Add Listing
    For Lease
    • 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

    1920 Edinboro Rd Erie, PA 16509

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $11 SF/Yr

    Former Toys 'R Us building in high-traffic retail corridor.

    Added:
    Jan 21, 2026
    Days on Market:
    70
    Last Refresh:
    Mar 22 at 10:45 pm

    Property Features for 1920 Edinboro Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Daryl Terella
    Daryl Terella

    Listing agent Daryl Terella License #RS127138A

    Listing office Passport Realty LLC

    Listing date Jan 21, 2026

    Source Exprealty

    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 Passport Realty LLC

    Overview

    Prime Retail Space Near Mall

    The property, formerly a Toys 'R Us building, is situated adjacent to the Millcreek Mall Complex in Erie's primary retail area. This retail space benefits from a high-traffic location, with approximately 21,000 vehicles passing daily. The site fronts both Peach Street and Edinboro Road. Surrounding tenants include Planet Fitness, Macy's, Men's Warehouse, Petco, Boscov's, Dick's Sporting Goods, and T.J. Maxx. Base rent is $11 per square foot. Taxes will be divided among the tenants.
    Location Intelligence

    Current Use by Public Records

    Planet Fitness Gym & Fitness Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.0963
    Latitude
    42.0653

    Nearby Similar for Lease

    • Contact for pricing

      Erie Commercial Automotive Service Buildings

      Two commercial buildings designed for automotive service and storage.
      1115 LOWELL Avenue, Erie, PA 16505
      View Details
    • Contact for pricing

      Erie Commercial Garage with Lifts

      Full-service garage with lifts, parking, and versatile commercial space.
      1115 LOWELL Avenue, Erie, PA 16505
      View Details
    • $14/mo

      Erie Retail/Restaurant Space Available

      High-traffic location suitable for retail or restaurant uses.
      861 E 38TH Street, Erie, PA 16504
      View Details
    • Contact for pricing

      Erie Commercial Space For Rent

      Commercial garage with office area available for rent in Erie.
      4336 W RIDGE Road, Erie, PA 16506
      View Details
    • $17/mo

      Furnished Office Suite in Erie

      Furnished office suite with conference room, kitchenette, and free parking.
      4701 OLD ZUCK Road, Erie, PA 16506
      View Details
    • $12/mo

      Erie, PA Commercial Space

      Office or retail space available for lease in Erie, PA.
      2340 W GRANDVIEW Boulevard unit: 10, Erie, PA 16506
      View Details
    • Contact for pricing

      Retail Pad Site For Lease

      Outparcel pad site available for lease at Liberty Center I.
      712 W 38th St, Erie, PA
      View Details
    • $4/mo

      Grandview Shopping Plaza Retail Space

      Professional office/retail space in Grandview Shopping Plaza available for rent.
      1338 E Grandview Blvd, Erie, PA, 16504-2736
      View Details
    • Contact for pricing

      Single Room Office Suite

      337 SF office suite available for lease.
      2820 W 23rd St, Erie, PA
      View Details
    • $15/mo

      Erie Office Suite For Lease

      2,400 SF office suite with high visibility and ample parking.
      2401 W 26th St, Erie, PA
      View Details
    • $27/mo

      Unfurnished Office Suite For Rent

      Unfurnished 165 SF office suite with shared amenities.
      2730 W 21st St, Erie, PA
      View Details
    • $22/mo

      Renovated Retail Space in Erie

      933 SF renovated retail space available for lease.
      5132 Peach St, Erie, PA
      View Details

    FAQs

    What type of property is this?
    Retail space - Former Toys 'R Us building in high-traffic retail corridor.
    Where is this retail space located?
    The property is located at 1920 Edinboro Rd Erie, PA.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: Prime retail corridor location in Erie.; Adjacent to the Millcreek Mall Complex.; High traffic area with 21,000 daily vehicles.
    (814) 454-1800
    We can help!
    Listing Contact
    Daryl Terella
    Daryl Terella
    Real Estate License ID: RS127138A
    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!