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    997 Postal Rd Allentown, PA 18109
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    Property profile & analytics

    997 Postal Rd, Allentown, PA 18109

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    • Industrial properties
    • 38,400 SF
    • 4.17 lot acres
    For Lease
    $2,440,000
    View Listing →
    Allentown Industrial Flex Space Available For Lease
    $2,440,000
    24,020 SF

    Allentown Industrial Flex Space Available

    24,020 SF industrial flex space for lease in Allentown.

    997 Postal Rd, Allentown, PA 18109
    View Listing
    Property ID
    US73-1954350
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 997 Postal Rd

    Year built
    1988
    Lot size
    4.17 lot acres
    Zone code
    PIO
    Property type
    Industrial properties
    APN
    641806088779-1
    APU
    6418060887791

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,880,000
      6.5%
      $2,660,000
      7%
      $2,470,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,432,000
      Market price range: $841k - $3.50M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,895,000
      Current use
      RETAIL STORES
      $3,965,000
      Change: +37% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4381
    Latitude
    40.6468
    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
    $14,299
    $375,300
    $1,948,400
    $2,323,700
    -
    $375,300
    $1,948,400
    $2,323,700

    Comparable in this City

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    • Value Estimation
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      20,000 SF

      995 Postal Rd

      INDUSTRIAL (GENERAL)
      995 Postal Rd, Allentown, PA 18109-9530
      View Details
    • Value Estimation
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    • Value Estimation
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      45,600 SF

      934 Marcon Blvd

      INDUSTRIAL (GENERAL)
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      View Details
    • Value Estimation
      $2,075,000
      27,520 SF

      941 Marcon Blvd

      INDUSTRIAL (GENERAL)
      941 Marcon Blvd, Allentown, PA 18109-9340
      View Details

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      6,400 SF

      Allentown Warehouse with Drive-In Door

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      Allentown Warehouse For Sale

      9,520 SF warehouse available in Allentown, Pennsylvania.
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      Commercial Space Available For Lease

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      140,755 SF

      Allentown Industrial Property with Storage

      Industrial property in Allentown featuring outdoor storage and 140,755 SF.
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      15,090 SF

      Office/Flex Space on Marcon Boulevard

      Available office and flex space for sublease in Allentown, PA.
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      26,665 SF

      Allentown Flex Space Available

      26,665 SF flex space with office and loading docks.
      2201 Hangar Pl, Allentown, PA 18109
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      7,800 SF

      Lehigh Valley Industrial Space

      7,800 SF flex space with convenient highway access.
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    • $10 SF/Yr
      184,172 SF

      Warehouse Space on Union Boulevard

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      View Details
    View Listing
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    Allentown, PA 18109
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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.

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