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    Marsha Marsh Real Estate Services

    8840 Peach Street, Erie, PA 16509
    (814) 866-8840
    Web Site
    Size: 10+ agents

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    Property Types

    • Commercial Sale
    • Residential
    • Residential Multi Family
    • Land
    • Commercial Lease

    Listings

    For Sale (14)

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    Spacious Duplex with Income Potential
    $99,900
    3,128 SF

    Spacious Duplex with Income Potential

    Side-by-side duplex offering investment or owner-occupied living.

    717-717 W 18Th St, Erie, PA 16502
    View details
    Erie Commercial Land For Sale
    $500,000
    14.66 Acres

    Erie Commercial Land For Sale

    14.66 acre commercial and industrial land in Erie, PA.

    4202 W Ridge Rd, Erie, PA 16506
    View details
    Land in Wattsburg Boro
    $55,000
    6.66 Acres

    Land in Wattsburg Boro

    6.662 acre lot to build your dream home.

    Stewart Hl Rd, Wattsburg, PA 16442
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    Erie Land For Sale
    $500,000
    14.66 Acres

    Erie Land For Sale

    14.66 acres in Erie, PA, zoned commercial and light industrial.

    4202 W Ridge Rd, Erie, PA 16506
    View details
    Wooded Land in Harborcreek Township
    $35,000
    1.48 Acres

    Wooded Land in Harborcreek Township

    Six wooded parcels totaling 1.48 acres for sale.

    Bretz Dr, Erie, PA 16510
    View details
    Historic Erie Office Building For Sale
    $1,250,000
    6,006 SF

    Historic Erie Office Building For Sale

    Prime office building in Erie's historic Millionaires Row.

    317 W 6Th St, Erie, PA 16507
    View details
    Mayville Retail/Office Space For Sale
    $135,000
    2,266 SF

    Mayville Retail/Office Space For Sale

    Highly visible retail/office space in downtown Mayville, NY.

    11 S Erie St, Mayville, NY 14757
    View details
    Wooded Acres Ready for Home
    $399,900
    38.00 Acres

    Wooded Acres Ready for Home

    38 acres ready for building with septic permit included.

    11897 Rt T438 Rd, Edinboro, PA 16412
    View details
    Erie Land with Development Potential
    $259,900
    27.00 Acres

    Erie Land with Development Potential

    27 acres with driveway, timber value, and road frontage.

    9057 Kuhl Rd, Erie, PA 16510
    View details
    Erie Vacant Lot For Sale
    Contact for pricing
    0.08 Acres

    Erie Vacant Lot For Sale

    Vacant lot in Erie, PA, suitable for development.

    223 W 20Th St, Erie, PA 16502
    View details
    Erie Investment Property: Two Units
    $125,000
    1,744 SF

    Erie Investment Property: Two Units

    Two-unit investment property in Erie, PA, with off-street parking.

    730 E 5Th St, Erie, PA 16507
    View details
    Erie, PA Commercial Opportunity
    $139,000

    Erie, PA Commercial Opportunity

    Commercial property with liquor license and permits for sale.

    Plcb Liquor License St, Erie, PA 16509
    View details
    Erie Vacant Lots Package
    $65,000
    0.30 Acres

    Erie Vacant Lots Package

    Three side-by-side lots near St. Vincent Hospital.

    233 W 26Th St, Erie, PA 16508
    View details
    Updated Commercial Building in Corry
    $54,000
    2,380 SF

    Updated Commercial Building in Corry

    Versatile 2380 SF commercial building with numerous recent updates.

    116 Park St, Corry, PA 16407
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    For Lease (2)

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    Fairview Commercial Space For Lease
    $9 SF/Yr
    400 SF

    Fairview Commercial Space For Lease

    Highly visible commercial space near I-90 in Fairview, PA.

    7870 W Ridge Rd, Fairview, PA 16415
    View details
    Fairview Commercial Space For Rent
    $9 SF/Yr
    618 SF

    Fairview Commercial Space For Rent

    Highly visible commercial space near I-90 in Fairview, PA.

    7870 W Ridge Rd, Fairview, PA 16415
    View details

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    Marsha Marsh Real Estate Services
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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
    Marsha Marsh Real Estate Services
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