Multi-Tenant Office
For Sale
Contact for pricing
50-1611 Peach St, Erie, PA 16507
The office sits in a downtown building with parking available on site.
Property Size841 SF
Price / SF$15
Days on Market13
Property Features for 50-1611 Peach St
General Information
Standard status
Active
Size
841 SF
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$330
Building Details
Tenancy
Multi
Listing Agency:
Glowacki Management Company
(814) 452-3681
Listed By:
Melissa Ellis
(814) 434-1546
Source:
Exprealty
Added: Oct 15
Changed: Oct 26
Last Checked: Oct 26 at 8:32PM
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 Glowacki Management Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
An 841-square-foot office unit is offered for sale within a multi-tenant building. The property includes parking and window views.
The building is in downtown Erie, Pennsylvania, at 50-1611 Peach St.
The building is in downtown Erie, Pennsylvania, at 50-1611 Peach St.
Key Highlights
- 841‑square‑foot office unit
- Located in downtown Erie at 50‑1611 Peach St
- Part of a multi‑tenant building with on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,014
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,280
$220.3K
Cap Rate 7%
$157,343
$157.3K
Cap Rate 9%
$122,378
$122.4K
Market Conditions
NOI Build-Up for 841 SF
Gross rent
$19.0K $22.56/SF
− Vacancy
−$4.3K −$5.10/SF
EGI
$14.7K $17.46/SF
− OpEx
−$3.7K −$4.37/SF
NOI
$11.0K $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%
$220,280
Cap Rate 7%
$157,343
Cap Rate 9%
$122,378
Alternative Uses
Best Use
Office B
$157.3K
$137.7K – $183.6K
NOI $11,014 @ 7.0% cap · market cap 87.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$208.6K
$182.6K – $243.4K
NOI $14,605 @ 7.0% cap · market cap 115.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,139
Businesses Nearby
Explore this area
Business Placement
Demographics for 16507, PA
9,429
Population
4,149
Households
2.3
Avg Household Size
31
Median Age
20%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
4,490
Density / Sq Mi
$34,474
Median Household Income
$20,833
Median Earnings
$1,016
Median Rent
$66,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The office sits in a downtown building with parking available on site.
Where is this office unit located?
The property is located at 50-1611 Peach St Erie, PA.
What are key features of this property?
This property features: 841‑square‑foot office unit; Located in downtown Erie at 50‑1611 Peach St; Part of a multi‑tenant building with on‑site parking
