Updated Grocery and Convenience
For Sale
$425,000
Pending
3750 Peach St, Erie, PA 16508
Established beer distributor with a recently refreshed exterior and a leased billboard component.
Property Size1,814 SF
Days on Market180
Property Features for 3750 Peach St
General Information
Standard status
Pending
Size
1,814 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$7,969
Listing Agency:
Agresti Real Estate
(814) 504-8087
Listed By:
Bob List · License #RS367057
(814) 504-8087
Source:
Exprealty
Added: Mar 4
Changed: Aug 31
Last Checked: Aug 30 at 6:40PM
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 Agresti Real Estate
Investment Insights
Based on property information with market context.
This established beer distributor includes a retail component and a recently updated exterior. The property is positioned along Peach Street in Erie, Pennsylvania, with the address providing a defined commercial location for the operation.
A leased billboard adds a separate property feature alongside the retail business. The asset combines an operating beer distribution use with an additional advertising component, supporting multiple on-site commercial functions.
A leased billboard adds a separate property feature alongside the retail business. The asset combines an operating beer distribution use with an additional advertising component, supporting multiple on-site commercial functions.
Key Highlights
- Established beer distributor operation
- Recently updated exterior
- Leased billboard on the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,494
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$509,880
$509.9K
Cap Rate 7%
$364,200
$364.2K
Cap Rate 9%
$283,267
$283.3K
Market Conditions
NOI Build-Up for 1,814 SF
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.
Gross rent
$35.5K $19.56/SF
− Vacancy
−$1.5K −$0.82/SF
EGI
$34.0K $18.74/SF
− OpEx
−$8.5K −$4.68/SF
NOI
$25.5K $14.05/SF
Area
Erie County, PA
Vacancy
4.20%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$509,880
Cap Rate 7%
$364,200
Cap Rate 9%
$283,267
Alternative Uses
Best Use
Specialty Retail
$364.2K
$318.7K – $424.9K
NOI $25,494 @ 7.0% cap · market cap 6.00%
Second Best
Retail
$292.2K
$255.7K – $340.9K
NOI $20,456 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$450.0K
$393.8K – $525.1K
NOI $31,503 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
181k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Groceries 25%
Dining 21%
Home Improvements & Furnishings 7%
Tops Friendly Markets
Groceries
35,432 visits/mo
0.1 miles
Sheetz
Shops & Services
29,109 visits/mo
0.2 miles
Dollar Tree
Shops & Services
19,381 visits/mo
0.2 miles
Country Fair
Shops & Services
18,432 visits/mo
0.1 miles
Burger King
Dining
12,647 visits/mo
0.5 miles
Demographics for 16508, PA
15,172
Population
7,385
Households
2.1
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
2.8 sq mi
ZIP Area
5,419
Density / Sq Mi
$52,361
Median Household Income
$36,209
Median Earnings
$852
Median Rent
$121,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established beer distributor with a recently refreshed exterior and a leased billboard component.
Where is this grocery and convenience store located?
The property is located at 3750 Peach St Erie, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Established beer distributor operation; Recently updated exterior; Leased billboard on the property
