Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    648 E 26TH Street Erie, PA 16504

    View on Map
    Claim this Listing
    Pending
    $109,000

    COMMERCIAL - Erie, PA

    Property size:
    1,800 SF
    Added:
    Mar 20, 2026
    Days on Market:
    27
    Last Refresh:
    Apr 15 at 8:06 pm

    Property Features for 648 E 26TH Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking
    5
    Standard status
    Pending
    APN
    18-050-027.0-129.00
    Size
    1,800 SF

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    2060
    Expense value
    10000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1949
    Building materials
    Block

    We can help!

    Listing Contact
    William Bucceri

    Listing agent William Bucceri License #AB065910

    Listing office Coldwell Banker Select - Airport 4664 W 12th St, Erie, PA

    Listing date Mar 20, 2026

    MLS# 190056

    Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Erie Commercial Shop/Warehouse/Office Space

    This commercial property on E 26th St in Erie, PA, features a combination of shop, warehouse, and office space. The property includes 300 square feet of office space and 1482 square feet of shop area, totaling 1800 square feet. Access to the shop is provided by two overhead doors via an alley. The property will be conveyed with all building materials. Heating is provided by gas space heaters in the bathroom and office areas. The garage area is not heated.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Moss Builders Roofing Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.05958
    Latitude
    42.117393

    Nearby Similar for Sale

    • $619,000
      11,568 SF

      Erie Commercial Plaza For Sale

      Four-unit commercial plaza with strong rental history and abundant parking.
      105 W 18TH Street, Erie, PA 16501
      View Details
    • $965,000
      9,120 SF

      Wesleyville Borough 12-Unit Investment Property

      Rare 12-unit multifamily property in a desirable Erie location.
      3400 FRANCIS Street, Erie, PA 16510
      View Details
    • $560,000
      5,906 SF

      Erie Restaurant, Bar and Apartment

      Remodeled restaurant, bar, and apartment near Presque Isle.
      3040 W LAKE Road, Erie, PA 16505
      View Details
    • $255,000
      1,176 SF

      Erie Commercial Property on 38th

      Commercial property with multi-use zoning in a busy corridor.
      1618 E 38TH Street, Erie, PA 16510
      View Details
    • $325,000
      4,224 SF

      Erie Investment Opportunity: Four Units

      Two duplexes, four units, long-term tenants, separate utilities.
      2623-2629 E 29TH Street, Erie, PA 16510
      View Details
    • $139,900
      2,624 SF

      Erie Retail Space For Sale

      Commercial space in East Millcreek with high visibility.
      1271 E GRANDVIEW Boulevard, Erie, PA 16504
      View Details
    • $389,900
      7,667 SF

      Mixed-Use Property with Warehouse Space

      Income-generating mixed-use property with retail, residential, and warehouse components.
      1029 31 EAST Avenue, Erie, PA 16503
      View Details
    • $240,000
      3,712 SF

      Erie Fourplex with Parking

      Well-maintained, fully occupied fourplex with ample parking in Erie, PA.
      425-503 LIGHTHOUSE Street, Erie, PA 16507
      View Details
    • $389,900
      7,667 SF

      Erie Mixed-Use Investment Opportunity

      Mixed-use property with retail, residential, and warehouse components.
      1029 31 EAST Avenue, Erie, PA 16503
      View Details
    • $499,000
      2,300 SF

      Lake Erie View Condo Residence

      Sprawling condo with lake views, potential for rental income.
      3302 BAER BEACH Road, Erie, PA 16505
      View Details
    • $2,750,000
      13,200 SF

      Erie Multifamily Investment Opportunity

      Completely remodeled 18-unit building in downtown Erie.
      38 N PARK Row, Erie, PA 16501
      View Details
    • $164,500
      2,068 SF

      Established Pizzeria Business Opportunity

      Turn-key pizzeria business for sale in Erie, PA.
      MAMA MIA'S PIZZERIA Street, Erie, PA 16508
      View Details

    FAQs

    What type of property is this?
    Flex space - Shop, warehouse, and office space available on busy street.
    Where is this flex space located?
    The property is located at 648 E 26TH Street Erie, PA.
    What is the asking price?
    The asking price for this property is $109,000.
    What are key features of this property?
    This property features: Shop/warehouse/office space on busy E 26th St.; **1482 SF of shop space.**; 300 SF of office space.
    (814) 882-6781
    We can help!
    Listing Contact
    William Bucceri
    Real Estate License ID: AB065910
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!