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Property profile & analytics

1040 12Th St Erie, PA 16501

  • Warehouses
  • 19,134 SF
  • 0.38 lot acres
Value Estimation
Location Intelligence
Property ID
US73-0039089
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Warehouses

Property Details for 1040 12Th St

Year built
1979
Construction
FRAME
Lot size
0.38 lot acres
Property size
19,134 SF
Zone code
M2
Property type
Warehouses
APN
16-030-051.0-136.00
APU
16030051013600

Description

This exceptional commercial property, located at 1040 W 12th Street in Erie, PA, presents a unique investment opportunity. The property encompasses a substantial 25,929 square feet of space, strategically situated on a 0.59-acre lot. Its prime location offers convenient access to I-79, ensuring seamless transportation and logistics. The property comprises two interconnected buildings, separated by a fire-safe door, providing flexibility for various business models. One option is to utilize the entire 25,929 square feet for a single operation, while another is to occupy one building and lease the other for supplemental income. The property boasts two overhead doors and one loading dock, facilitating efficient loading and unloading of goods. Power is abundant, with two 400-amp, 3-phase electrical service panels. Adding to its versatility, the property includes 4,847 square feet of finished office space on the second floor, accessible from the 12th Street side. This space is ideal for administrative functions or executive offices. The property's size, location, and features make it an attractive option for a wide range of businesses seeking a well-equipped and strategically located industrial space in Erie, Pennsylvania. The asking price is $590,000.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $320,000
  • CAP approach

    CAP return
    Estimation
    6%
    $275,000
    6.5%
    $245,000
    7%
    $230,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $260,000
    Geo Method
    $245,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $220,000
    Retail
    $250,000
    Mixed-Use
    $250,000
    Hospitality
    $210,000
    Educational
    $235,000
    Residential Income
    $285,000
    Energy
    $210,000
    Income-Based Land
    $210,000
    Food Service
    $285,000

Location Insight

  • Map
  • Local Demand
City
Erie
County
Erie
State
Pennsylvania
Longitude
-80.1036
Latitude
42.1157
CBSA code
21500
CBSA name
ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,789
$83,300
$200,300
$283,600
-
$83,300
$200,300
$283,600
More about this property
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