Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12250 Lk Shr Dr North East, PA 16428
    Property profile & analytics

    12250 Lk Shr Dr, North East, PA 16428

    View on Map
    • Land
    • 0.64 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 12250 Lk Shr Dr

    Lot size
    0.64 lot acres
    Property type
    Land

    Description

    This exceptional 0.639-acre residential building lot presents a rare opportunity to build your dream home in the highly desirable new Edgewater Subdivision in North East, Pennsylvania. Located at 12250 Lake Shore Drive, this property boasts breathtaking lake views and is situated just steps away from the public beach, offering unparalleled access to recreational activities. The lot is part of a brand-new lakefront community, developed on the former site of the Dohler Cottages, promising a vibrant and exclusive neighborhood. Zoned R-2, this parcel provides ample space for a substantial residence. While the lot size is 0.639 acres, it's important to note that the square footage (27,822 sq ft) is provided for informational purposes only and is not a confirmed measurement. The property is currently unassessed for tax purposes. This is a truly unique opportunity to own a piece of lakefront paradise in Erie County, Pennsylvania, with a convenient location and stunning natural beauty. The address is 12250 Lake Shore Drive, North East, PA 16428. The asking price for this remarkable property is $200,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North East
    County
    Erie
    State
    Pennsylvania
    Longitude
    -79.7802
    Latitude
    42.2624

    Comparable in this City

    • Value Estimation by Request
      0.46 Acres

      12250 Lk Shr Dr

      Land
      12250 Lk Shr Dr, North East, PA 16428
      View Details
    • Value Estimation by Request
      0.63 Acres

      12250 Lk Shr Dr

      Land
      12250 Lk Shr Dr, North East, PA 16428
      View Details
    • Value Estimation by Request
      0.47 Acres

      12250 Lk Shr Dr

      Land
      12250 Lk Shr Dr, North East, PA 16428
      View Details
    • Value Estimation by Request
      0.46 Acres

      12250 Lk Shr Dr

      Marinas
      12250 Lk Shr Dr, North East, PA 16428
      View Details
    • Value Estimation by Request
      0.46 Acres

      12250 Lk Shr Dr

      Land
      12250 Lk Shr Dr, North East, PA 16428
      View Details
    • Value Estimation
      $720,000
      12,422 SF

      150 Lakeside Dr

      GARDEN APT, COURT APT (5+ UNITS)
      150 Lakeside Dr, North East, PA 16428-3183
      View Details

    Similar Nearby for Sale

    • New
      $209,000
      1,952 SF

      Multifamily Property in North East

      Multifamily property with long-term tenants in North East, PA.
      64 Vine St, North East, PA 16428
      View Details
    • Contact for pricing
      10,146 SF

      Turnkey Winery with Multiple Revenue

      Winery with real estate, business, and multiple income streams.
      12160 E Main Rd, North East, PA 16428
      View Details
    • Contact for pricing
      11,074 SF

      Historic Inn in Wine Country

      Historic estate in the heart of wine country.
      51 E Main St, North East, PA 16428
      View Details
    • New
      $165,000
      27.40 Acres

      Open Land with Wooded Acres

      27+ acres of open field and wooded habitat suitable for recreation, hunting, or continued agricultural use.
      00 Wilson Rd, North East, PA 16428
      View Details
    • $250,000
      0.72 Acres

      Lake Erie Building Lot

      Lakefront land with break wall and culvert drainage system.
      11516 Scotland Ave, North East, PA 16428
      View Details
    • $358,000
      44.53 Acres

      Commercially Zoned Vacant Land Parcel

      44.53 acres with frontage on Route 89.
      00 Route 89, North East, PA 16428
      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.
    12250 Lk Shr Dr
    North East, PA 16428
    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

    Thank You for Inquiry
    12250 Lk Shr Dr, North East, PA, 16428
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!