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    Property profile & analytics

    958 Krocks Rd Allentown, PA 18106-9798

    • Drug stores
    • 9,184 SF
    • 1.17 lot acres
    OFF-MARKET
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    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.

    Current Use by Public Records

    • CVS Photo / Photo Shop / Print Shop
    • CVS / Vitamin & Supplements Store / Drug Store
    • 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

    • AI approach

      Method
      Estimation
      ML approach
      $475,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $576,000
      Market price range: $118k - $635k

    Get a detailed, property-specific valuation — 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

    Comparable in this City

    • Value Estimation
      $735,000
      14,524 SF

      6822 Hamilton Blvd

      DRUG STORE, PHARMACY • 14,524 SF
      6822 Hamilton Blvd, Allentown, PA 18106-9644
      View Details
    • Value Estimation
      $970,000
      14,736 SF

      6379 Hamilton Blvd

      DRUG STORE, PHARMACY • 14,736 SF
      6379 Hamilton Blvd, Allentown, PA 18106-9554
      View Details
    • Value Estimation
      $500,000
      13,800 SF

      5531 Hamilton Blvd

      RETAIL STORES (PERSONAL SERVICES) • 13,800 SF
      5531 Hamilton Blvd, Wescosville, PA 18106-9102
      View Details
    • Value Estimation
      $325,000
      4,887 SF

      5202 Hamilton Blvd

      BARBER, HAIR SALON • 4,887 SF
      5202 Hamilton Blvd, Allentown, PA 18106-9107
      View Details
    • Value Estimation
      $310,000
      2,789 SF

      7614 Tilghman St

      FINANCIAL BUILDING • 2,789 SF
      7614 Tilghman St, Allentown, PA 18106-9340
      View Details
    • Value Estimation
      $455,000
      5,487 SF

      7627 Tilghman St

      FINANCIAL BUILDING • 5,487 SF
      7627 Tilghman St, Allentown, PA 18106-9345
      View Details

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    Similar Nearby for Lease

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      Retail Space in Allentown Center

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      Prime Allentown Office, 1437 SF
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      Allentown Restaurant Space for Lease

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    958 Krocks Rd
    Allentown, PA 18106-9798
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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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