Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    Buffalo Rd Harborcreek, PA 16510

    • Investment properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for Buffalo Rd

    Property type
    Investment properties

    Description

    This exceptional opportunity presents the acquisition of Erie Catering and Events (ECE), a thriving catering business located in Harborcreek, PA. Established in 2021, ECE boasts impressive year-over-year sales growth, nearly doubling each year. The business is turnkey, offering established processes and written recipes for seamless transition to a new owner. ECE enjoys a prominent online presence, consistently ranking at the top of Google searches for "Erie Catering," "Erie, PA catering," and "Catering" within the Erie area. Its impeccable reputation is further solidified by a 5-star Google rating based on 34 reviews. The sale includes all necessary equipment to manage up to four weddings or events daily. A dedicated website, complete with an online event submission form, streamlines client interaction and booking management. Importantly, ECE operates without a dedicated facility

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Harborcreek
    County
    Erie
    State
    Pennsylvania
    Longitude
    -79.9747
    Latitude
    42.1588

    Comparable in this City

    • Value Estimation by Request
      1,664 SF

      5093 Buffalo Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,664 SF
      5093 Buffalo Rd, Erie, PA 16510-2305
      View Details
    • Value Estimation by Request
      4,938 SF

      5059 Buffalo Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,938 SF
      5059 Buffalo Rd, Erie, PA 16510-2316
      View Details
    • Value Estimation by Request
      3,092 SF

      2703 Buffalo Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,092 SF
      2703 Buffalo Rd, Erie, PA 16510-1701
      View Details
    • Value Estimation by Request
      3,060 SF

      3303 Buffalo Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,060 SF
      3303 Buffalo Rd, Erie, PA 16510-1811
      View Details
    • Value Estimation by Request
      7,376 SF

      10 12th Buffalo Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 7,376 SF
      10 12th Buffalo Rd, Erie, PA 16510
      View Details
    • Value Estimation by Request
      3,480 SF

      1956 Buffalo Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,480 SF
      1956 Buffalo Rd, Erie, PA 16510-1264
      View Details

    Similar Nearby for Sale

    • $1,173,000

      Development Site Near I-90 Exit

      18.046 acre development site with highway visibility and public water.
      Kuhl Rd, Erie, PA 16510
      View Details
    • $95,000
      2.29 Acres

      Erie Land with Wooded Backyard

      Land with septic, well, propane, and electric available.
      6637 Filley Rd, Erie, PA 16510
      View Details
    • $399,900
      36.50 Acres

      Erie, PA Development Site

      36.5 acre development site in Harborcreek with public utilities.
      Boyer Rd, Erie, PA 16510
      View Details
    • Contact for pricing

      Development Site with Retail Potential

      Land for lease or build-to-suit with high visibility.
      2021 38Th St, Erie, PA 16510
      View Details
    • $1,173,000
      18.05 Acres

      Erie, PA Commercial Land

      18 Acres, I-90 Access, High Traffic
      0 Kuhl Rd, Erie, PA 16510
      View Details
    • $255,000
      1,176 SF

      Erie Commercial Property on 38th

      Commercial property with multi-use zoning in a busy corridor.
      1618 E 38Th St, Erie, PA 16510
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      4,250 SF

      Warehouse Space for Lease in Buffalo

      4,250 sq ft warehouse, ideal distribution.
      2814 Buffalo Rd, Erie, PA 16510
      View Details
    • Contact for pricing
      5,478 SF

      Erie Retail Space Available

      Retail or office space with strong visibility and ample parking.
      1523 E 38Th St, Erie, PA 16510
      View Details
    • $6 SF/Yr
      4,250 SF

      Erie Warehouse/Distribution Space Available

      Warehouse/distribution space with truck dock and overhead door in Erie, PA.
      2814 Buffalo Rd, Erie, PA 16510
      View Details
    • $50 SF/Yr

      Co-Working Units in Knowledge Park

      Private co-working units available for rent in Knowledge Park.
      5451 Merwin Ln, Erie, PA 16510
      View Details
    • Contact for pricing

      Prime Erie County Commercial Land

      High-traffic location, build-to-suit available.
      4655 Buffalo Rd, Erie, PA 16510
      View Details
    • Contact for pricing
      8,556 SF

      Erie Retail Strip Center Opportunity

      High-Visibility Retail Space Available in Erie, PA
      1509 38Th St, Erie, PA 16510
      View Details
    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.
    Buffalo Rd
    Harborcreek, PA 16510
    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.