17-acre lot with 41 parking spaces and boasts a prime location on S. Krocks Road and Hamilton Boulevard, benefiting from high daily traffic counts of 4,678 and 12,875 vehicles respectively. The property features a drive-thru pharmacy and is situated in a thriving retail corridor with strong demographics, including over 368,000 residents and over 142,000 households within a 10-mile radius, and an average household income exceeding $95,000. The property generates a substantial net operating income (NOI) of $195,495, representing a 5.35% cap rate. The asking price is $3,654,112, translating to $397.88 per square foot. The lease commenced on November 30, 1997, and is set to expire on January 30, 2033. The property is zoned C and features a signaled corner location, providing excellent visibility and accessibility. This is a rare opportunity to acquire a stable, high-performing asset with significant upside potential due to the lease option. The property's proximity to Lehigh Valley International Airport (a 17-minute drive) further enhances its strategic value. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment for discerning buyers. The minimal landlord responsibilities associated with the net lease structure contribute to the property's overall appeal.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,422,000
Market price range: $657k - $1.54M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,020,000 Current use
- AUTO REPAIR, GARAGE
- $1,745,000 Change: +71% Conversion: Difficult
- OFFICE BUILDING
- $1,220,000 Change: +20% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,135,000 Change: +11% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $1,055,000 Change: +3% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Allentown
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.5678
- Latitude
- 40.5593
- 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
$38,905
$483,300
$1,091,800
$1,575,100
-
$483,300
$1,091,800
$1,575,100
