1909 E 38th St. Erie, PA 16504
High-visibility commercial space suitable for office, medical, or retail use.
Property Features for 1909 E 38th St.
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Special Purpose
Listing office Coldwell Banker Select, REALTORS
Listing date May 16, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Select, REALTORS
Investment Insights
Based on property information with market context.
Key Highlights
- High‑visibility location with approximately 15,000 cars passing by daily.
- Approximately 3,000 sq ft suitable for office, medical, retail, or professional use.
- Easy access with a convenient turn into the property and a bus stop across the street.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.7k | $22.56 |
| − Vacancy | −$15.3k | −$5.10 |
| EGI | $52.4k | $17.46 |
| − OpEx | −$13.1k | −$4.37 |
| NOI | $39.3k | $13.10 |
