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Property profile & analytics
OFF-MARKET
Estimated value
$2,440,000
Industrial properties
997 Postal Rd Allentown, PA 18109-9337
Entity Owned
Free & Clear
Property ID
US73-1954350
Property summary
AI-generated overview
This 38,400-square-foot industrial property, located at 997 Postal Road in Allentown, Pennsylvania (zip code 18109), offers a significant 24,020-square-foot vacant space ideal for warehouse and distribution operations. Built in 1988 and renovated in 2017, this single-story building sits on 3.9 acres of land and is zoned PIO. The available space includes 22,000 square feet of warehouse area and 2,020 square feet of office space. The office area features two exterior offices, one interior office, a spacious lobby/reception area, a kitchenette with storage, air conditioning, and two bathrooms. Warehouse features include a small shop/office, one bathroom, 21-foot clear ceilings, five loading docks, two drive-in doors, and suspended gas heat. The property also boasts 300-amp 208/240v 3-phase power and ample onsite parking. This highly visible property offers an extended lease term at a competitive NNN rate. The property's Assessor's Parcel Number (APN) is 641806088779.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Total area
38,400 SF
Lot
4.17 ac (181,776 SF)
Zoning code
PIO
APN
641806088779-1
UPID
US73-1954350
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
-
U.S. Customs and Border Protection Federal Government Office
-
Sun Industrial Supply Co Industrial Manufacturer Factory
-
ILKEM Marble and Granite Kitchen & Bath Showroom Hardware & Home Improvement
-
Becker Airport Services Landscaping General Contractor
-
Kabe amazon warehouse Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.66M
Comparable Approach
Comparable
$2.43M
Blend (final)
Blend
$2.44M
Owner & transaction history
LEHIGHNORTHAMPTON AIRPORT AUTHORITY
LEHIGHNORTHAMPTON AIRPORT AUTHORITY
Zoning & alternative use
PIO · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.0M
+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%
$2,880,000
6.5%
$2,660,000
7%
$2,470,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,895,000
Current use
RETAIL STORES
$3,965,000
Change: +37% · Conversion: Moderate
Blend value · Realmo final
$2.44M
Range $2.20M – $2.68M · ±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
$64 / 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
$14,299
Tax year 2024
Assessed value
$2,323,700
Assessed 2024
Previous assessed
$2,323,700
+0.0% YoY
Effective rate
0.62%
On assessed value
Assessed land
$375,300
Assessed improvement
$1,948,400
Land market value
$375,300
Improvement market value
$1,948,400
Total market value
$2,323,700
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
Off-Market
Year built
1988
Heating
YES
Cooling
YES
Stories
1
Total area
38,400 SF
Lot
4.17 ac (181,776 SF)
Zoning code
PIO
APN
641806088779-1
UPID
US73-1954350
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
$2.9M
RETAIL STORES
Est. value
$4.0M
INDUSTRIAL (GENERAL) Current
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
1988
Heating
YES
Cooling
Yes
Stories
1
Lot
4.17 ac
Current owner
From public records · entity-resolved
LEHIGHNORTHAMPTON AIRPORT AUTHORITY
Individual
Free & Clear · 0 yrs held
Mailing address
3311 AIRPORT RD, ALLENTOWN, PA 18109-3074
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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