Three-Building Office
New
For Sale
$725,000
4630 buffalo rd, Erie, PA 16510
Three detached office structures with long-term tenants occupy a site zoned B-1.
Property Size4,741 SF
Lot Size1.80 Acres
Days on Market5
Property Features for 4630 buffalo rd
General Information
Standard status
Active
Size
4,741 SF
Total Parking Spaces
35
Lot size
1.80 Acres
Property subtype
Office
Zoning
B-1
Net Operating Income
$44,619
Additional Details
Tenant in Place
Yes
Building Details
Building Size
4,741 SF
Year Built
1940
Buildings
3
Listing Agency:
Coldwell Banker Commercial Select, REALTORS Erie
Listed By:
Bill Bucceri · License #AB065910
(814) 882-6781
Source:
Cbcworldwide
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 26 at 12:43PM
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 Commercial Select, REALTORS Erie
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Three office buildings make up this property, which was built in 1940. The buildings are occupied by long-term tenants, and the site carries B-1 zoning.
The property occupies 1.8 acres at 4630 Buffalo Rd in Erie, Pennsylvania.
The property occupies 1.8 acres at 4630 Buffalo Rd in Erie, Pennsylvania.
Key Highlights
- Three office buildings on a 1.8‑acre site
- B‑1 zoning
- Built in 1940
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,089
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,241,780
$1.2M
Cap Rate 7%
$886,986
$887.0K
Cap Rate 9%
$689,878
$689.9K
Market Conditions
NOI Build-Up for 4,741 SF
Gross rent
$107.0K $22.56/SF
− Vacancy
−$24.2K −$5.10/SF
EGI
$82.8K $17.46/SF
− OpEx
−$20.7K −$4.37/SF
NOI
$62.1K $13.10/SF
Area
Erie County, PA
Vacancy
22.60%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,241,780
Cap Rate 7%
$886,986
Cap Rate 9%
$689,878
Alternative Uses
Best Use
Office B
$887.0K
$776.1K – $1.03M
NOI $62,089 @ 7.0% cap · market cap 8.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,334 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
Explore this area
Business Placement
Demographics for 16510, PA
24,515
Population
10,354
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
33.0 sq mi
ZIP Area
743
Density / Sq Mi
$64,938
Median Household Income
$40,064
Median Earnings
$796
Median Rent
$158,700
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Three detached office structures with long-term tenants occupy a site zoned B-1.
Where is this office building located?
The property is located at 4630 buffalo rd Erie, PA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Three office buildings on a 1.8‑acre site; B‑1 zoning; Built in 1940
